qlub, a payment solution that splits restaurant bills between customers, has raised US$25 million in a new funding round, bringing its total fundraising to US$42 million.
The new investors in the round include global investment firm Al Dhabi Capital and major family offices in the UAE.
Existing investors also participated.
The startup plans to use the new capital to accelerate growth, expand to new markets, and build new value-added services for restaurants and customers on the qlub platform.
qlub enables customers to pay their restaurant bills in various options — as a group, splitting, or tipping — without needing an app or registration. All it takes is the scan of a QR code at their table, with customers being given the flexibility of paying with Apple Pay, Google Pay, credit cards, and local payment schemes.
Also Read: ‘Singapore’s dine-in experience hasn’t evolved much despite many F&B outlets’: qlub COO
Currently, qlub operates in four continents, with a significant presence in Australia, Saudi Arabia, Singapore and the UAE. In these countries, qlub powers over 2,000 restaurants, including Singapore’s Merci Marcel, Deelish Brands (Fatburger & Buffalo’s, 800 Degrees), Ayam Penyet President, and Morganfield’s.
“We want to transform the payment experience for F&B players in Singapore and other key markets by partnering with leading industry players, such as restaurant point-of-sale solution providers and global payment partners, to offer the best-integrated solution for restaurant owners,” says Ramy Omar, Co-Founder and Chief Business Officer of qlub.
In 2022, qlub secured a US$17 million seed round co-led by Cherry Ventures and Point Nine.
—
Echelon Asia Summit 2023 brings together APAC’s leading startups, corporates, policymakers, industry leaders, and investors to Singapore this June 14-15. Learn more and get tickets here. Echelon also features the TOP100 stage, where startups can pitch to 5000+ delegates, among other benefits like connecting with investors, visibility through the e27platform, and other prizes. Join TOP100 here.
The post QR payment solution for restaurant consumers qlub secures US$25M funding appeared first on e27.