Qlub, UAE’s FinTech startup, raises $25m in a funding round

by WAYA Staff - Mar 16, 2023

Qlub, UAE’s FinTech startup, raises $25m in a funding round

Qlub, UAE-based in-store payment solution, raised $25 million in funding co-led by Cherry Ventures and Point Nine, and the round also witnessed participation from STV, Raed Ventures, Heartcore, Shorooq Partners, FinTech Collective, Al Dhabi Capital and angel investors.

The startup will use the funds to develop and launch new services for Qlub’s restaurants and customers.

Qlub was founded in 2021 and operates across 2,000 outlets in the UAE, Saudi and Singapore.

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