Spades, UAE-based dine-in payment FinTech startup, raises $2.5m in an Angel round from select entrepreneurs & funds. The round included prominent European business angels and early investments from global & regional VCs such as Nordstar and Impact46.
The startup is growing their team and is planning to expand in the GCC and beyond.
“With Spades, we have created a seamless payment portal that is fast, secure, and convenient. Our goal is to give back time to customers and restaurants, and create a perfect phygital harmony that helps achieve an exceptional dine-in experience,” Adnan Haque, co-founder of Spades, said.
It was founded by Mehdi Chraibi, Adnan Haque, and Sameer Poonja. The startup allows guests to easily pay their bill by scanning a code or tapping to pay, without any downloads or registration, translating into shorter wait times. The startup provides a fast and secure payment solution that integrates seamlessly into all major POS systems, making refunds and reconciliation just a click away.
“F&B is an important industry in the local market and Spades is offering a powerful digital solution to improve the experience for all stakeholders in the value chain. We look forward to making Spades the standard for restaurant payment,” Investment Associate at Impact46, Saud Alsahaf, added.
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