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The payment solution for consumers in restaurants has now raised $17m in seed financing in a round co-led by Berlin’s Cherry Ventures and Point Nine Capital of Germany. Also participating were other VCs including STV, Raed Ventures, Heartcore, Shorooq Partners, and FinTech Collective as well as numerous entrepreneurs-turned-angels. Qlub enables customers to pay their bills in restaurants quickly by scanning a QR code with their phone. No app or registration is required. Customers can split the bill with their friends and pay the bill with Apple Pay, Credit Card or in installments in a similar manner to BNPL.
Co-founder Eyad Alkassar, a former Co-Founder and Managing Director for Rocket Internet Middle East, said: “Having built multiple food delivery startups, I was baffled by how little the dine-in experience has improved by technology within the last two decades. Since the advent of credit cards, little to nothing has changed. By combining two mega-trends driven by the pandemic — QRs in restaurants and cashless payments — we are creating the payment function of the future.”
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