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

Funding Rounds

▤ Summary

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 Qlubs restaurants and customers.Qlub was founded in 2021 and operates across 2,000 outlets in the UAE, Saudi and Singapore.If you see something out of place or would like to contribute to this story, check out our Ethics and Policy section.

$ Funding

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Amount $25.0M Total raised
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Date March 17, 2023 Announcement date
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Investors - Lead investors
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Company https://qlub.io Funded company

▥ Classifications

industries
Fintech & Banking
applications
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