Qlub Company Research Report



Company Overview



Name, Mission of the Company


  • Name: Qlub

  • Mission: Qlub enables restaurants, pubs, and café owners to present their menus and receive payments in seconds, providing efficiency, speed, and convenience for both staff and guests.


Foundation Information


  • Founded: No information is available.

  • Founders: Arun Sharma, Eyad Alkassar, Filiberto Pava, Gizem Bodur, Mahmoud Fouz, John Mady, Jeff Matsuda, Oscar Bedoya, and Ramy Omar.


Key People in the Company


  • Co-Founder & Key Executive: Eyad Alkassar


Headquarters


  • Location: UAE


Number of Employees


  • Employees: 200+ globally


Revenue of the Company


  • No information is available.


Company Notability


  • Known For: Qlub is known for its ultra-fast, contactless payment solutions for restaurants, enabling customers to pay their bills within 10 seconds using a QR code.


Products



Offered Products


  • Product: Ultra-fast Payment Solution for Restaurants


High-Level Description of the Product


  • Customers can instantly pay bills in restaurants by scanning a QR code with their phone without downloading an app or registering.


Key Features of Each Product


  • Scan, Split, Tip, Pay:

  • Features straightforward integration with existing QR codes.

  • Supports multiple payment methods including Apple Pay, credit cards, and installments.

  • Enables bill splitting among guests.

  • Improves customer and staff satisfaction by expediting the payment process.


Recent Developments



Recent Developments in the Company


  • Qlub has successfully raised $17 million in seed financing co-led by Cherry Ventures and Point Nine with participation from other VCs.

  • New partnerships and strategic angel investments from industry leaders and digital food industry C-level executives.


New Products Launched


  • The core product focus remains the ultra-fast payment solution with continuous optimizations.


New Features Added to Existing Products


  • Introduction of the "Eat Now Pay Later" feature, allowing bill payments via Apple Pay, credit cards, or installments.


New Partnerships


  • Multiple strategic angel investors including C-level executives from major industry players like Delivery Hero.

  • Integration with several top POS systems like Abacus, Foodics, Lightspeed, and more.


Statistics and Achievements


  • Global Presence: Presence in markets such as UAE, KSA, Turkey, Brazil, Japan, Australia, India, and Singapore.

  • Customer Base: Trusted by 1000+ restaurants across 8 countries.

  • Operational Efficiency: Saving approximately 16 minutes per table on average.

  • Positive Impact: Increased tips for waitstaff and higher customer satisfaction.


By leveraging QR codes and cashless payment trends amplified by the pandemic, Qlub has positioned itself as a significant innovator in the restaurant payment space.