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.