Wealth Fund Mubadala Backs Dubai-Based Dining Payments Platform

A Dubai-based restaurant payments platform has raised $30 million from investors including wealth fund Mubadala Investment Co., as it looks to accelerate its global expansion.

Qlub secured the funding in a round co-led by investment firm Shorooq and Berlin-based Cherry Ventures, the company said in a statement. Other participants included United Arab Emirates’ telecom group e& and China-based Legend Capital.