About Spades
Spades is a company based in Dubai (United Arab Emirates) founded in 2021 by Mehdi Chraibi and Sameer Poonja.. Spades has raised $2.5 million across 1 funding round from investors including Eduardo Ronzano, Yan Hascoet and Omar Benmoussa. Spades offers products and services including qlub Payment Solution and Digital Menu Access. Spades operates in a competitive market with competitors including Qlub, Cardpio Space, Opaala, Seplai and HoloMenu, among others.
- Headquarter Dubai, United Arab Emirates
- Founders Mehdi Chraibi, Sameer Poonja
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Sectors
Consumer
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Email
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Phone
*********
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Website
*********
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Social
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- Legal Name Fast Technology Services Fzco
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.5 M (USD)
in 1 rounds
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Latest Funding Round
$2.5 M (USD), Angel Round
May 10, 2022
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Investors
& 4 more
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Employee Count
Employee Count
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Products & Services of Spades
Spades offers a comprehensive portfolio of products and services, including qlub Payment Solution and Digital Menu Access. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Facilitates contactless bill viewing and payment in restaurants
Enables QR code-based menu viewing for guests
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Funding Insights of Spades
Spades has successfully raised a total of $2.5M through 1 strategic funding round. The most recent funding activity was a Angel Round round of $2.5 million completed in May 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Angel Round — $2.5M
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First Round
First Round
(10 May 2022)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2022 | Amount | Angel Round - Spades | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Spades
Spades has secured backing from 5 investors, including angel investors. Prominent investors backing the company include Eduardo Ronzano, Yan Hascoet and Omar Benmoussa. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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ER
Eduardo Ronzano |
French-Indian angel investor, co-founder of Kelkoo, active in Indian startups
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Founded Year | Domain | Location |
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YH
Yan Hascoet |
French entrepreneur, angel investor, and co-founder of Chauffeur Privé, active in India.
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Founded Year | Domain | Location |
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OB
Omar Benmoussa |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Spades
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Spades
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Spades Comparisons
Competitors of Spades
Spades operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Qlub, Cardpio Space, Opaala, Seplai and HoloMenu, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Contactless QR-code checkout and bill-splitting solutions are provided for restaurants.
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| domain | founded_year | HQ Location |
Offers digital QR code menus for restaurants to update and manage efficiently.
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| domain | founded_year | HQ Location |
Provides cloud-based ordering and payment for venues via mobile devices.
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| domain | founded_year | HQ Location |
Provides comprehensive order management software solutions tailored for restaurants.
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| domain | founded_year | HQ Location |
Offers an augmented reality app for visualizing 3D menus.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Spades
When was Spades founded?
Spades was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is Spades located?
Spades is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.
Is Spades a funded company?
Spades is a funded company, having raised a total of $2.5M across 1 funding round to date. The company's 1st funding round was a Angel Round of $2.5M, raised on May 10, 2022.
What does Spades do?
Spades was founded in 2021 in Dubai, United Arab Emirates, focusing on the restaurant payment sector. Solutions for dine-in establishments are delivered, including options for payment splitting, QR code scanning, and tipping. Menus and payments can be accessed by guests through QR scans. Payout processes are automated and synced with the primary POS system for operational efficiency.
Who are the top competitors of Spades?
Spades's top competitors include Qlub, Cardpio Space and Opaala.
What products or services does Spades offer?
Spades offers qlub Payment Solution and Digital Menu Access.
Who are Spades's investors?
Spades has 5 investors. Key investors include Eduardo Ronzano, Yan Hascoet, Omar Benmoussa, Othmane Bouhlal, and Thibaud Elziere.