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Flux
Instant cashback through digital receipts
- 21-100 employees
- Fintech
- B2C
- B2B
- Payments
- Financial Services
- SaaS
- API
- Whitechapel, London, UK
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Company mission
Flux's mission is to liberate the world’s receipt data.
Our take
While large fintechs tackling major problems attract the majority of the press, there are some exciting startups focusing on tackling very specific but important problems - Flux being one of them, with a focus on receipts. This focus means it is making a lot of progress quickly.
Consumers can link their credit or debit card and choose the account they want their real-time cashback to enter. Once consumers sign up, they activate the offers they like which are then automatically linked to their payment card and redeemed at point-of-purchase, with cashback.
Its product Flux Offers is already seeing 12% month-on-month customer growth since its launch in late 2021. Partnerships with retailers like H&M, Schuh, Just Eat, itsu, Papa Johns, and KFC and top UK banks like Barclays, Monzo and Starling have helped Flux become a dominant and trusted player in the digital receipt and offers space.
With an average of 36,000 customers joining the digital receipts network every month, Flux is seeing significant growth through product adoption. With its network continually expanding, Flux is extending its reach by introducing new products to deliver value to both consumers and retailers.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- Perks at Flux retailers (100% off per month, up to £100)
- Annual company trip
- 36 days holiday (incl. bank holidays), + personal mental health days
- Work from home opportunities
- Share options
- Macbook Pro + Additional Peripherals
- Pension scheme
- Personal Development Fund (£1200 a year)
- Maternity leave
Funding (last 2 of 3 rounds)
Dec 2018
$7.5m
SERIES A
Sep 2017
$1.5m
SEED
Total funding: $9.2m
This company has top investors
Leadership
Worked for Morgan Stanley in Capital Markets. Employee #4 at Revolut, where she was Head of Partnerships for 11 months.
Tom Reay
(CTO)Software Developer with 5 years of experience at Ocado, Expedia, Experian and Revolut.
Articles
Endorsements
All
Challenging work (1)
Opportunities to learn (1)
Hard working team (1)
When I joined there was a really supportive atmosphere, which has continued 3 months on in the role. I like the collaboration and communication across the business and there's always someone that can provide guidance or help in some with what I'm working on.
Finance, Legal & Compliance
Opportunities to learn
Mar 2022
Openness and honesty, making sure everyone can align with the goal to digitise receipts, enables customer offers and all that we have in our roadmap ahead. The leadership team really want to foster culture of trust and belief and really engage everyone to contribute to how we make the business succeed.
Finance, Legal & Compliance
Hard working team
Mar 2022
The area was work is new and innovative, and along with those two characteristics comes complexity and attention to detail. We engage with a range of partners and it's really important that we explain how we work, why we do things the way we do, and explore new ways of working and solving problems.
Finance, Legal & Compliance
Challenging work
Mar 2022
