The State of Receipts is in Flux
by Startacus Admin
Receipts are annoying, easily-lost, tree-murdering, messy things that we are often tempted to throw straight in the bin even when we know we need to keep them. They are among those little, unimposing things that nevertheless get in the way. Surely in this digital age, we should have some kind of digital solution for this. Well, it’s funny you should say that, because we’re looking at one now!
Flux is a London-based startup looking to solve the irritating issue of receipts (and loyalty cards to boot).
The idea is simple: every time you pay for something with your card, the payment information is sent straight through your bank to the Flux app, showing you everything a 
normal receipt would. The same goes for the loyalty stamps - they are automatically ticked off based on what you have purchased, and will refund the cost of, for example, every 8th cup of coffee. You’ll never again get to the till only to realised you left your fully loaded loyalty card in a drawer somewhere.
On the retailer’s side, Flux provides anonymised data on their customers, receipt and loyalty programme insights, and the ability to create specific loyalty programmes. There is no extra hardware or training necessary, making it a simple and non-intrusive system that runs automatically, in the background.
Currently, Flux is available for Starling Bank, in a closed pilot with Monzo bank, and trialling with 10,000 Barclays customers. It is also available in a limited capacity in retailers, with 111 EAT outlets around London and Bel-Air Shoreditch currently the only locations it can be used.
With how simple and useful Flux is, and the fact that they have very recently raised $1.5m (£1.1m) in Seed funding, we can however, see it catching on quickly and scaling nationwide.
- TravTab looks to cash in on the pain of paying for that all important holiday
- WeSavvy - an innovative FinTech mobile app which is on a mission to ensure that our personal insurance policies go hand in hand with our personal fitness.
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.
Tech Nation calls for tangible support to secure capital, talent, growth and exits needed to accelerate the growth of UK tech in decade ahead.
Glasgow-based This is Milk seeks investment for Neve Learning, its cloud-based Ed-Tech platform that has inclusivity and accessibility at its core.
.jpg)
With the UK facing a clear digital skills gap, Amy Caton, Digital Talent and Impact Senior Manager at BT Group shares some insights on what businesses should do to close that divide.
The lowdown on Berlin-based Beazy and its innovative solution that helps teams to plan, produce and deliver creative content and helps businesses to connect with talented content creators.
The lowdown on Fluffy, the app offering dog training, 24/7 vet messaging and insurance to give pet owners peace of mind and support them with their pet care responsibilities.
Huckletree's new Web3 HQ aims to put London’s West End at the forefront of Britain’s tech superpower ambitions.
Leading sports marketing platform, OpenSponsorship announces move into music sector, the first new vertical industry for the trans-Atlantic martech business.
.jpg)
Kingussie High School scoops first place for Junior and Senior categories at this year’s Growing Future Assets Competition.
The lowdown on Manchester-based Arctic Shores and its innovative recruitment solution to help candidate potential count as much as skills and experience.
With the demand for tattoo removal now greater than ever, specialist NAAMA Studios makes a bid for a further £11m in funding.
Published on: 8th October 2017
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- Tech Nation report reveals UK Tech could quadruple in value by 2032 with right conditions 23rd Mar 2023 Tech Nation calls for tangible support to secure capital, talent, growth and exits needed to accelerate the growth of UK tech in decade ahead.
- Neurodiverse learning and training platform Neve shares major six-figure investment opportunity 22nd Mar 2023 Glasgow-based This is Milk seeks investment for Neve Learning, its cloud-based Ed-Tech platform that has inclusivity and accessibility at its core.
- Huckletree opens new London hub for tech companies pioneering Web3 solutions 16th Mar 2023 Huckletree's new Web3 HQ aims to put London’s West End at the forefront of Britain’s tech superpower ambitions.
- OpenSponsorship making its move into the music sector 16th Mar 2023 Leading sports marketing platform, OpenSponsorship announces move into music sector, the first new vertical industry for the trans-Atlantic martech business.
