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.
SupplyCompass, a design-to-delivery sourcing platform that provides an efficient and sustainable solution for global supply chains, agrees a £1.5m seed fund deal.
Apprenticeship startup WhiteHat raises $16m Series A led by Index Ventures and prepares to expand its alternative to university.
How can women effectively challenge gender bias in the workplace? Hayley Mackenzie from Boiler Guide, shares here thoughts and experience.
The app that's aiming to help us to take the first step in reversing climate change...
The startup that's providing Nursing Home residents with additional meaningful social interactions provided by local people!
Some easy and inexpensive ways to make your start-up more secure.
The vidiCREW app is on a mission to show your wedding through the eyes of your loved ones. How does it work?
The Startup Leadership Program continues to grow, inviting applications for its 9th London cohort to join the six-month program.
The SaaS startup that helps training providers make the most of their customer feedback
If you're looking for a suitable location to launch your next UK business, Manchester deserves a spot on your shortlist; here’s why.
Published on: 8th October 2017
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- Startup Leadership Program invites applications for its 9th London cohort 12th Jul 2019 The Startup Leadership Program continues to grow, inviting applications for its 9th London cohort to join the six-month program.
- Latest Zinc Company Builder Programme to transform the quality of later life 9th Jul 2019 Do you want to build a new purpose-driven startup with support from a world-class network of experts?
- HealthTech startups sought for Greater Manchester Future of Health Challenge 4th Jul 2019 The Greater Manchester Future of Health Challenge is on the hunt for innovative healthtech startups and scaleups...
- Seedrs FMCG Accelerator Programme to help 10 UK-based FMCG businesses 3rd Jul 2019 Seedrs have launched their first FMCG Accelerator Programme dedicated to helping up to 10 UK-based FMCG businesses raise capital.
