London based fintech Flux has raised $7.5 million in Series A funding round led by VC firm e.ventures with participation from existing investors PROfounders, and Anthemis.
Currently available for customers of Barclays via Launchpad, Starling Bank and an alpha group of Monzo Bank, customers linked to Flux can receive digital receipts and loyalty coupons from retailers.
Andreas Haug, founding partner e.ventures, sees a bright future ahead for Flux. “We have been impressed by the traction the Flux team have made amongst large UK retailers and banks in a short timeframe,” he says. “We see paperless data on spending as one of the last frontiers enabling a true shift to digital engagement within retail and are excited for the future with Flux.”