Flux (YC Winter 2021)

TL;DR: Flux is a Y Combinator Winter 2021 startup Cross border Payments infrastructure for internet businesses and…, currently active with a team of 8.

Cross border Payments infrastructure for internet businesses and…

YC ID
23645
YC Batch
Winter 2021
Status
Active
Team size
8
Industry
Fintech, Payments
Tags
DeFi, Crypto / Web3
YC profile
https://www.ycombinator.com/companies/flux-2

Last verified:

We are building Flux- Flux is a Mobile App for merchants, freelancers, regular users(P2P) to make and accept payments from their customers anywhere in the world using crypto or fiat. We have built a mobile app that uses the merchants’ phone number, creates a wallet enabling them to receive payments in crypto or fiat without having to go to an exchange or pay expensive fees. Merchants can accept payments in crypto or in fiat. Payments made in Crypto can easily convert into fiat due to the built in fast reconciliation and is made available for spending immediately. Currently the vast majority merchants receive payments in crypto because of two issues (1) Paypal, Venmo, CashApp or Square to not exist in Africa and (2) the local currency fluctuates more than bitcoin due to inflation. But in o…

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Frequently asked questions

Is Flux a YC (Y Combinator) company?

Yes. Flux was funded by Y Combinator in the Winter 2021 batch. Cross border Payments infrastructure for internet businesses and…

What does Flux do?

We are building Flux- Flux is a Mobile App for merchants, freelancers, regular users(P2P) to make and accept payments from their customers anywhere in the world using crypto or fiat. We have built a mobile app that uses the merchants’ phone number, creates a wallet enabling them to receive payments in crypto or fiat w…

What YC batch was Flux in?

Flux was part of Y Combinator's Winter 2021 batch.

How big is Flux?

Flux has a team of 8 people according to Y Combinator's directory.

Is Flux still active?

Flux is currently listed as Active with a team of 8 in Y Combinator's directory.

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