About Flux
Flux is a company based in Lagos (Nigeria) founded in 2019 by Ben Eluan and Osezele Orukpe. It operates as a FinTech and Freemium. Flux has raised $125 thousand across 1 funding round from investors including Y Combinator. Flux offers products and services including Flux App and Virtual Dollar Cards. Flux operates in a competitive market with competitors including Paytm, MoneyGram, OPay, Xend Finance and CarePay, among others.
- Headquarter Lagos, Nigeria
- Founders Ben Eluan, Osezele Orukpe
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
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Total Equity Funding
$125 K (USD)
in 1 rounds
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Latest Funding Round
$125 K (USD), Seed
Jun 01, 2021
- Investors
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Employee Count
Not available
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Products & Services of Flux
Flux offers a comprehensive portfolio of products and services, including Flux App and Virtual Dollar Cards.
Used for sending, spending, banking, and investing securely.
Created for secure online spending on various websites.
Funding Insights of Flux
Flux has successfully raised a total of $125K through 1 strategic funding round. The most recent funding activity was a Seed round of $125 thousand completed in June 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Flux
Flux has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Y Combinator.
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Early-stage startups are accelerated via funding and educational programs.
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Investor details for Flux
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Investments & Acquisitions by Flux
Investment portfolio details for Flux
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Financial Statements - Flux
Detailed financials for Flux
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Flux Comparisons
Peer comparison for Flux
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Competitors of Flux
Flux operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Paytm, MoneyGram, OPay, Xend Finance and CarePay, among others.
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Digital payments, financial services, and e-commerce platforms are provided.
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Cross-border payments are enabled via wallet solutions for consumers.
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Wallet-enabled payments are facilitated for consumers and businesses.
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DeFi savings are enabled for credit unions and cooperatives.
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Provider of a health insurance platform for global insurers
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An app-based digital wallet providing payment solutions for individuals and businesses.
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Detailed competitors of Flux
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Latest news on Flux
Complete news archive for Flux
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Frequently Asked Questions about Flux
Flux was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Flux is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
Ben Eluan is the current CEO of Flux. They have also founded this company.
Flux is a funded company, having raised a total of $125K across 1 funding round to date.
Flux is managed as a comprehensive financial application facilitating secure transactions across over 40 countries. Services are provided for sending and receiving money instantly, creating virtual dollar cards for online spending, offering free local bank transfers, and enabling investments in cryptocurrencies and cash storage in dollars or euros. Operations are supported in multiple global markets with a focus on user security and financial freedom.
Flux offers Flux App and Virtual Dollar Cards.
Flux has 1 investor. Key investors include Y Combinator.