Flux QR provides a mobile payment solution that allows customers to apply for credit directly from their smartphones, enabling them to make purchases without needing a credit card. This service increases sales for merchants by facilitating payment options, allowing them to receive funds immediately while customers pay later.
Funding
$600K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many potential customers lack credit cards, limiting their purchasing power and hindering sales for merchants, particularly in regions with low credit card penetration. Traditional credit application processes are often cumbersome and time-consuming, creating a barrier to immediate purchases.
Solution
Flux QR provides a mobile payment solution that enables customers to apply for instant credit directly from their smartphones, facilitating purchases without requiring a traditional credit card. Merchants benefit from increased sales by offering flexible payment options, receiving immediate payment while customers pay later in installments. The service eliminates the need for point-of-sale terminals, operating entirely through a mobile application.
Target Audience
The primary target audience includes merchants seeking to increase sales by offering flexible payment options and customers who lack credit cards or prefer installment payment plans.
Features
- Mobile application for instant credit application and approval
- QR code-based payment processing for seamless transactions
- Installment payment options for customers
- Immediate payment disbursement to merchants
- No point-of-sale terminal required
- Sales tracking and reporting dashboard for merchants
- Marketing materials and sales guides to promote the payment option to customers