Flux provides a global digital wallet service enabling users to send and receive money instantly across numerous international borders. The platform facilitates everyday transactions, including peer-to-peer payments, utility bill payments, and global purchases. Users can also hold and save funds in USD or EUR denominations within the application.
Funding
$125K 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.
ODFounders
Product
Problem
Cross-border money transfers often involve high fees, unfavorable exchange rates, and complex processes, especially when using traditional banking systems or money transfer services. Many individuals lack access to convenient and affordable methods for sending and receiving funds internationally, particularly in regions with limited banking infrastructure.
Solution
Flux provides a mobile platform that enables users to send and receive money instantly across more than 40 countries via mobile money and digital wallets, bypassing traditional banking fees. The platform also offers virtual dollar cards for secure online spending, allowing users to make payments on international websites. Additionally, Flux facilitates cryptocurrency investments and allows users to store cash in stable currencies like dollars and euros, providing a comprehensive solution for international finance and investment.
Target Audience
The primary target audience includes individuals who frequently send or receive money internationally, those seeking secure online payment methods, and users interested in cryptocurrency investments and stable currency storage.
Features
- Instant money transfers to over 40 countries using mobile money and digital wallets
- Virtual dollar cards for secure online payments on international websites
- Free local money transfers to local banks and other Flux users
- Cryptocurrency investment options with support for over 90 cryptocurrencies
- Option to store cash in stable currencies like dollars and euros
- No account maintenance charges or hidden fees for local transfers
- End-to-end encryption and partnerships with licensed payment service providers for security