Flux scores $7.5 million funding round

Flux scores $7.5 million funding round

Digital receipt startup Flux has raised $7.5 million in Series A funding led by venture capital firm e-ventures with participation from existing backers PROfounders and Anthemis.

Flux plugs into banking apps and is currently available for customers of Barclays via Launchpad, Starling Bank and an alpha group of Monzo Bank. Customers linked to the app receive digital receipts and loyalty coupons from retailers signed up for the service.

Retail partners currently include brands like Pure, Costa Coffee, EAT., post and itsu.

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.”

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