Flux

Flux

Cross border Payments infrastructure for internet businesses and…

Lagos, Nigeria
8 employees
DeFi
Seed · $202K

About Flux

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 order for merchants to receive money in crypto and exchange it into fiat they resort to crypto exchange apps and crypto addresses to receive payments which is a very complicated and expensive process. Merchants want to be paid quickly with the lowest amount of fees possible. This is why we are building Flux

Company details

Team Size8
LocationLagos, Nigeria
IndustryDeFi

Funding

Total raised

$202K

Last stage

Seed

Investors

Y Combinator
Hustle Fund
MMozilla
FFlori Ventures
OOrange DAO

Founders

OO

Osezele Orukpe

C.T.O @ Blueloop Inc

Ben Eluan

Ben Eluan

Co-founder and CEO of Flux; dropped out of Obafemi Awolowo University (OAU) in Nigeria to build Flux full-time. Met co-founders as freshman engineering students at OAU.

LinkedIn
IA

Israel Akintunde

Co-founder and VP of Engineering at Flux; met the other founders as a freshman at Obafemi Awolowo University.

What happens next.

No applications, no recruiter spam. Just the intro.

01

Confirm the fit

A few questions to make sure this role is the right shape for you. Two minutes.

02

I pitch you to the company

I write the intro, send it to the founder, and handle the back-and-forth.

03

A meeting lands on your calendar

If they’re a yes, I book the chat. You show up — that’s the whole job-hunt.