Flux

Flux, initially named Blueloop, operates from Lagos, LA, Nigeria, and is a key player in the fintech industry, focusing on the payments sub-sector. Founded on September 30, 2021, and part of the Y Combinator W21 batch, Flux has a dedicated team of eight members. The company offers a mobile application designed to facilitate merchants, freelancers, and regular users in making and accepting payments worldwide, supporting both crypto and fiat currencies. This service is particularly beneficial in regions where popular payment platforms like PayPal, Venmo, CashApp, or Square are not available. Flux aims to minimize transaction fees and provides a fast reconciliation feature that converts crypto payments into fiat, enabling immediate use without the need for currency exchange. Currently, Flux serves a diverse clientele across Nigeria and Africa, and also caters to users remotely or in partly remote regions.