Flux Analysis: $10M Raised
What is Flux?
Flux is a financial app enabling secure sending, spending, banking, and investing, with features for instant money transfers and virtual dollar card creation.
Employees
9
Founded
2018
Revenue
$8.6M
Product Features & Capabilities
- Send & receive money instantly, create virtual dollar cards, unlimited free local bank transfers, buy and store 90+ cryptocurrencies, secure online payments, no account maintenance charges, free account setup.
Pricing
- Setting up a Flux account is free and does not require a minimum deposit.
- All local cash transfers are free on Flux, with no hidden charges or maintenance fees.
How much Flux raised
May 20, 2021 - $10.3M
Lead Investor: Distributed Global, Coinbase Ventures, CoinFund
Investors
- Ellen Levy
- Uncork Capital
- Archetype Ventures
- Aozora Corporate Investment
- Orange DAO
- Y Combinator
- Flori Ventures
- Hustle Fund
- Mozilla
Market Focus
Flux primarily focuses on the financial technology (fintech) industry, providing services for sending, spending, banking, and investing securely through its app.
Competitors Overview
Flux operates in a competitive landscape with several notable rivals in the financial app market. The main competitors include:
- Afriex: Based in Houston, TX, Afriex focuses on cross-border payments, allowing users to send money internationally with low fees. Its advantage lies in its special
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