Flux
Flux, formerly known as Flux QR, is a fintech company based in Mexico City that offers instant-issuing and payment acceptance solutions for consumer credit products, aiming to increase merchant sales with new payment methods.
Company History
Flux, previously known as Flux QR, is a fintech company that started operations in Mexico City, CDMX, Mexico. The company participated in the S19 Y-Combinator batch, aiming to transform the payment services industry in Latin America. Flux focused on easing the barrier for consumers and merchants alike by offering new, streamlined payment solutions.
Fintech Services
Flux is a fintech firm that offers an instant-issuing and payment acceptance solution specifically designed for consumer credit products. Their platform enables customers to apply for credit directly from their mobile devices and select the most convenient repayment terms upon approval. This flexibility is intended to boost merchant sales, increasing the average transaction value by over 40% per ticket and up to 20% in total.
Payment Solutions for Merchants
Flux provides a payment terminal designed for alternative credit methods, catering to retailers who accept non-card payments. Merchants can receive payments directly into their bank accounts, paying only a small commission per sale. The setup process has no starting cost and is described as straightforward. Additionally, merchants are provided with sales materials and guidelines to educate customers about various payment possibilities.
Mobile App Availability
Flux offers a mobile application that users can download from both the App Store and Google Play. The app facilitates the credit application process for customers and manages convenient repayment terms for approved credits. This mobile accessibility aims to streamline the user experience and broaden the reach of Flux’s payment solutions.
Target Regions and Team
Flux operates in regions including Mexico, Latin America, and offers both remote and partly remote working arrangements. The company's workforce consists of a small, dedicated team of 9 professionals working to revolutionize payment processing in the fintech sub-industry of payments.