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14,448 startups · 29 programs

Flux

Active · Cross border Payments infrastructure for internet businesses and…

WebsiteYC profile

Why it ranks

How the rank works
9signal of 100 · rising 2
  • team of 8Team size · YC's directory+4.9
  • went through YCProgram · this site+4

A sum of public facts, not a judgement and not investment advice.

Competitors

Developer toolsVertoShared: border payment, cross border, infrastructureYC W19LondonStartup →OtherPallaShared: border payment, cross border, p2pYC S21RemoteStartup →OtherFlutterwaveShared: payment infrastructure, accept payment, anywhereYC S16LagosStartup →OtherAcquiredPaystackShared: payment infrastructure, accept payment, mobile appYC W16LagosStartup →OtherInfinityShared: border payment, cross borderYC W24BengaluruStartup →
Companies closest to Flux
Company
VertoShared: border payment, cross border, infrastructureYC W19ActiveDevtools
PallaShared: border payment, cross border, p2pYC S21ActiveOther
FlutterwaveShared: payment infrastructure, accept payment, anywhereYC S16 +1ActiveOther
PaystackShared: payment infrastructure, accept payment, mobile appYC W16AcquiredOther
InfinityShared: border payment, cross borderYC W24ActiveOther

Adjacent

OtherLuoShared: border payment, cross borderEF 2024ParisStartup →OtherSALTShared: border payment, cross borderYC W22BengaluruStartup →OtherDodo PaymentsShared: border payment, cross border, merchantAntler 2024IndiaStartup →OtherHamsaShared: border payment, cross border, enabling500 Global 2020United StatesStartup →OtherTakenosShared: receive payment, cross border, crypto500 Global GA 18ArgentinaStartup →
Companies next to Flux
Company
LuoShared: border payment, cross borderEF 2024Not statedOther
SALTShared: border payment, cross borderYC W22ActiveOther
Dodo PaymentsShared: border payment, cross border, merchantAntler 2024Not statedOther
HamsaShared: border payment, cross border, enabling500 Global 2020Not statedOther
TakenosShared: receive payment, cross border, crypto500 Global GA 18Not statedOther

Also from W21

All of W21
Developer toolsCampA Nouns DAO governance clientYC W21StockholmStartup →Developer toolsQuicknodeInfrastructure and tools to build and scale blockchain applications.YC W21MiamiStartup →Developer toolsInactiveSlashAuthThe solution for fine-grained access control in web3YC W21San FranciscoStartup →Developer toolsSpruceIDSpruceID lets users control their data across the web.YC W21New York CityStartup →AIAcquiredTaoFiThe financial layer for decentralized AIYC W21San FranciscoStartup →AIAbacumThe AI-native FP&A platform that helps Finance teams drive business…YC W21New York CityStartup →
Company
CampA Nouns DAO governance clientteam of 3ActiveDevtools
QuicknodeInfrastructure and tools to build and scale blockchain applications.team of 115hiringActiveDevtools
SlashAuthThe solution for fine-grained access control in web3team of 3InactiveDevtools
SpruceIDSpruceID lets users control their data across the web.team of 25hiringActiveDevtools
TaoFiThe financial layer for decentralized AIteam of 11acquiredAcquiredAI
AbacumThe AI-native FP&A platform that helps Finance teams drive business…team of 125hiringActiveAI

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

YC batch
W21 · Winter 2021
Status, per YC
Active
Category
Other
Team size
8
Location
Lagos, LA, Nigeria; LA, Nigeria
Checked
7h ago

YC tags: DeFi, Crypto / Web3

Flux in W21: 336 companies, 30% AI

Flux: questions

Which YC batch was Flux in?

Flux was in Y Combinator's Winter 2021 batch (W21).

Is Flux still active?

Y Combinator lists Flux as active.

Where is Flux based?

Flux lists Lagos, LA, Nigeria; LA, Nigeria as its location on YC's directory.