Retailer digital receipts have catapulted from 1 to 11 million since 2019.
- A football stadium of customers (36,000) sign up every month via Flux's banking partners' apps: Barclays, Monzo, Dozens, and Starling Bank
- On average, 700,000 receipts are being digitised every month by Flux
- Flux has more than doubled its retailer partnerships since summer 2021 - growing by 112% - indicating a demand for its unique features and services
- Flux hints at an imminent huge brand collaboration that will significantly extend the availability of its product 'Flux Offers' in the UK
Monday, 28 February 2022, London. Flux - the UK's leading digital receipts and offers platform - today announces that more than one million money-savvy customers are now using its services in the UK.
The significant milestone comes as Flux's COO and co-founder, Veronique Merriam Barbosa, has stepped up to become the new CEO, taking over the day-to-day running of the business. Current CEO, Matty Cusden-Ross, has taken on the role of President, advising and guiding Flux through its mission to liberate the world's receipt data.
With an average of 36,000 customers joining the digital receipts network every month, Flux is seeing a significant acceleration of its product adoption. With its network continually expanding, Flux is extending its reach by introducing new products that leverage its core receipts infrastructure to deliver value to consumers and retailers. First, it is Flux Offers-a direct-to-customer cashback offers platform.
Launched in October 2021, Flux Offers is already seeing 12% month-on-month customer growth. Flux Offers also provides compelling features and capabilities for retailers, such as offering customers rewards on specific categories or excluding sale items from promotions, helping to avoid double discounting and ensuring a high return on investment from promotions.
Partnerships with retailers like H&M, schuh, Just Eat, itsu, Papa Johns, and KFC and top UK banks like Barclays, Monzo, and Starling Bank have helped Flux become a dominant and trusted player in the digital receipt and offers space.
Veronique Merriam Barbosa, CEO, and co-founder of Flux, adds:
"More than one million customers is an incredible milestone for Flux, and we are so proud of it. When we set out to disrupt the payments industry by building out a brand new infrastructure to digitise receipts, we knew it would be challenging. We needed to connect big retailers and big banks to buy into our revolutionary proposition - but we made it happen. I'm humbled by the number of people across the country actively choosing to opt-in every single month. That validation and adoption motivates and fuels our team in making digital receipts and our additional products a reality. Our customer and receipts milestones have now set us up for success as we move forward in scaling Flux's business model and delivering value back to our consumers, banks and retailers. Stay tuned for what's to come!"
William Boocock, Head of Marketplace and Banking Support at Starling Bank, adds:
"Just like Starling Bank, Flux is disrupting the payments sector, and helping people better manage their money. That's why in 2017 we made them the first partner of our Marketplace, which connects our customers with useful financial products and services. Both Starling and Flux have grown enormously in that time, showing the demand that exists for digital money-management tools."
About Flux
Flux is a digital receipt and offers a platform that lives inside your banking app and is accessible directly via www.fluxoffers.com. Activating Flux takes seconds, with just a couple of taps in your banking app. From that moment on, you'll get digital receipts in real-time next to your in-app transactions. Flux is completely seamless for both customers and retailers, requiring no additional apps, QR codes, or sharing email addresses at the point of checkout. Flux has partnered with retailers like H&M, Papa Johns, Just Eat, KFC, schuh, and itsu - full list of retail partners here - with several more retailers announcing over the year. On the bank side, it's currently available for Barclays, Monzo, Starling Bank, and Dozens customers.
Visit www.tryflux.com for more information.
