FinTech startup Flux partners with Barclays to trial digital receipts
UK FinTech firm Flux, winner of ‘Best Pitch’ at UKTN’s Elevator Pitch LIVE competition, has partnered with Barclays to trial instant digital receipts with 10,000 customers.
The pilot will also see both parties work together to allow major retailers to deliver receipts digitally.
Barclays will be trialling the service through its Launchpad app, its platform for testing new features with real customers.
It comes after Flux, which has already collaborated with Starling Bank and graduated from Barclay’s Techstars, announced the closure of a $1.5m round from PROfounders, Anthemis, Force Over Mass and angels.
Michael Harte, group head of innovation at Barclays, said “Through the Group Innovation Office and Rise, our open innovation community, we continue to partner with FinTechs to experiment and test new ideas. We are delighted to be trialing Flux technology as part of our ongoing efforts to improve the experience we offer our customers.”
Matty Cusden-Ross, co-founder and CEO of Flux, said: “We believe that Flux is the next biggest innovation for retail payments since contactless. Nobody wants to keep track of hundreds of bits of paper in the 21st century.
“We are determined to digitise the world’s receipts by linking to how customers pay anyways so we don’t change behavior at checkout. We are excited to demonstrate the benefits of Flux to Barclays customers.”
Flux was co-founded by Cusden-Ross, Veronique Barbosa and Tom Reay after worked together at fellow FinTech company Revolut.