Flux

Active

Cross border Payments infrastructure for internet businesses and…

Winter 2021Founded 20208 peopleLagos, LA, Nigeria; LA, Nigeria

iflux.app ↗X ↗Crunchbase ↗See on the Idea Map Fintech momentum

About

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

From their website

as of Jun 7, 2026iflux.app ↗

SaaSFree

Flux provides cross-border payments infrastructure and a mobile app that lets users send and receive money, pay with virtual cards, and bank or invest within a single platform. It emphasizes free local transfers, virtual dollar cards for online spending, and crypto investment options alongside traditional cash storage.

Users can send money instantly to others and across countries, spend using virtual dollar cards on websites, bank money transfers to local banks with no fees, and invest by buying 90+ cryptocurrencies and storing cash in dollars or euros for a fixed duration. The app supports sending/receiving money via Flux wallet or mobile money, creating and managing virtual cards (freeze, unfreeze, terminate), and performing secure online payments. The service markets itself as a unified app for sending, spending, banking, and investing with a focus on free local transfers and cross-border capability.

Who it’s for: Internet businesses and individual users seeking cross-border payments, online spending with virtual cards, and unified financial services in a single app.

Features