29 January 2020

Barclays takes a stake in Flux

Written By FinTech Alliance

Barclays takes a stake in Flux

Barclays has acquired a minority stake in London based FinTech Flux

In Brief:

  • Flux offers a digital receipt service, connecting banks and merchants.

  • It’s currently used by merchants like JustEat and KFC, and banks Monzo and Starling.

  • In the past year Flux has processes 1.2mn transactions.

What does this mean?

This is an extension of Barclays’ existing partnership with Flux, which started when Flux was part of the Rise accelerator programme in 2017. Following a trial period, Flux’s service will now be expanded to reach the bank’s entire UK customer base.

Read more here.


Up Next ...
23 July 2021

Ask a FinTech: Has FinTech paved the way for millennials to turn saving into investing?

Personal finance apps are making savings easier, and have brought ...

23 July 2021

ANZ spins off venture and incubator business 

ANZ has decided to make its venture and incubation business ...

23 July 2021

Visa is snapping up Currencycloud

Payments giant Visa has agreed to buy global foreign exchange ...

23 July 2021

Spendesk raises €100mn

Spendesk, a French money management platform, has raised €100mn Series ...

More in Payments

Pomelo Pay: Payments to power recovery...

23 June 2021

The global pandemic highlighted the need for digital payments – ...

Posted By The Community

PayXpert and 365 Business Finance form an alliance to bring easy financing for SMEs

07 June 2021

EU-based payment solutions provider PayXpert has formed a new strategic partnership with lender 365...

Written By: Payxpert Ltd

Posted By The Community

PayXpert, the best eCommerce integration with payment gateways

13 April 2021

The PayXpert online payment gateway, together with the central dashboard and their Connect2pay payme...

Written By: Payxpert Ltd

Posted By The Community

The end of universal banking: why success in fintech relies on specialists

23 March 2021

With competition increasing and new business models being introduced, FinTechs ...

Written By: Moorwand

White Papers Payments

Make payment optimization a part of your core payment strategy

14 July 2021

According to the Federal Reserve Bank of San Francisco 62% of purchase transactions in 2018 came in...

Articles Payments

PSD2 SCA: How ready are issuers?

22 June 2021

The revised Payment Services Directive (PSD2) is now live in Europe and the biggest question on ever...

There are no Events in this category