Barclays TechStars alumnus Flux Is adding a new string to its bow with healthy food-to-go chain Pod.
Announced today, Flux will be starting a three-month trial with its second retail partner Pod, a healthy on-the-go food chain that is looking to go paperless.
When shopping at any Pod store, users from Flux’s partner banks will automatically receive a digital receipt for purchases made, and be awarded loyalty points as part of Pod’s rewards scheme. Flux’s current banking partners include digital banks Starling and Monzo via a closed trial, with the launch of its partnership with Barclays via its Launchpad customers expected imminently.
Founded by three former Revolut employees, the London-based fintech delivers real-time receipts, including item data and VAT, directly to the user’s mobile banking app by linking up its software through bank cards to the retailer’s point-of-sale (PoS) system. The news follows Flux’s first retail partnership with food chain EAT., available across 111 of its stores across the U.K. and with new retailers expected to be announced soon.
“In an era of contactless payment, we find it astounding that people must still rely on wasteful paper receipts and loyalty cards,” said Flux CEO Matty Cusden-Ross.
“With a strong culture of sustainability, we see pod as a natural partner for trialling the Flux digital loyalty and paperless receipts service. We look forward to making the trial a success and forming a lasting partnership with pod which benefits all of our customers.”
Pod will also be introducing an exclusive loyalty offer on one of its most popular dishes for Flux customers, where for each portion of scrambled eggs purchased using a partner bank’s card, users will collect a digital stamp within their banking app. After the fifth purchase, Flux will automatically reward the user with a free portion the next time they visit Pod.
Flux was granted authorisation by the Financial Conduct Authority (FCA) as an Account Information Services Provider (AISP) in January 2018, making all of its data sharing services now supervised by the FCA and accessible via Open Banking APIs.
Rosie Glencross, brand strategy manager at Pod said: “We are really excited to start our partnership with Flux. For a long time, we have been looking to digitalise our highly popular paper loyalty scheme but were hesitant about building our own app.
“Flux offers the perfect solution to not only reward our loyal customers with a highly secure and seamless experience at the till, but also to fulfill another of our key company objectives, which is to facilitate more environmentally friendly behaviours. We know that our customers care about the environment and so do we.”