Flux's management team Tom Reay, Matty Cusden-Ross and Veronique Barbosa.
Flux to reach 1m digital receipt milestone by 2020
Flux was also named Web Summit’s No.1 most-requested startup for investors to meet.
An incredible achievement given the group started 2019 with fewer than 50,000 receipts delivered.
“To find ourselves approaching the millionth receipt mark just ten months on is incredible,” said Matty Cusden-Ross, CEO and founder of Flux.
“The number of receipts we’re delivering is a clear indication of Flux’s usefulness to customers and our retail partners who are working to go paperless—so 1m is exciting! We’re humbled and immensely grateful to all of our partners and customers who have joined us on this journey so far, and we can’t wait to see what 2020 brings for Flux.”
Flux sits in between banks, payment providers and retailers, using its matching algorithm to associate individual products purchased with transactions in your mobile banking app.
The result is a per item digital receipt, valid for returns and some of which are valid for VAT calculations.