Flux YC Başvurusu

Winter 2021Active

Flux, Fintech şirketi olarak Winter 2021 grubunda Y Combinator'dan geçti. Aşağıda: şirketin ne yaptığı, kimin kurduğu ve gerçek YC formunda yeniden yapılandırılmış YC başvurusu.

YC grubu: Winter 2021
Sektör: FintechPayments
Ekip büyüklüğü: 8
Durum: Active
Lansmanı Yapıldı: 2021

Kurucular

Israel Akintunde
Osezele Orukpe
Ben Eluan

Flux ne yapar

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

Flux'in YC başvurusu, yeniden yapılandırılmış

Y Combinator başvurusu

Flux, Winter 2021 dönemi. Gerçek form soruları, herkese açık verilerden yanıtlandı.

Founders2
Company7
Progress7
Idea4
Equity3
Curious2
Batch Preference1

Company

Company name

Flux

Describe what your company does in 50 characters or less.

Cross border Payments infrastructure

What is your company going to make? Please describe your product and what it does or will do.

We built Flux, a mobile app that allows merchants, freelancers, and regular users in Africa to send and receive payments globally using crypto or fiat. The app creates wallets tied to phone numbers, enabling users to accept payments without needing exchanges or complex crypto addresses. Crypto received converts instantly to fiat and is available for spending right away, solving the problem of high fees and currency instability in our region.

Where do you live now, and where would the company be based after YC?

We live and work in Lagos, Nigeria and the company is based there now and would remain there after YC.

Explain your decision regarding location.

Lagos is where the market is. Nigeria has no PayPal, Venmo, or CashApp for most people. The local currency fluctuates more than bitcoin, so Flux solves a real need for African merchants and freelancers who want simple, fast, low-fee payments globally.

Tam başvuruda 21 ek cevap

Founders, Progress, Idea, Equity, Curious, Batch Preference tam sürümde. YC Insights'ta, diğer her YC grubu yanında açmak için ücretsiz bir hesap oluşturun.

Tüm başvuruyu gör

Sıkça Sorulan Sorular

Bu, Flux şirketinin gerçek YC başvurusu mu?

Hayır. Y Combinator gönderilen başvuruları gizli tutar. Bu bir yeniden yapılandırmadır: gerçek YC form soruları, Flux'in kamuya açık verilerinden (lansman notları, kurucu geçmişleri, ürün açıklaması) yanıtlanmıştır. Flux gibi bir şirketin YC'ye kendisini nasıl sunacağını gösterir, gönderdikleri metni değil.