Monzo x Flux: The Launch

Yesterday Flux, the receipt infrastructure company, and Monzo, the challenger bank, had a party.

The cause for celebration was their partnership or as some say “the future of banking and receipts.” In simpler words, the two are collaborating to allow customers to collect digital receipts and loyalty points instantly. Monzo’s ~1.5m customers will be able to see exactly what they’ve bought when they shop at Flux enabled merchants.

“Flux’s mission is to liberate the worlds’ receipt data in order to enrich trillions of experiences globally. Today we’re excited to be expanding our partnership with Monzo to bring automated receipts and rewards to even more people. Monzo share our vision of the future and as Flux continues to scale across bigger and bigger merchants we can’t wait to make Flux available everywhere.” – Flux CEO and Founder Matty Cusden-Ross.

“At Monzo, our goal is to give people more visibility and control over their money. And partnering with Flux helps us do that. Now, when Monzo customers shop at popular retailers, they’ll be able to see a total view of their transactions and earn rewards when they spend, without having to keep track of paper receipts and loyalty cards.” – Monzo CEO and Cofounder Tom Blomfield.

Bottom Line: Monzo joins a list of partners including: Costa, pod, EAT., Barclays and Starling Bank.