Product

Flux is a mobile app that enables users to access banking(deposit accounts and instant bank transfers), crypto services( onramp and off ramps, swaps), merchants and bills payments in one place.

Problem Flux solves

Cross border payments- Traditional fiat rails for cross border payments can be slow(takes 4-7 working days ), expensive(about 10-15% fees to receive payments) and also can be complex(might need 2-3 apps + middleman before final off ramp to bank). Paypal and many other remittance platforms that easily solves this problem are not s

Crypto- With crypto adoption quickly rising in Africa , stables have become a great way for people to edge against inflation and devaluation of our local currency. However most crypto platforms are built mostly as trading only and crypto exchange platforms which is extremely complex for non crypto power users that just want to access basic services like on ramp/offramp and this difficulty hinders adoption.

How Flux solves these

Flux uses crypto and fiat to power local payments and  cross border payments, when users signup and upon successful KYC, users can access banking services like fiat deposit accounts, bank transfers , virtual cards and bills payments. Our banking services allows users to make payments to merchants locally using either fiat or crypto balance , send money to friends, pay bills or access a virtual card service. We have built a perfect ecosystem where users can transact easily using either fiat or crypto balance. 

Users can also receive payments via supported crypto in app and instantly off-ramping to their banks , this serves as a mean of cross border payments for freelancers, remote workers that use our app for crypto based payments. 

To drive adoption with our customers we built a perfect blend for both the fiat and crypto everyday use cases.

Flux will integrate stellar to power payments via the app where customers can onramp/off ramp stellar to wallet and directly to bank, build support for bills payments, virtual cards funding and direct merchants payments using stellar.

[Deliverable 1]

Description

Design the user interface for for Stellar support across different features functionalities

Onramp- User interface design for onramp fiat to stellar 

offramp- design user interface for stellar direct offramp( Stellar to bank account, stellar to fiat wallet)

Merchant payments- design user interface for making merchants payment via stellar(offramp direct to merchants bank)

Build API to support the stellar chain(deposits, send outs) on sandbox environment

Build the mobile app to for the sandbox testing environment

How to measure completion:

Reviewer will be given access to the design files that shows all the mentioned features

Reviewer will be sent a sandbox  app invite where he can try out deposits and withdrawals of stellar tokens on the app.

Estimated date of completion : 25/10/2023

Budget: $5000

[Deliverable 2]

Description

For deliverable 2 we will build some of the core functionalities like onramp , offramp, bills payments and live app integration 

Build bank integration API for onramp  fiat to stellar

Build banking integration API for offramp directly  from stellar to bank

Build API for directly paying for utility bills using stellar

Build mobile app interface for onramp fiat to stellar and integrate the backend API

Build mobile app interface for offramp and integrate backend API

Build mobile app interface for using stellar to  directly pay for utility bills and integrate backend API

How to measure completion:

Reviewer will be sent app invite to test fiat onramp, offramp, and bills payments live on the app

Estimated date of completion: 1/12/2023

Budget: $13,000

[Deliverable 3]

Description

For deliverable 3  we will add more stellar functionality into the app like allowing cross chain swaps, Stellar-BTC, BTC-Stellar, Stellar-USDT, USDT- Stellar

Build core functionality to support stellar cross chain swapping

Build API for cross chain swapping

Build mobile app interface for cross chain swapping

Integrate API into mobile app for cross chain swapping

How to measure completion:

Reviewer will be sent app invite to test deposit, swapping between stellar and other protocols like bitcoin, USDT, Ethereum

Estimated date of completion: 9/12/2023

Budget: $15,000

[Deliverable 4]

Description

For deliverable 4 we will be building support for more utilities like using stellar to fund virtual cards, onramp from Virtual card to stellar, offramp directly from stellar to pay merchant(merchant receives payment settled in fiat). Also migrating everything built to production and setting up dev ops and security infrastructure for for production environment

Build core backend API functionality for funding virtual card using stellar balance

Build core backend API functionality for withdrawing from virtual USD card back to stellar

Build core backend  API functionality for onramp from stellar directly to merchants bank

Build mobile app interface and integrate API for stellar - Merchants bank payments

Build mobile app interface for funding virtual card from stellar 

Build mobile app interface for withdrawing from virtual card balance back to stellar

Integrate API for funding and withdrawing funds from virtual card to stellar

Setup dev ops environment and migrate from sandbox to live environment

How to measure completion:

Reviewer will be sent app invite to try out funding and withdrawing from virtual cards directly to and from stellar

Reviewer will be able to use app and tokens in live environments and test all the feature functionalities with live tokens

also app will be live on both app store and play store for all 50k+ users

Estimated date of completion: 28/12/2023

Budget: $17,000

Ben Eluan cofounder and CEO https://www.linkedin.com/in/ben-eluan Ben is the Cofounder and CEO of Flux, Under Ben's leadership, Flux has become a pioneer in the field of fiat and cryptocurrency banking in Africa. Flux is on a mission to provide individuals and businesses to seamlessly navigate the world of finance by offering a c platform that combines the benefits of traditional banking with the disruptive power of cryptocurrencies. Flux facilitates faster and more cost-effective local transfers, and also allow people to do more with crypto currencies. By leveraging blockchain technology, Flux will has eliminate many of the challenges with with cross-border transactions, enabling users to send and receive funds with unprecedented speed and affordability. Ben also leads kriptup.io an API Infrastructure that provides fiat and crypto wallet services for developers and businesses as chief product architect. Kripts vision is to power businesses and devs that want to integrate fiat or crypto wallet infra into their platforms with support for Africa.

Osezele Orukpe Cofounder and CTO https://www.linkedin.com/in/osezele-orukpe-1a37a9167 Osezele is the CTO and Cofounder of Flux. Osezele is in charge of building, managing and maintaining the technology infrastructure of Flux. Osezele built the core banking, crypto wallet and exchange service of our platform. Osezele is proficient in building different technology software across fintech, blockchain, Cloud, social media and E-commerce. osezeles skills span across python(Django, flask,FastAPI), Golang,kotlin, kubernete, TDD, Node js, solidity

Akintunde Israel
Cofounder and Vp Engineering

https://www.linkedin.com/in/israel-akintunde

Israel plays a crucial role in guiding the technical teams to deliver robust, innovative, and user-friendly solutions. His leadership ensures that the engineering department aligns with the Flux's vision, offering a perfect blend of fiat and cryptocurrency services.

Boasting over 8 years as a senior frontend engineer/mobile engineer, Israel's depth in JavaScript and TypeScript has significantly influenced the frontend development at Flux.

Israel's expertise spans:

Frameworks:Proficient in ReactJS, VueJS, and the Flux architecture, he drives a consistent and modern user experience.

Styling: Skilled in LessCSS, Sass, and CSS-in-JS, Israel champions a unified and engaging visual design.

Optimization: Committed to Performance and SE Optimization, he ensures the platform operates swiftly and efficiently.

Testing & Accessibility: Emphasizing E2E Testing, Software Testing, and Accessibility Auditing, Israel ensures a platform that is both high-quality and inclusive.

Backend Integration: With a grasp of NodeJS, he ensures seamless communication between frontend and backend teams, promoting integrated solutions.

At Flux, Israel Akintunde's leadership in engineering is shaping a dynamic and reliable banking future.