Monzo links up with Flux to add receipts and rewards

Monzo Flux EatUK challenger bank Monzo has teamed up with Flux, a fintech startup, to bring digitised receipts and rewards to the Monzo app when customers make purchases at select food chains.

Monzo customers will be able to link their account with Flux to have digital receipts, rewards, and loyalty points delivered in real-time when they spend at Costa, Eat, Itsu, Pod, and Pure using their Monzo card.

“At Monzo, our goal is to give people more visibility and control over their money. And partnering with Flux helps us do that,” said Tom Blomfield, CEO and co-founder of Monzo. “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.”

For now, Flux is focusing on building receipt infrastructure, but it aims to use its platform for receipt data to provide consumers with more enriched experiences, such as card-linked loyalty. Furthermore, it intends to create an industry standard platform this year.

“Flux’s mission is to liberate the world’s receipt data in order to enrich trillions of experiences globally,” said Matty Cusden-Ross, CEO and founder of Flux. “Today we’re excited to be expanding our partnership with Monzo to bring automated receipts and rewards to even more people. Monzo shares 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”