Barclays will today take its relationship with digital receipts startup Flux one step further by acquiring a minority stake in the London tech firm. The startup said Barclays will also soon begin an expansion of its ongoing partnership with Flux to reach its entire UK mobile banking customer base, after a successful trial period on Barclays' beta programme Launchpad. Flux connects banks with merchants to provide users with a digital version of their receipt, and recently signed deals with Papa Johns, Just Eat and KFC. In 2019, Flux grew from 30,000 receipts to surpassing 1.2m transactions. Boss Matty Cusden-Ross told City A.M. the startup is not actively fundraising for its next round, but is having conversations with new investors in the UK and the US.

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