Two software engineers, Ben Eluan and Osezele Orukpe, have founded a crypto remittance company, Flux, to provide seamless payment transactions across the world.
The two engineers were students of the Obafemi Awolowo University, Ife, Osun state.
In an interview with TechCrunch, Eluan disclosed that, like Microsoft’s Bill Gates, they did not graduate from the university before discovering their talent.
“We dropped out to focus on our start-up and scaling it into a $1bn company. We believe the opportunity here is huge. So for us, the right thing is to get the job done well. Start-ups need time, so dropping out was inevitable.
“The gig economy and the service economy for small business economy is very massive, and we care about it enough to dedicate all our time into building payments for Africa,” he stated.
This innovation stemmed out of the need to solve the problem of exorbitant fees and slow deposit times present in the remittance business.
He added, “The crypto remittance company was built to enable merchants send and receive money from anywhere in the world.”
They are the first set of young Africans to drop out of school to focus on a start-up company and to get into Y Combinator, a company that provides seed funding for start-ups.
“We are excited about that, and it simply means that brilliant young people in Nigeria and Africa can definitely go ahead to build stuff and get funded too, just like founders from the United States,” he said.
