We d program instead of going to classes, and work on software through the night, Eluan said.
Flux is a cryptocurrency remittance app. It lets users convert sovereign currencies into crypto and then send those funds overseas, claiming to make the process of international cash transfers faster and more efficient.
The original idea for Flux came about when the four students were getting paid for a small programming project they had worked on outside of college. However, the money was being transferred from the U.K. in British sterling, which Eluan said took almost a full week to go through it was 2019, sending money should not be difficult.
The co-founder and chief executive of Nigerian fintech Flux says dropping out of college helped to pave the way for the launch of a new crypto payments company, one that has since been backed by renowned start-up accelerator Y-Combinator.
Ben Eluan started Flux with Osezele Orukpe, Akintunde Israel and Ayomide Lasaki in 2019. They’d met as freshman students studying different engineering and computer science courses at Nigeria’s Obafemi Awolowo University, bonding over their shared interest in software programming.
Many of OAU’s alumni go into jobs for big technology companies in Africa, or have even launched their own start-ups, Eluan told CNBC on a telephone call.