Lumenwire was born out of discriminatory experiences with financial institutions.
Sending money between developed and growing economies has been challenging for many immigrants, refugees, and international students. The banks claim “we treat everybody equally” regardless of their ethnicity. That’s far from reality.
Lumenwire removes all discrimination, letting people send money abroad at lowest possible true cost regardless of their ethnicity.
Mehdi and Peyman were both university students at Simon Fraser University who had experienced great hardship in receiving financial support from their families in Iran. There was simply no safe way for them to access their parents’ hard-earned money that was generously made available to them. This was because banks refused to facilitate financial transactions between Iran and Canada to save costs.
Many families worked hard to help educate their children, feed their families, or keep a roof over their heads. Mehdi and Peyman believed that everybody had the right to safe, secure, and low-cost money transfer. So they brought it onto themselves to create a legitimate, transparent, equitable, and convenient platform for international money transfer under the supervision of the Canadian financial authorities.