banking

SFU startup helps international students save money on tuition transfers

By: Andrew Ng For international students at SFU, every year can mean huge sums are spent on monetary transfers for tuition from their countries of origin to Canada. This is what led Mehdi Naseri, a PhD student in SFU’s faculty of applied sciences, to create Rmoney Financial Inc., a startup venture backed by the university’s Coast Capital Savings Venture Connection program based at the Surrey campus. “Transfers can be painful [for international students],” Naseri explained. A student can transfer a sum of money from their country of origin, and find that up to 7% of the money sent has disappeared…

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