Little Rock Fintech Startup Unveils Global Currency Exchange Platform

Little Rock-based startup LumoXchange, one of the first tenants of the city’s Technology Park and an initial graduate of the Venture Center’s FinTech Accelerator program, laid claim Wednesday of being the world’s first currency exchange operator in a market now dominated by industry giants Western Union and MoneyGram.

LumoXchange CEO Maf Sonko, before a Little Rock Chamber of Commerce audience that included Gov. Asa Hutchinson, Arkansas Economic Development Director Mike Preston and Little Rock Mayor Mark Stodola, said his financial technology firm created the first monetary marketplace that lets user pick their exchange rates and send money anywhere across the globe.

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