Loading organizations...
§ Private Profile · Stockholm, Stockholms Lan, Sweden
MAJORITY is a technology company.
MAJORITY provides a mobile-first, subscription-based financial platform tailored for international communities in the United States. It offers digital banking services, including an FDIC-insured debit card, alongside mobile phone top-ups and international money transfers. This integrated approach simplifies essential financial management for its migrant user base.
Founded in 2019, MAJORITY originated in Sweden from a diverse team with extensive fintech, payments, and telecommunications backgrounds. Leveraging decades serving global migrant communities, their core insight was the critical need for a specialized financial platform directly addressing the unique challenges newcomers face when establishing life in a new country.
The platform serves migrants and international communities in the U.S., offering accessible financial tools. MAJORITY’s vision is to empower these individuals with resources and support, enabling them to manage finances and thrive within their new environment. The company continually evolves its offerings, promoting financial inclusion.
MAJORITY has raised $156.3M across 7 funding rounds.
MAJORITY has raised $156.3M in total across 7 funding rounds.
MAJORITY has raised $156.3M across 7 funding rounds. Most recently, it raised $20.0M Debt / Other Equity in May 2024.
Majority is a Miami-based fintech company building a banking platform tailored for immigrants and migrants. It offers a $5.99 monthly membership that includes a bank account, debit card, community discounts, and low-cost international money transfers.[1] The platform solves financial access challenges for newcomers by providing essential banking services, serving primarily immigrant communities, and demonstrating strong growth through 3x revenue increases over three years, expansion to 80 employees, and over $90 million in total equity funding.[1][4]
Majority was founded by CEO Magnus Larsson, with TechCrunch tracking its journey since a $19 million seed round in 2021. The company progressed with a $27 million Series A and multiple Series B tranches, including $9.75 million in 2023 and a recent $20 million round ($12.5 million equity led by fintech founders like Klarna's Victor Jacobsson, plus $7.5 million debt).[1] Early traction stemmed from addressing migrant banking needs, leading to rapid scaling; Larsson recently hired Abhi Pabba, ex-Apple Card credit risk manager, as chief risk officer to support product expansion.[1] The Miami focus ties into local tech growth, with Larsson discussing fintech's future and stablecoin bets.[4]
Majority rides the fintech wave targeting underserved immigrant populations amid rising global migration and remittance markets (projected to serve millions).[1] Timing aligns with post-pandemic digital banking adoption and stablecoin innovations, reducing transfer costs in a sector where migrants send billions home annually; Majority influences by proving scalable models for niche banking, potentially inspiring ecosystem-wide inclusion efforts.[1][4] Its Miami base leverages #MiamiTech's rise, contributing to U.S. fintech hubs while challenging incumbents on pricing and accessibility.[4]
Majority is poised for aggressive expansion, with product launches possibly in 2025, stablecoin integration, and a push toward 300 million users by enhancing thriving tools for migrants.[1][4] Trends like crypto remittances and AI-driven risk will shape its path, amplifying influence in inclusive fintech amid regulatory tailwinds. As a growth engine for immigrant success, Majority exemplifies how targeted tech platforms can redefine financial access at scale.[1]
MAJORITY has raised $156.3M in total across 7 funding rounds.
MAJORITY's investors include Hjalmar Winbladh, Victor Jacobsson, Adrian Rocca, Jacob De Geer, Jonathan McCain, Magnus Nilsson, Wayne Pommen, Avid Ventures, Heartcore Capital, Valar Ventures, Airtree Ventures, Andreessen Horowitz.