Majority, a Miami, Florida-based company that offers international services and mobile banking to immigrants living in the US, has secured $20 million in investment.
Investors
- A group of fintech founders
- co-founder of Klarna Victor Jacobsson
- serial Swedish entrepreneur Hjalmar Winbladh
- Magnus Nilsson and Jacob de Geer, co-founders of Izettle
- Valar Ventures
- Heartcore Capital
- Avid Ventures
Use of funds
The firm plans to improve its worldwide immigrant-focused service for its customers with the money in order to further extend the product.
Majority also announced the appointment of Abhi Pabba as Chief Risk Officer in addition to the financing.
About Majority
Majority, under the direction of CEO Magnus Larsson, offers a digital platform with international services, mobile banking, and other features specifically for the benefit of migrants. Its members in the US can get an FDIC-insured account, a Visa® debit card, access to over 55,000 ATMs nationwide, international and remittance calling, in-person native language advisors, and a network of community meet-up places, local discounts, and events for $5.99 a month.
