Platform Engineer (DevOps)
MajoritySalary not specified
- Full Time
- Junior (1 to 2 years)
About Majority
MAJORITY provides a mobile banking solution tailored for migrants, offering services like international money transfers, mobile top-ups, and personalized financial advice. The mobile app enables users to send money abroad without fees, save money, and make free international calls to over 20 countries. MAJORITY addresses the specific financial challenges faced by migrants, such as high transfer fees and limited access to traditional banking. Unlike competitors, MAJORITY focuses on a niche market, providing multilingual customer support and fostering a community among users. The company's goal is to simplify banking for migrants, helping them manage their finances and stay connected with their families.
Stockholms kommun, SwedenHeadquarters
2019Year Founded
$95.6MTotal Funding
DEBTCompany Stage
Consumer Software, FintechIndustries
51-200Employees
Risks
Emerging competition from niche digital banks could challenge MAJORITY's market share.
Regulatory scrutiny on account opening requirements may impact MAJORITY's customer acquisition.
Geopolitical risks at the Texas border could affect MAJORITY's operations.
Differentiation
MAJORITY offers a unique banking solution tailored specifically for migrants.
The company provides multilingual support and personalized financial advice for diverse migrant communities.
MAJORITY's app-based platform includes fee-free international money transfers and discounted international calls.
Upsides
MAJORITY's expansion into Texas positions it strategically near the U.S.-Mexico border.
The $37.5 million Series B funding boosts MAJORITY's capacity for innovation and expansion.
The growing U.S. immigrant population presents a substantial market opportunity for MAJORITY.
Funding
Total raised$95.57 M
Latest valuation$150.00 M
StageDEBT
DEBT
4/30/2024$8
SERIES B
4/30/2024$12
$150.00 MSERIES A
11/30/2021$27
$135.00 MSEED
5/31/2021$19
$95.00 M