"Banks need to figure out their place in the value chain ... And I think that's where you're going to see winners emerging," Majority CEO Magnus Larsson said.
Majority, a challenger bank that has been serving Houston's Nigerian immigrant community for the past six months, is looking to expand its services across the U.S.
Launched in October as invite-only, MAJORITY is now widely available in the United States with additional product features such as early direct deposit and new currency routes
Majority, a digital bank aimed at serving customers who are newcomers to the US, will launch later this year.
CEO Magnus Larsson announced the company’s launch from the stage at TECH FEST in Stockholm in September; the company will open its U.S. headquarters in Houston later this month
Recently launched financial service dedicated to migrants living and working in the United States announces the opening of its first physical location for community-based needs
Incumbents and challenger fintechs dominate the remittance market, leading Majority to forge a very narrow use case for a specific initial corridor.
A newly launched challenger bank sees opportunity in the nearly 14% of U.S. residents who, according to Census Bureau estimates, were born in other countries.