What is Majority?
Founded in 2019 and headquartered in Houston, Texas, MAJORITY is pioneering digital financial services tailored for the global migrant population. It distinguishes itself by offering a banking experience free from overdraft fees and minimum balance requirements. The company was established by a seasoned team with extensive experience in banking, fintech, payments, and telecommunications, specifically within migrant communities. The MAJORITY Visa debit card is issued by Sutton Bank, a Member FDIC, under license from Visa U.S.A. Inc.
How much funding has Majority raised?
Majority has raised a total of $113.2M across 5 funding rounds:
Angel/Seed
$19M
Series A
$27M
Debt
$7.5M
Series B
$39.7M
Other Financing Round
$20M
Angel/Seed (2021): $19M with participation from Avid Ventures Management, HeartCore, and Valar Ventures
Series A (2021): $27M led by HeartCore, Valar Ventures, and Avid Ventures Management
Debt (2022): $7.5M, investors not publicly disclosed
Series B (2023): $39.7M featuring Heartcore Capital and Valar Ventures
Other Financing Round (2024): $20M, investors not publicly disclosed
Key Investors in Majority
Avid Ventures Management
Avid Ventures Management is a venture capital firm that supports early-stage startups in their growth phases, offering strategic guidance and operational assistance to foster innovation and scale businesses.
HeartCore
Heartcore Capital is a European early-stage venture capital firm investing in category-defining B2C and B2B2C technology companies, known for backing successful ventures like Tink.
Valar Ventures
Valar Ventures focuses on high-growth financial technology companies, providing comprehensive support and empowering founders with substantial equity and control.
What's next for Majority?
With its latest major strategic investment, Majority is poised for accelerated expansion and enhanced service offerings. The substantial capital raised, including a recent Series B round, suggests a focus on scaling operations, broadening its user base, and potentially developing new financial products to further support migrant communities worldwide. This strategic financing will likely enable MAJORITY to solidify its market position and continue its mission of providing accessible financial solutions.
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