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Power Law company profile

MAJORITY

Fintech · Stockholm, Sweden · Founded 2019

MAJORITY is a startup that offers an all-in-one mobile banking solution specifically designed for migrants. The company provides a range of financial services including international money transfers, mobile top-ups, and personalized financial advice. MAJORITY aims to make banking easier and more accessible for people who have moved to a new country, helping them manage their finances and stay connected with their families back home. The company serves a diverse clientele of migrants from various countries such as Cuba, Colombia, Nigeria, Mexico, Ghana, Kenya, Ethiopia, and many more. By focusing on this niche market, MAJORITY addresses the unique financial needs and challenges faced by migrants, such as high fees for international money transfers and the difficulty of accessing traditional banking services. MAJORITY operates in the financial technology (fintech) market, leveraging technology to provide its services through a mobile app. The app allows users to save money, send money abroad with no fees, and make international calls to over 20 countries for free. Additionally, users can top up mobile phones instantly and securely, often with special promotions for certain countries. The business model of MAJORITY is based on providing value-added services that cater to the specific needs of migrants. The company makes money through various channels, including exchange rate margins on money transfers, fees for certain premium services, and possibly partnerships or promotions with other businesses. In summary, MAJORITY is a fintech company that offers mobile banking services tailored for migrants, helping them save, send money, and stay connected with their families. The company stands out by providing personalized customer support in multiple languages and fostering a sense of community among its users. Keywords: mobile banking, migrants, international transfers, mobile top-ups, fintech, personalized advice, community events, exchange rates, financial services, multilingual support.