When an immigrant first arrives within the U.S. they face a myriad of challenges. A kind of core challenges is getting a checking account and changing into a part of the monetary system. Conventional banks discover it very troublesome to cope with these populations so, not surprisingly, fintech has come to fill within the hole.
My subsequent visitor on the Fintech One-on-One podcast is Magnus Larsson, the CEO and co-founder of Majority. It’s a fintech firm based by immigrants for immigrants that provides an all-in-one cellular banking resolution tailor-made for brand spanking new arrivals on this nation. As you’ll find out they’re providing way over only a checking account.
On this podcast you’ll be taught:
- The founding story of Majority.
- Why Magnus moved again to the US.
- The error that huge manufacturers make when coping with immigrants.
- Why conventional banks discover it so arduous to serve immigrants.
- Majority’s core product choices.
- Why they work arduous to construct a neighborhood in addition to a digital app.
- How they customise their merchandise to serve every nation’s diaspora.
- Why they’ve opened bodily areas in choose cities.
- How they will open financial institution accounts and not using a social safety quantity.
- Why they spent a lot time selecting their financial institution companions.
- Particulars about their financial institution partnerships.
- The important thing to success as a distinct segment digital financial institution.
- What it was like elevating fairness capital in 2022.
- The size that Majority is at at this time.
- The place they’re on the journey to profitability.
- Their completely different sources of income.
- Magnus’s imaginative and prescient for Majority.
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Obtain a PDF transcript of Magnus Larsson HERE, or Learn the Full Textual content Model under.
