MAJORITY raises $19 million for its mobile banking service for migrants

More than a million people migrate to the U.S. each year. Upon their arrival, they face challenges in opening a local bank account and accessing financial services at regular rates. These challenges for migrants, a significant portion of whom also need to send money home, have persisted globally for decades, despite large government support programs. Now an entrepreneur, who in his previous venture fought exorbitant phone tariff charges to help people make phone calls at low-cost, believes he has found the solution — and definitely a vote of confidence from…

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