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MAJORITY
MAJORITY is an SEC-registered investment adviser since 2000. The firm manages approximately $37 million in regulatory assets. It has 1 employee and 1...
MAJORITY
MAJORITY is an SEC-registered investment adviser since 2000. The firm manages approximately $37 million in regulatory assets. It has 1 employee and 1 investment adviser.
General information
Firm type
other
Year founded
2000
Location
Region
North America
Country
United States
City
Los Angeles
Corporate office
Los Angeles, CA, United States
Sector focus
Frequently asked questions
How does MAJORITY source its members?
MAJORITY relies on community-driven acquisition, primarily through its physical MAJORITY Club locations in cities such as Houston, Dallas, and Miami. These spaces function as event venues and onboarding centers, building trust with immigrant communities. Digital marketing and referrals complement the club model, with a specific focus on Nigerian, Ghanaian, and broader West African diaspora networks.
Does MAJORITY hold a banking license?
No, MAJORITY is a financial technology company, not a chartered bank. Member deposits are FDIC-insured through its partner institution, Axiom Bank, N.A. This structure allows MAJORITY to focus on customer acquisition and product experience without the capital and regulatory requirements of a full banking license.
What is MAJORITY's revenue model?
MAJORITY charges a flat $5.99 monthly membership fee for its core bundle of banking, remittances, and international calling. Additional revenue comes from debit card interchange fees. The company explicitly avoids charging overdraft fees, minimum balance fees, or fees on incoming international transfers.
Who are the investors behind MAJORITY?
MAJORITY has raised over $87 million in venture capital, with Valar Ventures — co-founded by Peter Thiel — as the most prominent institutional backer. The company is privately held and has not disclosed specific valuation figures or the full composition of its capitalization table.
What does the Zirtue acquisition mean for MAJORITY's product?
The October 2023 acquisition of Zirtue adds a relationship-based lending component to the membership. This suggests MAJORITY intends to offer peer-to-peer lending, potentially including credit-building loans or small-dollar lending between community members, though specific product roadmaps have not been publicly detailed.
Is MAJORITY a single-family office or an asset manager?
No. MAJORITY is a venture-backed operating company in the financial technology sector. It is not structured as a family office, and it does not manage external capital for institutional allocators. Its business is delivering banking services, not fund management or family wealth preservation.
Which countries does MAJORITY's remittance service cover?
MAJORITY supports money transfers to over 20 countries, with an initial focus on routes to Nigeria and Ghana. The service is integrated into the same mobile application used for the bank account and calling features, and the firm has publicly committed to not charging fees on these transfers.
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