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MAJORITY, MIGRANT NEOBANK LEADER, ANNOUNCES $27M SERIES A TO FURTHER SERVE GROWING MIGRANT AUDIENCE IN THE US

MAJORITY

MAJORITY, MIGRANT NEOBANK LEADER, ANNOUNCES $27M SERIES A TO FURTHER SERVE GROWING MIGRANT AUDIENCE IN THE US

The mobile banking membership announces follow up on Series A 6 months after Seed round and rolls out new offering for migrants with no SSN

MAJORITY Opens First MAJORITY Meetup Location In Houston

MAJORITY

MAJORITY Opens First MAJORITY Meetup Location In Houston

Recently launched financial service dedicated to migrants living and working in the United States announces the opening of its first physical location for community-based needs

MAJORITY Launches Out of Beta With Enhanced Capabilities Made Available to All 50 States

MAJORITY

MAJORITY Launches Out of Beta With Enhanced Capabilities Made Available to All 50 States

Launched in October as invite-only, MAJORITY is now widely available in the United States with additional product features such as early direct deposit and new currency routes

MAJORITY, the First Digital Financial Service for Migrants, Launches in the United States

MAJORITY

MAJORITY, the First Digital Financial Service for Migrants, Launches in the United States

CEO Magnus Larsson announced the company’s launch from the stage at TECH FEST in Stockholm in September; the company will open its U.S. headquarters in Houston later this month

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About

The MAJORITY app facilitates banking services through Axiom Bank, N.A. ("Axiom"), Member FDIC. The funds deposited in the account held at Axiom, Member FDIC, are FDIC-insured on a pass-through basis up to $250,000 per depositor in the event Axiom fails and subject to the satisfaction of certain conditions. Non-deposit products or services such as money transfers and telecom services are not FDIC-insured. MAJORITY Visa® Debit Card is issued by Axiom Bank, N.A., Member FDIC, pursuant to a license from Visa U.S.A. Inc.

The Commissioner of Financial Regulation for the State of Maryland will accept all questions or complaints from Maryland residents regarding Majority Payment Services LLC (NMLS # 1991596) at 100 S. Charles Street, Tower 1, Suite 5300, Baltimore, MD 21201, phone 888-784-0136.

Services may be provided by Majority Payment Services LLC (NMLS # 1991596). This licensed company may be verified through the NMLS consumer access website: https://www.nmlsconsumeraccess.org/

The MAJORITY Visa® Secured Credit Card is issued by WebBank, Member FDIC, pursuant to a license from Visa U.S.A. Inc. MAJORITY is not a bank or lender and is a technology company. Joining the waitlist does not constitute an application for credit and does not affect your eligibility or approval status. An application must be submitted to be considered for the card. Eligibility requirements apply, including but not limited to income and expense requirements, keeping your MAJORITY account in good standing, and establishing a security deposit account.

*Boost amount (i.e., the amount of the credit line increase) is up to 5% of the monthly on-time payment of at least the minimum payment due and is subject to other terms and conditions, including but not limited to an ability to repay check and a monthly cap in the credit card agreement.

**We report account information to one or more credit reporting agencies. Both positive and negative payment history impact your credit score. The impact of payment history on credit bureau scoring models will vary. Making on-time payments may help to build a credit profile for consumers without existing debt. Failure to make on-time payments will result in a negative history reported to credit reporting agencies and may negatively impact your credit score.

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