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This bank for immigrants helps newcomers to the U.S. navigate the financial world

13 May 2020

In the ‘migrant tech’ space, Majority lends cultural and logistical banking support to immigrants.

In the early 2000s, native Swede Magnus Larsson spent a year and a half in the U.S., studying in Miami, and teaching Swedish in Minnesota. During his sojourn, he found it more difficult than he thought it should be to perform simple settling-in tasks—such as setting up a bank account. It wasn’t clear to him, for instance, what the difference was between a checking and savings account. The red tape was exhausting. He started relying on a network of fellow Swedes, who had been there and done that, for advice on how to check off everyday items.

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This content was originally published by Fast Company. Original publishers retain all rights. It appears here for a limited time before automated archiving. By Fast Company

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