Legal Counsel, MAJORITY
All-in-one mobile banking platform for migrants
Be an early applicant
All-in-one mobile banking platform for migrants
101-200 employees
Be an early applicant
101-200 employees
Company mission
To empower migrants to the United States to achieve their financial goals and thrive.
Role
Who you are
- We are looking for a highly adaptable, organized, and self-motivated individual who has a creative legal mind, amazing attention to detail, and is inspired by Majority’s mission to empower and serve global communities by making financial services more inclusive, accessible, and human
- Juris Doctor (JD) degree from an accredited law school. Proof of degree completion will be required
- Bar Exam and admitted to practice law in at least one U.S. jurisdiction. A current, active U.S. Bar membership is required
- 3-5 years of relevant experience in law firms and/or in-house legal departments
- Experience working with fintechs or financial services companies
- Strong contract drafting and negotiation skills
- Experience with corporate transactions and corporate governance matters
- Ability to work independently and adaptively, anticipate and mitigate friction points, and take the initiative to drive projects to completion
- Excellent communication skills, with a practical, solution-oriented approach
- Proficiency in Spanish is preferred, but not required
What the job involves
- We are seeking a highly skilled and motivated Legal Counsel to join our legal team
- Reporting directly to the Chief Compliance & Legal Officer, this role offers a unique opportunity to work in a fast-paced fintech environment, providing legal support across a variety of business areas
- You will work alongside various departments to drive and negotiate complex corporate transactions including funding and vendor agreements, maintain strong corporate governance processes and reporting, develop new products, advise on legal risk and regulatory compliance in a variety of areas, and support corporate, employment and litigation matters
- Corporate Transactions and Governance: Support investment rounds, including due diligence, documentation review, and stakeholder communication. Lead overall corporate governance, including legal entity maintenance and due diligence responses. Oversee the yearly cycle of formal governance activities
- Contract Review & Drafting: Draft, review, and negotiate commercial contracts to support business operations. Drive or support related diligence activities as needed
- Litigation and Disputes: Handle litigation-related matters and other disputes as needed
- Legal Research & Analysis: Conduct research on complex legal issues across corporate, regulatory, and compliance matters
- Cross-functional Leadership and Collaboration: Lead cross-functional projects with legal focus. Provide guidance on legal risks and best practices across departments, including product, operations, and marketing teams
- Legal Department Support: Lead day-to-day legal processes as needed. Contribute to any legal matter that arises within the organization as needed, ensuring alignment with applicable laws and regulatory frameworks
Our take
The challenges faced by migrants arriving in the U.S. are enormous, and one of the largest examples is the financial hurdles they face. Opening bank accounts, making international phone calls, and accessing payment systems are essential but complex processes, and these challenges are accentuated by increased costs for migrants.
MAJORITY provides a mobile banking service specifically targeted toward helping migrants set up their financial systems in the U.S. The service runs on a monthly subscription fee, giving customers access to fee-free bank accounts with overdrafts, debit cards, and international phone call plans. The service also provides customer service in the user’s native language to help aid in the user experience.
With over 1 million people migrating to the U.S. every year, MAJORITY has tapped into a huge market by recognizing the stresses of financial security upon arrival. Its focus has attracted substantial investment that will expand and enhance Majority's services. By providing easy-to-use services backed with native-language assistance, the startup presents a brighter future for migrants seeking financial solutions in the U.S.
Steph
Company Specialist at Welcome to the Jungle
Insights
18% employee growth in 12 months
Company
Funding (last 2 of 5 rounds)
May 2024
$12.5m
SERIES B
Jun 2023
$9.8m
SERIES B
Total funding: $98.3m
Leadership
Magnus Larsson
(Co-Founder & CEO)They began their career as a Consultant before spending 3 years at Optimal Telecom and a further 3 at Tele2. While serving as CEO of Rebtel, Magnus co-founded MAJORITY, alongside being a Make Equal Board Member.
Johan Dahlqvist
(CTO)Having studied at Lund University, they worked for 2 years as an Anoto Software Engineer and spent 11 at Tele2. They co-founded MAJORITY in 2019 while serving as CTO of Rebtel.
Johan Granlund
(Co-Founder & COO)They worked at Wunderkind AB before spending 7 years at Tele2 and founding Inventa in 2010. They started working as COO of Rebtel in 2014, before co-founding MAJORITY 5 years later.
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