Magnises was a card-based membership club targeting millennials. The company offered a unique card that linked to members' existing credit card accounts, allowing them to make purchases and access exclusive benefits.
Co-founded by Billy McFarland in 2013, Magnises gained attention through its association with rapper Ja Rule as a spokesman. The company aimed to provide members with access to exclusive events and experiences, though it ultimately ceased operations. Magnises serves as a cautionary tale in the world of startup ventures and membership-based services.
Magnises - Classification
Also Known As
Magnises Inc.
NAICS
520000Finance and Insurance
SIC
6200Security And Commodity Brokers, Dealers, Exchanges, And Services
6280Services Allied With The Exchange Of Securities Or Commodities
6282Investment Advice
Show 7 more industry codes
NAICS
522000Credit Intermediation and Related Activities
522300Activities Related to Credit Intermediation
522320Financial Transactions Processing, Reserve, and Clearinghouse Activities
SIC
6000Depository Institutions
8700Engineering, Accounting, Research, Management, And Related Services
8740Management And Public Relations Services
8742Management Consulting Services
Magnises
Operating Status: Operating
Magnises, a defunct membership club, offered a card-based service linked to existing credit accounts.
