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Magnises
AddedFeb 15, 2024
UpdatedJun 18, 2026
Magnises

Magnises

Operating

Magnises, a defunct membership club, offered a card-based service linked to existing credit accounts.

Location
New York City, NY, US
Founded
2014
Firm
Compare
Fundraising
Employees
Website

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.

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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