Magnises is a New York-based company that is fast gaining traction among millennials who love perks. The company offers special events and deals that can only be accessed through its black card. Consumers have to part with $250 per year for the cards, which are renewable. The cards are closely similar to American Express. The only difference is that consumers can link them with their credit and debit cards.
By flashing the Magnises card, a customer qualifies for discounts at clubs, shopping malls, restaurants and bars. One also gets reserved rooms for private events and concerts easily. The card has already attracted major companies such as Tesla and Samsung who recommend them for their employees. The individual behind this brilliant black card is Billy McFarland, the founder and CEO of Magnises.
Billy McFarland dropped out of college to start a business despite judgement from friends and relatives. His love for technology started when he was in sixth grade. He started a company that connects clients with web developers at only 13. He then started Spling after dropping out of college as a freshman. According to him, he had a lot of potential in him and didn’t not want to waste more time before exploring them. Spling is an advertisement platform that has hundreds of thousands of clients. The clients can improve the appearance of their URLs using tools available on the platform. The URLs are turned from texts transformed into catchy graphic images blended with different colors. Billy is still the CEO and Director of Spling.
He later launched the black card in 2014 with the aim of attracting young adults who are working. The card became very popular in New York City with many people subscribing to the company’s website to obtain it. The black card is currently available in New York City and Washington D.C. However, there are plans to expand its coverage to other parts of the country such as Chicago, Los Angeles, Boston and London. Billy has indicated that the company is targeting over five million customers in the next five years. Though the company does not release its annual financial reports, sources close to the management revealed that the company made over $3 million profit in the last fiscal year.
Billy McFarland was born in New York City in 1991. He is always hitting the headlines for good reasons, and his love for innovation in technology will take him far as an entrepreneur.