At only 23 years old, Billy McFarland launched Magnises, a private social club consisting of exciting events and deals that are only accessible to those who have the club’s black card. The interesting part is that the card can be linked to your credit card or bank to facilitate mind-blowing shopping experience.
The benefits associated with the black card have contributed to its instant popularity in major restaurants and clubs. For instance, you might get discounts for using your Magnises card to pay bills at restaurants, clubs, bars, and reserve experiences such as luxurious gateways and exclusive concerts.
Speaking to the Business Insider, McFarland said that his mission is to create a comprehensive platform that links young consumers with new businesses both online and offline.
He decided to tie his mission to debit or credit card since it is the item carried by everyone at all times. New York City-based businesses such as clubs Finale and Goldbar, restaurants Catch and La Esquina, and Spin Studio Cyc have already signed a partnership deal with Magnises. In addition to discounted helicopter tours to the Hamptons, members can enjoy an exclusive performance by international rappers JA Rule and Rick Ross.
Billy McFarland in brief
Billy McFarland is a shrewd entrepreneur born in New York City and brought up in New Jersey. McFarland instituted his first entrepreneurial venture at the age of 13.
According to Crunchbase, Billy McFarland established Spling, an innovative ad platform, after dropping from college. The platform allows users to boost the appearance of URLs by transforming the text links into striking images arranged as mosaics on online bulletin boards. Spling serves high-status clients such as Universal and Discovery.
McFarland developed Magnises towards the end of 2013 and launched it officially on March 1, 2016. The annual fee for the card is $250, but it has neither initiation fee nor spending requirements. Magnises is planning to expand to other cities such Los Angeles, Atlanta, Chicago, Boston, and London.