According to Business Insider, Billy McFarland is the founder of Magnises. Billy was 23 years old when he founded Magnises with the aim of helping people to build the perfect network. Magnises is a one-in-a-million social club that offers deals and special events that people can only access with the club’s black card. You can link the black card to your credit card or bank card for the sake of making payments. However, its main draw is the perks.
The Magnises card is made of metal and heavier than you may think. You just need to flash the card to get discounts at clubs, restaurants, and bars and reserve experiences like luxurious gateways and private concerts. Billy told Business Insider that they intend to come up with a complete platform that connects new businesses, with millennials online and offline. Billy noted that since people always carry their credit or debit card, they tied their black card to that.
Several New York City businesses like spin studio Cyc, Restaurants La Esquina, and Catch, and clubs Finale and Goldbar have signed on to be partners with Magnises. Members will enjoy discounts on helicopter trips to Hamptons with Blade as well as attend private shows by rappers Ja Rule and Rick Ross. Magnises was established a few years and currently it has over 6,000 members, who pay $250 annually for the black card. You can pick an activity through their mobile app that is tied to Magnises membership and get instant access to the best deals.
McFarland says that the card targets working professionals between the ages of 21 and 35. He adds that most of these professionals work in the technology, finance, and fashion industries. People who want to be members are required to fill out an online application and wait for approval by the Magnises team before they can be members officially. McFarland said that they want to incorporate businesses into the Magnises experience.
Therefore, they seek members who can give back. However, McFarland added that they are selective about the brands they select to partner with them because they want to build a brand that their members can trust. The firm relocated their home base to a Penthouse at the Hotel on Rivington on the Lower East Side from a West Village townhouse. Magnises holds most of its events there, and members can use the office to work or hold meetings during the day.