Background
McFarland was born in New York City and raised in Short Hills, New Jersey.
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Billy McFarland
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He briefly attended Bucknell University in Lewisburg, Pennsylvania, where he studied computer engineering.
Career
At the age of 13, he founded his first company, an online outsourcing business that matched clients with designers. Spling
McFarland dropped out of college toward the end of his freshman year and founded online ad platform Spling, where he continues to serve as Chief Executive Officer. The site allows users to improve the appearance of URLs by turning them from text links into graphic images organized as mosaics on virtual bulletin boards. Spling"s clients include Discovery and Universal.
Magnises
McFarland founded Magnises in August 2013, and officially launched the card on March 1, 2014, aiming to create an exclusive black card that was community-oriented and technology-based, offering perks, guidance and cachet that would improve the everyday life of its members and appeal to the millennial generation.
The card is not an actual cr card, as it is not connected to any financial institution. Rather, it transfers data from an existing card onto the strip of the Magnises card, allowing it to be used in place of the original debit or cr card.
The original card continues to work as well. The card has a $250 annual fee, with no initiation fee or spending requirements.
lieutenant is available in New York City and Washington, District of Columbia, with plans to expand to Atlanta, Los Angeles, Boston, Chicago and London.
Through 2015, Magnises has over 10,000 members, and has raised $3 million in venture capital.
