About Virgin Money
Virgin Money is a company based in Newcastle Upon Tyne (United Kingdom) founded in 1995 was acquired by Nationwide in March 2024. It operates as a Subscription Services, and Commission-Based. Virgin Money has raised $152 million across 2 funding rounds from investors including Nationwide, Clydesdale Bank and BCR. Virgin Money has completed 4 acquisitions, including Bank and Clients, Circle Lending and Intelligent Managed Services. Virgin Money offers products and services including Current Accounts, Savings Accounts, Credit Cards, Mortgages, and Personal Loans. Virgin Money operates in a competitive market with competitors including Metro Bank, Investec, SVB, HSBC and Barclays, among others.
- Headquarter Newcastle Upon Tyne, United Kingdom
- Stage Public
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Virgin Money Uk
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$152 M (USD)
in 2 rounds
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Latest Funding Round
$44.71 M (USD), Grant
Sep 23, 2020
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Investors
Nationwide
& 3 more
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Employee Count
Employee Count
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Investments & Acquisitions
Bank and Clients
& 3 more
- Acquired by
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Products & Services of Virgin Money
Virgin Money offers a comprehensive portfolio of products and services, including Current Accounts, Savings Accounts, Credit Cards, Mortgages, and Personal Loans. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Current accounts are offered for everyday banking needs.
Savings accounts are provided for personal financial growth.
Credit cards are issued for various spending needs.
Mortgages are facilitated for home buying purposes.
Personal loans are available for individual financial needs.
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Funding Insights of Virgin Money
Virgin Money has successfully raised a total of $152M across 2 strategic funding rounds. The most recent funding activity was a Grant round of $44.71 million completed in September 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Grant — $44.7M
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First Round
First Round
(01 Apr 2010)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2020 | Amount | Grant - Virgin Money | Valuation |
investors |
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| Apr, 2010 | Amount | Private Equity Round - Virgin Money | Valuation | Invesco |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Virgin Money
Virgin Money has secured backing from 4 investors, including institutional investors. Prominent investors backing the company include Nationwide, Clydesdale Bank and BCR. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Founded Year | Domain | Location | |
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Diversified asset management services are offered globally by Invesco.
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Founded Year | Domain | Location | |
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Commercial banking services are offered in the United Kingdom.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Virgin Money
Virgin Money has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Bank and Clients, Circle Lending and Intelligent Managed Services. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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End-to-end HR services are provided to businesses.
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2021 | ||||
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Residential mortgage loans are facilitated via family P2P lending platform.
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2000 | ||||
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Commercial banking services are provided to businesses and individuals.
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1978 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Virgin Money
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Virgin Money Comparisons
Competitors of Virgin Money
Virgin Money operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Metro Bank, Investec, SVB, HSBC and Barclays, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Commercial banking services are provided in the United Kingdom.
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| domain | founded_year | HQ Location |
Global banking, investment, and wealth management services are offered worldwide.
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| domain | founded_year | HQ Location |
Banking services are provided to innovative companies, investors, and individuals.
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| domain | founded_year | HQ Location |
Universal banking and financial advisory services are provided globally.
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| domain | founded_year | HQ Location |
Diversified financial services are provided across global markets.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Virgin Money
Frequently Asked Questions about Virgin Money
When was Virgin Money founded?
Virgin Money was founded in 1995 and raised its 1st funding round 15 years after it was founded.
Where is Virgin Money located?
Virgin Money is headquartered in Newcastle Upon Tyne, United Kingdom.
Is Virgin Money a funded company?
Virgin Money is a funded company, having raised a total of $152M across 2 funding rounds to date. The company's 1st funding round was a Private Equity Round of $152M, raised on Apr 01, 2010.
What does Virgin Money do?
Virgin Money is established as a key player in the UK financial sector, offering a wide range of services including current accounts, savings accounts, credit cards, personal loans, mortgages, investments, pensions, and insurance. Services are provided to both personal and business customers, with a focus on digital banking solutions through an app and online platforms. Community-focused branches are designed to enhance customer experience. Support for financial wellbeing and eco-friendly initiatives like greener mortgages is also emphasized.
Who are the top competitors of Virgin Money?
Virgin Money's top competitors include Metro Bank, Investec and Barclays.
What products or services does Virgin Money offer?
Virgin Money offers Current Accounts, Savings Accounts, Credit Cards, Mortgages, and Personal Loans.
How many acquisitions has Virgin Money made?
Virgin Money has made 4 acquisitions, including Bank and Clients, Circle Lending, and Intelligent Managed Services.
Who are Virgin Money's investors?
Virgin Money has 4 investors. Key investors include Nationwide, Clydesdale Bank, BCR, and Invesco.
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