# Virgin Money Holdings (UK)

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/virgin-money-holdings-uk

- Industry: Financial Services
- Headquarters: Glasgow, UK
- Website: www.virginmoney.com
- Total disclosed funding: $10M
- Latest round: Series B (Aug 31, 2006)
- Investors on record: 3

## About

Based in the UK, Virgin Money Holdings (UK) plc is a dynamic banking institution focusing on providing a diverse range of financial services including personal accounts and business banking solutions.Virgin Money Holdings (UK) plc, headquartered in Glasgow, UK, was founded in 1995. The company operates as a banking institution offering a broad spectrum of financial services. It has undergone several transformations, most notably its acquisition by Nationwide Building Society in March 2024 for approximately GBP 2.9 billion. The firm has executed six deals in total with this latest deal marking a pivotal moment in its growth strategy. David Duffy serves as the CEO, leading the company in its strategic endeavors to enhance its offerings.Virgin Money UK is a versatile banking institution offering a comprehensive range of financial products and services tailored to both personal and business customers. Their primary offerings include current accounts, savings accounts, Cash ISAs, credit cards, mortgages, and investment ISAs. The company aims to provide accessible and transparent banking solutions to help customers manage their finances effectively and grow their wealth. These products are designed to address various financial needs, including everyday banking, long-term savings, and investment opportunities. Virgin Money serves a diverse client base across the United Kingdom and Australia, ensuring that both individual consumers and businesses can benefit from their services. Their innovative approach and user-friendly online banking platform have positioned them as a modern bank that prioritizes customer experience.In the most recent year, 2023, Virgin Money UK reported a revenue of GBP 2,069,731,806.80 and an EBITDA of GBP 565,587,648.50. The company generates revenue primarily through interest income from loans and mortgages, alongside fees associated with its various financial products. Their diverse offerings allow them to cater to a wide range of customer financial needs, thereby enhancing their overall income potential.The acquisition by Nationwide Building Society, finalized on March 21, 2024, is expected to enhance Virgin Money Holdings (UK) plc's product offerings and overall value to customers. This strategic move will support the company in expanding its product range and improving service delivery, aligning with their goals for future growth.

## Funding rounds

- Series B, Aug 31, 2006, $10M — Intel Capital, Venrock, Omidyar Network

## Investors

- Intel Capital (https://capitalatlas.ai/funds/intel-capital) — Series B
- Venrock (https://capitalatlas.ai/funds/venrock) — Series B
- Omidyar Network (https://capitalatlas.ai/funds/omidyar-network) — Series B