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Virgin Money - About the company

Virgin Money is an acquired company based in Newcastle Upon Tyne (United Kingdom), founded in 1995. It operates as a Chains providing banking services including current accounts savings and mortgages. Virgin Money has raised $152M in funding from Invesco. The company has 704 active competitors, including 39 funded and 56 that have exited. Its top competitors include companies like Monzo, Revolut and Starling Bank.

Company Details

Chains providing banking services including current accounts savings and mortgages. These institutions offer financial products such as credit cards, personal loans, and insurance policies. Customers manage accounts through digital platforms or physical branches. The services include tools for budgeting, debt management, and financial planning. Additional offerings include individual savings accounts and various mortgage products for property financing.
Social
XFacebook
Email ID
*****@virginmoney.com
Phone Number
+44 **********
Registered Address
JUBILEE HOUSE,GOSFORTH,NEWCASTLE UPON TYNE,ENGLAND,NE3 4PL
Key Metrics
Founded Year
1995
Location
Newcastle Upon Tyne, United Kingdom
Stage
Acquired
Total Funding
$152M in 2 rounds
Investors
Ranked
Employee Count
1,000 - 4,999 as on Mar 01, 2026
Investment & Acquisitions
Similar Companies
Exit Details
Acquired by Nationwide (Mar 08, 2024)

Virgin Money's acquisition details

Virgin Money got acquired by Nationwide on Mar 08, 2024 at an acquisition amount of $*****.
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Virgin Money's funding and investors

Virgin Money has raised a total funding of $152M over 2 rounds. Its first funding round was on Apr 2010. Its latest funding round was a Grant (prize money) round on Sep 23, 2020 for $*****. 1 investor participated in its latest round. Virgin Money has 3 institutional investors.

Here is the list of recent funding rounds of Virgin Money:
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
Sep 23, 2020
4957074
Grant (prize money)
7861686
6938980
3150997
5268331
Apr 2010
1874331
PE
2408474
7314114
6418110
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Virgin Money's founders and board of directors

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Virgin Money's employee count trend

Virgin Money has 1,000 - 4,999 employees as of Mar 26. Here is Virgin Money's employee count trend over the years:
Employee count trend for Virgin Money
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Virgin Money's Competitors and alternates

Top competitors of Virgin Money include Monzo, Revolut and Starling Bank. Here is the list of Top 10 competitors of Virgin Money, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Monzo
Monzo
2015, United Kingdom, Series I
Provider of digital banking services including savings accounts and loans
$2.41B
84/100
2nd
Logo for Revolut
Revolut
2015, London (United Kingdom), Series E
Provider of banking solutions for retail customers and businesses
$1.99B
82/100
3rd
Logo for Starling Bank
Starling Bank
2014, London (United Kingdom), Series D
Provider of digital banking services including savings and payment accounts
$1.01B
82/100
4th
Logo for Atom bank
Atom bank
2014, Blyth (United Kingdom), Series F
Provider of digital savings accounts mortgages and commercial business loans
$852M
80/100
5th
Logo for Tide
Tide
2015, London (United Kingdom), Series C
Digital business banking platform
$181M
80/100
6th
Logo for Standard Chartered
Standard Chartered
1853, London (United Kingdom), Public
Provider of corporate, investment, wealth, and retail banking services
-
79/100
7th
Logo for Metro Bank
Metro Bank
2010, London (United Kingdom), Seed
Retail bank offers personal and business banking services such as current accounts, savings, loans, credit cards, and mortgages
$564M
79/100
8th
Logo for Barclays
Barclays
1690, London (United Kingdom), Public
Provider of consumer, corporate, wealth and private banking services
-
79/100
9th
Logo for Bank of America
Bank of America
1998, Charlotte (United States), Public
Commercial bank and asset management firm
-
76/100
10th
Logo for OakNorth Bank
OakNorth Bank
2015, London (United Kingdom), Series C
Digital bank empowering entrepreneurs and savers with smart tools
$962M
74/100
18th
Logo for Virgin Money
Virgin Money
1995, Newcastle Upon Tyne (United Kingdom), Acquired
Chains providing banking services including current accounts savings and mortgages
$152M
72/100
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Virgin Money's Investments and acquisitions

Virgin Money has made 14 investments in companies including Sellers Textiles Engineers and Cornish Bakery. Virgin Money has also acquired 5 companies including Wellspm and Northern Rock.
Here is the list of investments & acquisitions:lockFilter this list
Date of Investment/Acquisition
Type
Company Name
Founded Year
Location
Feb 19, 2025
Investments
2019
Huddersfield (United Kingdom)
Jun 12, 2024
Investments
1994
Somerset (United Kingdom)
Mar 11, 2024
Investments
2000
Ilkeston (United Kingdom)
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See all investments and acquisitions by Virgin Money

Reports related to Virgin Money

Here is the latest report on Virgin Money's sector:

News related to Virgin Money

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Media has covered Virgin Money for a total of 6 events in the last 1 year, 3 of them have been about company updates.
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FAQs about Virgin Money

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