Virgin group is a branded venture capital organisation made up of more than 200 companies worldwide, employing around 50,000 people throughout 29 countries, producing revenues in the region of £10 billion in 2006 alone.
Virgin was founded in 1970 by British business tycoon Sir Richard Branson, and has since become one of the world's most recognised and respected brands, spawning highly successful businesses in industries including mobile telephony, travel, leisure, music, holidays, publishing and retailing among others.
In 1995 the Virgin brand took on new ventures in the financial sector operating under the name 'Virgin Money', offering a range services including loans, credit cards and insurance products. Although Virgin are not classed as a bank, they do provide backing, promising the same values that they offer with any products associated to them.
Like all Virgin companies, Virgin Money was launched to give customers a better deal. They offer a wide range of financial products that are easy to understand.
Virgin Money was founded in March 1995 and now offers a wide range of products, the majority of which are run in conjunction with other financial service providers. It currently offers the Virgin Credit Card
which is issued by MBNA, loans provided by Co-operative Bank and Freedom Finance, mortgages provided by The One Account, a range of insurance products underwritten by UK Insurance and Scottish Widows, savings accounts and ISA's provided by The Royal Bank of Scotland.