Metris Companies
AcquiredMinnetonka, United States · Founded 1994 · $300.0M raised
- Headquarters
- Minnetonka, Minnesota
- Employees
- 1001–5000
- Founded
- 1994
- Business Model
- B2C
- Website
- metriscompanies.com
- Total Funding
- $300.0M
- Last Round
- $300.0M Corporate RoundNov 1998
- Rounds
- 1
- Acquisition Date
- Aug 2005
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
Indexed holds 3 funding rounds and 2 investors for this company. The full record is or through the API.
About
Metris Companies Inc. (NYSE: MXT) was one of the largest bankcard issuers in the United States, headquartered in Minnetonka, Minnesota. Founded in 1994, Metris issued credit cards primarily through its wholly-owned subsidiary Direct Merchants Credit Card Bank targeting the near-prime and low-to-moderate income consumer segment. Metris was acquired by HSBC Finance Corporation in 2005 for approximately .59 billion.
Summary
Metris Companies is a Fintech company based in Minnetonka, United States, founded in 1994. It has raised $300.0M in total across 1 round, most recently a $300.0M Corporate Round in Nov 1998. Investors include HSBC and Thomas H. Lee Partners.
Funding & Exit History
Aug 2005
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Funding: Corporate Round. Amounts, valuations, and investors where available.
Investors
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