Internet Access Financial Corp., the company that created NextCard Visa, said it has raised $14 million in venture capital.
NextCard is a credit card that consumers can apply for on the Internet and is geared to making on-line purchases. Heritage Bank of Commerce, San Jose, Calif., is the issuer.
The new investors include Trinity Ventures, St. Paul Venture Capital, and Forrest Binkley & Brown.
"This financing further establishes NextCard as one of the important, groundbreaking companies involved in Internet commerce," said Jeremy Lent, chairman and chief executive officer of Internet Access Financial. u