NextCard Inc., which markets a credit card on the Internet and offers 30-second approval, has raised $38 million in a new round of private equity financing.

Since its 1996 founding the San Francisco company has raised $55 million from investors including Moore Capital Management, Sequoia Capital, and Highland Capital Partners.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.