Visa International, which has built a $400 million portfolio out of $30 million of investments in technology companies, wants to let banks in on the action.

Having obtained approval from its board of directors last month, the card association is hatching plans to establish the Visa Technology Fund, a venture capital partnership that will be open to member banks.

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.