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NextCard, San Francisco, today will announce it has raised $38 million from investors, including Kleiner Perkins Caufield & Byers, Sequoia Capital and Highland Capital Partners. NextCard's Visa is developed for use on the Internet, and it can be obtained through an instant online approval system.

Excite today kicks off "It's a Wonderful Excite," a holiday sweepstakes promotion.

Copyright November 1998, Crain Communications Inc.

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