May 2026 Fintech Infrastructure Wave: Mercury, Primer, Sardine, and the End of 'Neobank Only'
One week in May 2026 saw $400M+ in fintech infra deals — banking, payments AI, fraud, stablecoins, and compliance ops, not consumer apps.
Fintech remains a core venture capital category, with capital flowing into payments rails, neobanks, insurtech, B2B financial infrastructure, and AI-native financial operations. Our fintech VC coverage tracks the rounds and funds defining the next wave of financial technology.
Explore fintech venture capital articles and funding news below.
One week in May 2026 saw $400M+ in fintech infra deals — banking, payments AI, fraud, stablecoins, and compliance ops, not consumer apps.
NYC-linked Benji raised $6.25M seed from Preface Ventures to standardize loyalty partnership APIs — JetBlue TrueBlue already on the network.
Farther raised $150M Series D as intelligent wealth management platforms attract growth capital — what operators and RIAs should watch.
May 2026: Fasset raised $51M Series B. Live mark as of August 24 is $68M Series C at $1B, SBI Group lead. Company: >$40B annualized volume.
benefitbay raised $18M led by Ten Coves Capital to scale broker-first ICHRA administration — payments, carriers, and payroll integrations in focus.
Primer raised $100M Series C from Sofina and Peak XV to scale AI-native payments — US ARR doubling YoY as autonomous finance ops go mainstream.