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.
Venture capital fuels the companies that reshape industries — from AI infrastructure and fintech to healthcare and defense tech. This hub collects our latest analysis on how VC firms evaluate startups, structure deals, and deploy capital across stages and geographies.
Browse the articles below to research investors, understand deal dynamics, and build a sharper fundraising strategy.
One week in May 2026 saw $400M+ in fintech infra deals — banking, payments AI, fraud, stablecoins, and compliance ops, not consumer apps.
AlleyWatch tracked 34 deals and $2.53B for the week ending May 23 — from Modal's $355M to Hark's $700M Series A, here's what mattered.
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.
Fasset raised $51M to scale stablecoin-powered banking across emerging markets — SBI Group and Investcorp among backers in May 2026 wave.
Modal Labs raised $355M at a reported $4.65B valuation as enterprise AI coding drove ARR from ~$60M to $300M in months — here's what that means for builders.