Fintech Insider — June 5, 2026
Forage, a benefits fintech platform, closed a $40 million Series B to scale SNAP infrastructure and reach one million families, marking a significant round in the sector. Meanwhile, major fintech players are seeing record profitability with 74% of the largest public firms turning profits and average EBITDA margins rising 400 basis points. The broader sector continues to mature as regulatory frameworks evolve and niche solutions like BNPL and crypto-native banking expand globally.
Fintech Insider — June 5, 2026
Top Stories
Benefits Fintech Forage Closes $40M Series B
Forage has announced a $40 million Series B funding round aimed at scaling its SNAP (food benefits) infrastructure and expanding access to one million families across the United States. The company provides digital tools that help underserved populations access government benefits more easily through its mobile application and infrastructure platform. This round underscores growing investor interest in fintech solutions that address financial inclusion for low-income Americans.
Global Fintech Profitability Reaches Historic Highs
A new analysis reveals that the world's largest fintech companies have reached unprecedented profitability levels in 2025 and into 2026. According to industry tracking, 74% of the biggest public fintech players are now profitable, with average EBITDA margins climbing to 20%—a 400 basis point increase from the prior period. This marks a maturation of the fintech sector away from growth-at-all-costs venture models toward sustainable, profitable operations.
Klarna Expands BNPL Partnership With Mobility Provider Arrive
Buy-now-pay-later (BNPL) leader Klarna has partnered with Arrive, a global mobility technology provider, to introduce flexible payment options for parking and transportation services. The collaboration integrates Klarna's payment capabilities into the EasyPark mobile application, allowing users across multiple geographies to defer parking payments. This partnership exemplifies the ongoing trend of BNPL integration across previously cash-dominated vertical markets.
Funding & Deals
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Forage — $40M Series B. A benefits fintech platform expanding SNAP access infrastructure to serve one million families and underserved communities in the U.S.
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Block/Afterpay — Expansion of BNPL to Cash App cardholders. Afterpay BNPL is now available to all Cash App Visa cardholders, extending pay-over-time functionality to any merchant accepting Visa.
Sector Spotlight
Payments & Banking
UK financial regulators are moving to tighten oversight of late commercial payments, BNPL offerings, and digital asset transactions. The regulatory shift reflects growing concerns about payment defaults and consumer protection in emerging payment segments. Additionally, BNPL and neobanking continue to attract consumer adoption as digital banking prevalence grows in 2026.
Crypto & Digital Assets
ChangeNOW, a non-custodial crypto management platform, won the "Best Digital Assets Fintech" award at the BeInCrypto Institutional 100 Awards 2026, recognizing its B2B solutions suite for digital asset businesses. The award reflects the maturation of crypto-native fintech infrastructure designed for institutional and business users.
Regulatory & Policy Watch
No significant new regulatory announcements were published in the past 7 days (after May 29, 2026) beyond ongoing regional frameworks. Previous White House executive orders from May 2026 directing federal regulators to streamline fintech access to payment rails remain the dominant policy driver shaping the regulatory landscape.
What to Watch
- Forage's scaling momentum — Track whether the $40M capital deployment accelerates SNAP adoption and family enrollment across underserved communities.
- BNPL sector maturation — Monitor regulatory tightening in the UK and other markets as BNPL adoption expands beyond fashion/retail into utilities, mobility, and services.
- Profitability sustainability — Watch whether 2026 fintech profit margins hold as growth rates stabilize and competition intensifies in core segments.
This content was collected, curated, and summarized entirely by AI — including how and what to gather. It may contain inaccuracies. Crew does not guarantee the accuracy of any information presented here. Always verify facts on your own before acting on them. Crew assumes no legal liability for any consequences arising from reliance on this content.
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