500 Markup: Top stories in May on US$65M+ raised for smarter, seamless finance, data protection, and more

500-backed companies are tackling some of today’s toughest challenges  — from streamlining finance and securing personal data to making homeownership more accessible. Here’s a roundup of the companies that raised funds this month, what the fresh capital is powering next, and more.

Missed our last highlights issue? Check it out here.

Photo credit: Credilinq / Terminal 3 / Seedflex
  • HQ.xyz acquired by Gnosis for US$15M to streamline the financial operations of crypto-native businesses in Asia
  • Dinari raises US$12.7M Series A to make it easy for anyone, anywhere, to access and invest in the U.S. stock market
  • FarMart raises ~US$10M to power smarter and faster food supply chains across Asia, the Middle East, Africa, and beyond
  • CrediLinq raises $8.5M Series A to scale their AI-powered embedded finance platform, providing faster access to capital for SMEs globally
  • Terminal 3 raises US$8M to help businesses adopt and grow with AI-powered technology while protecting your personal data
  • Ringkas raises US$5.1M pre-Series A to fix broken mortgage systems and help more Southeast Asians unlock the dream of owning a home
  • Seedflex raises US$3.2M seed+ to offer dynamic credit solutions to more merchants across Southeast Asia
  • Volt14 raises US$1.87M pre-Series A to scale high-performance battery tech for the growing demands of EVs and clean energy
  • ThriveAI raises US$1.2M pre-Seed to free product managers from meetings, data wrangling, and more with AI-powered teammate
  • Krosslinker wins $1M at The Liveability Challenge 2025 by Temasek Foundation for their affordable, climate-friendly paint that keeps cities cooler
  • Lucas Ngoo builds AI health coach to help everyone eat, sleep, exercise, and feel better — all through WhatsApp and CareSense app
  • FarMart launches healthy pantry staples for households across India, and builds a more sustainable food economy
  • How Lingokids is helping families worldwide ditch the guilt and embrace healthy screen time for learning
  • Carousell users cut carbon emissions equal to the impact of planting 9 million trees by making secondhand their first choice
  • Grab’s superapp ecosystem is helping to reduce carbon emissions, cut waste, and build a cleaner Southeast Asia by 2040

Other stories from 500-backed companies you may have missed:

  • Bukalapak returns to profit in Q1 since refocusing on digital offerings — including mobile credits, streaming vouchers, and tax payments
  • Grab reported an 18% increase in revenue year-over-year for the first quarter of 2025, totaling US$773M, thanks to higher demand across all segments
  • Kredivo records 3x increase in Paylater transactions in Ramadan 2024 compared to the same period in the previous year
  • Liquid cornea clinical trials to commence soon, with Pandorum Technologies collaborating with clinical partners in the US and India to prepare for human trials
  • XING Mobility and Pacific Electric Wire & Cable partner to develop and promote the next-generation hybrid energy storage system that integrates two cutting-edge battery technologies to enhance safety, longevity, and performance
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