Ringkas, a mortgage financing platform based in Indonesia, has raised $5.1 million in its Pre-Series A funding round.
The company said in a statement on Wednesday that the funding came from investors such as Flourish Ventures, Kadan Capital, and several other existing and strategic investors.
The company said this funding is an important step in its goal to help millions of people in Southeast Asia own homes by offering smarter, faster, and easier financing options.
The company also said that the new funding will help it grow as a major player in financial services. It will use the money to develop new AI tools and expand to more regional areas.
The company is also speeding up its hiring, especially for roles in generative AI. It’s looking for talented people from Vietnam and Southeast Asia to help shape the future of built-in financial services.
Ringkas says it has quickly grown its business, now working in 47 cities. It is involved in 150 property projects and has partnered with 29 banks through 700 branches.
The company said these accomplishments create a solid base for its subsequent growth and new developments.
“Our goal is to create a smooth, AI-powered financial platform that fits naturally into the daily digital lives of people in Southeast Asia,”
“This investment helps us move faster in making mortgage finance more accessible, while beginning to lay the groundwork for future AI capabilities and broader financial inclusion,” said Ilya Kravtsov, Co-founder of Ringkas.
Millions of families in Southeast Asia—including countries like Indonesia, Vietnam, the Philippines, and Malaysia—still struggle to get affordable and easy access to mortgage loans.
Ringkas said it is working to solve these problems by building a flexible financial platform that can be adapted to each country’s specific financing needs and rules.
With strong partnerships with top banks, real estate companies, and digital platforms, Ringkas helps consumers by offering real-time financial advice and personalized suggestions for pre-approved mortgages, home loans, or refinancing, all provided directly through its partners.
“The founding team and their powerful network of partners have reinforced our belief in the company,” said Rei Murakami Frenzel at Kadan Capital.
Ravi Kaushik, executive director at Flourish Ventures, said the company is tackling one of the region’s most significant problems by using technology to make mortgage loans easier to access.
“The fact that they have major property developers and top banks on their platform shows how well they are executing in Indonesia,”
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