Ringkas Raises US\$5.1M Pre-Series A to Expand AI-Powered Mortgage Solutions Across Southeast Asia. Ringkas, a fast-growing embedded financial infrastructure platform, has successfully secured US\$5.1 million in its Pre-Series A funding round, marking a major milestone in its mission to simplify and scale access to mortgage financing across Southeast Asia. The round drew participation from notable investors including Flourish Ventures, Kadan Capital, and several strategic and existing backers, underscoring strong investor confidence in Ringkas’ vision to transform the region’s home financing ecosystem.
Founded with the ambition to break down barriers to homeownership, Ringkas aims to empower millions of Southeast Asians with faster, smarter, and more accessible mortgage solutions. The new capital injection will fuel the company’s regional expansion and deepen its investment in artificial intelligence capabilities. As part of this growth strategy, Ringkas is actively recruiting top AI talent across Vietnam and Southeast Asia, positioning the region as a hub for AI innovation in financial services.
Ringkas has already made significant strides in the market, operating in 47 cities, partnering with 150 property projects, and collaborating with 29 banks through 700 branches. These achievements lay a strong foundation for the platform’s next phase of scale and innovation, as it continues to build an AI-driven ecosystem that integrates seamlessly into consumers’ everyday digital lives.
“Our mission is to build a seamless, AI-driven financial infrastructure platform that embeds into the everyday digital lives of Southeast Asians,” said Ilya Kravtsov, Co-founder of Ringkas. “This investment helps us move faster in making mortgage finance more accessible while laying the groundwork for broader financial inclusion through future AI capabilities.”
Across markets like Indonesia, Vietnam, the Philippines, and Malaysia, millions of families still face systemic barriers to obtaining affordable mortgage financing. Ringkas addresses this challenge by providing personalized mortgage recommendations, real-time financial advisory, and pre-approvals through embedded partnerships with banks, property developers, and digital platforms.
The company’s progress has attracted attention from global investors. “Ringkas has emerged as the leading platform making homeownership in Indonesia more accessible and seamless. The visionary founding team and their powerful network of partners have reinforced our belief in the company,” said Rei Murakami Frenzel, Founding Partner at Kadan Capital.
Ravi Kaushik, Executive Director at Flourish Ventures, added, “Ringkas is addressing one of the region’s most pressing challenges by making mortgage financing more accessible through technology. Their strong execution in Indonesia, combined with a thoughtful approach to regional expansion and AI integration, positions them well to build a meaningful and scalable financial solution for Southeast Asia.”
Looking ahead, Ringkas plans to deepen its R\&D and AI development footprint in Vietnam, leveraging the country’s vibrant tech talent and growing digital economy. As the company accelerates its expansion, this Pre-Series A round signals not only a strategic leap toward transforming access to homeownership, but also a broader commitment to building a resilient, inclusive financial infrastructure for the future of Southeast Asia.