Backed by Flourish Ventures and Kadan Capital, the funding will accelerate Ringkas’ expansion and AI development to make homeownership more accessible in emerging markets.
Singapore, Wednesday (May/21/2025) — Ringkas, an embedded infrastructure platform focused on simplifying and scaling access to mortgage financing, is proud to announce the successful closing of a Pre-Series A round. US$ 5.1 million was raised in this round, participating investors include Flourish Ventures, Kadan Capital, as well as several strategic and existing investors.
This marks a pivotal step in the company’s mission to enable millions of people across Southeast Asia, starting with Indonesia, to achieve homeownership through smarter, faster, and more accessible financing solutions.
This new funding will strengthen Ringkas’ position as a transformative force in financial infrastructure by enabling the development of future AI capabilities and expanding regional reach. The company is accelerating talent acquisition efforts, especially in Generative AI, calling for world-class talent from across Vietnam and Southeast Asia to join in building the future of embedded financial services.
Currently, Ringkas has rapidly scaled its operations, establishing a presence in 47 cities, collaborating with 150 property projects, and building partnerships with 29 banks through 700 branches. These achievements lay a strong foundation for the next phase of growth and innovation.
“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 beginning to lay the groundwork for future AI capabilities and broader financial inclusion,” he added.
Across Southeast Asia, including Indonesia, Vietnam, Philippines, Malaysia millions of families face persistent barriers to affordable and accessible mortgage financing. Ringkas is committed to addressing these challenges by developing a regionally adaptable financial infrastructure platform tailored to each market’s unique financing needs and regulatory landscapes. With deep partnerships with leading banks, real estate, and digital platforms, Ringkas empowers consumers with real-time financial advisory & personalized recommendations for pre-approved mortgages, home equity loans, or refinancing – all directly in the partner ecosystem.
“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.
“Ringkas is addressing one of the region’s most pressing challenges by making mortgage financing more accessible through technology,” said Ravi Kaushik, Executive Director at Flourish Ventures. “The fact that they have top property developers and leading banks on their platform is a testament to their strong execution in Indonesia, combined with a thoughtful approach to regional expansion and future AI integration, positions them well to build a meaningful and scalable financial solution for Southeast Asia,” he added.
As Ringkas scales, the company is doubling down on building AI infrastructure, making Southeast Asia not only a market but a hub for AI talent and innovation. Vietnam, with its strong pool of tech talent and fast-growing digital economy, will be a key center for Ringkas’ R&D and AI development.
This strategic milestone not only solidifies Ringkas’ commitment to transforming financial access but also strengthens its global partnerships with top-tier international banks and investors seeking to deliver top-tier returns across emerging markets.
About Ringkas
Ringkas is an embedded infrastructure platform founded in 2022 and dedicated to making mortgage financing and other asset backed financing more accessible through its innovative solutions, Ringkas streamlines the credit application process, allowing users to pre-qualify and obtain financing for their dream home quickly and efficiently. With a strong focus on customer experience, Ringkas continues to lead the transformation of the property financing landscape with AI infrastructure. The company collaborates with 29 financial partners across 700 bank branches, as well as currently operates in 47 cities.
