Ringkas, an Indonesia-based mortgage financing platform, has announced the closing of a Pre-Series A round at $5.1 million.

The firm said in a statement on Wednesday that the funding was raised from participating investors, including Flourish Ventures, Kadan Capital, and several strategic and existing investors.

It noted that the funding marks a pivotal step in its mission to enable millions of people across Southeast Asia to achieve homeownership through smarter, faster, and more accessible financing solutions.

It added that the new funding will strengthen the company’s position as a key player in financial infrastructure by supporting the development of future artificial intelligence (AI) capabilities and expanding its regional reach.

Additionally, the company is accelerating talent acquisition efforts, particularly in generative AI, calling for talent from across Vietnam and Southeast Asia to help build the future of embedded financial services.

Ringkas claims to have rapidly scaled its operations, establishing a presence in 47 cities, collaborating on 150 property projects, and forging partnerships with 29 banks through 700 branches.

It highlighted that these achievements provide a strong foundation for the next phase of growth and innovation.

“Our mission is to build a seamless, AI-driven financial infrastructure platform that integrates into the everyday digital lives of Southeast Asians,

“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.

It is noted that across Southeast Asia—including Indonesia, Vietnam, the Philippines, and Malaysia—millions of families face persistent barriers to affordable and accessible mortgage financing.

Ringkas said the firm is committed to addressing these challenges by developing a regionally adaptable financial infrastructure platform tailored to each market’s unique financing needs and regulatory landscape.

With deep partnerships across leading banks, real estate firms, and digital platforms, it said the firm empowers consumers with real-time financial advisory and personalized recommendations for pre-approved mortgages, home equity loans, or refinancing—delivered directly within the partner ecosystem.

“Ringkas has emerged as the leading platform making homeownership in Indonesia more accessible and seamless,

“The founding team and their powerful network of partners have reinforced our belief in the company,” said Rei Murakami Frenzel, founding partner at Kadan Capital.

Meanwhile, Ravi Kaushik, executive director at Flourish Ventures, said the company is addressing one of the region’s most pressing challenges by making mortgage financing more accessible through technology.

“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, they are well positioned to build a meaningful and scalable financial solution for Southeast Asia,” he added.

According to the statement, as Ringkas scales, the company is doubling down on building AI infrastructure, aiming to make 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 serve as a key center for Ringkas’ R&D and AI development.

This strategic milestone not only reinforces Ringkas’ commitment to transforming financial access but also strengthens its global partnerships with top-tier international banks and investors seeking strong returns across emerging markets, said the statement.

#Fintech #AIinFinance #SoutheastAsia #MortgageInnovation #FinancialInclusion