Backed by Flourish Ventures and Kadan Capital, the funding will drive expansion and innovation to boost homeownership in emerging markets
SINGAPORE, 21 May 2025 – Ringkas, a leading embedded infrastructure platform for mortgage financing, has announced the successful closing of its US$5.1 million Pre-Series A funding round, led by Flourish Ventures and Kadan Capital, alongside strategic and existing investors. This milestone positions Ringkas to accelerate its expansion across Southeast Asia and deepen its development of AI-powered solutions designed to make homeownership more accessible.
Founded with the mission to simplify mortgage access, Ringkas is rapidly gaining momentum as a transformative force in the regional financial infrastructure field. The company has already established operations in 47 cities, supported 150 property projects, and partnered with 29 banks through a network of 700 branches.
“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.”
Fueling Regional Expansion and AI Talent Development
With the fresh capital, Ringkas plans to bolster its presence in key Southeast Asian markets—including Malaysia, Vietnam, Indonesia, and the Philippines—while enhancing its AI capabilities to deliver personalized mortgage solutions in real time. The company is also expanding its talent acquisition efforts, focusing on Generative AI and attracting top-tier tech professionals from across the region.
“Ringkas has emerged as the leading platform making homeownership in Indonesia more accessible and seamless,” said Rei Murakami Frenzel, Founding Partner at Kadan Capital. “The visionary founding team and their powerful network of partners have reinforced our belief in the company.”
“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. “Their strong execution in Indonesia and thoughtful approach to regional expansion and AI integration position them well to build a meaningful and scalable financial solution for Southeast Asia.”
Building Infrastructure for Financial Inclusion
Ringkas empowers consumers through embedded financial services that provide real-time financial advisory, personalized mortgage recommendations, and access to pre-approved loans, home equity solutions, and refinancing options—all integrated within its partner ecosystem. By collaborating with banks, real estate developers, and digital platforms, Ringkas is actively reshaping how financing is delivered in emerging markets.
Looking ahead, Vietnam is set to become a key hub for Ringkas’ AI R&D, given its rapidly growing digital economy and rich tech talent pool.
