Mortgage technology platform Ringkas has raised US$5.1 million in a Pre-Series A funding round, The Digital Banker has learned.

The funding was backed by Flourish Ventures, Kadan Capital, and a group of existing and strategic investors.

The funds will be used to strengthen Ringkas’ AI capabilities, grow its team, and extend its reach across Southeast Asia.

With a presence in 47 Indonesian cities, Ringkas supports 150 property projects and works with 29 banks through 700 branches.

Its platform integrates directly into partner ecosystems—such as real estate and digital platforms—to offer users pre-approved loans, refinancing options, and home equity solutions.

Vietnam has been identified as a key hub for research and development, where Ringkas plans to recruit tech talent to advance its AI infrastructure.

The company is positioning this centre as part of a broader strategy to drive product innovation and improve the accessibility of home financing across the region.

As affordability challenges persist in markets like Indonesia, Vietnam, Malaysia, and the Philippines, Ringkas aims to simplify the path to homeownership by adapting its embedded infrastructure to meet local regulatory and financial conditions.

Featured image: Edited by Fintech News Indonesia based on image by EyeEm via Freepik