Ringkas operates a digital platform for housing finance that lets customers apply to multiple banks with real-time pre-qualification, aiming to simplify a traditionally manual and fragmented mortgage process. The company emphasizes data security, audit trails, and restricted access for relevant parties in the mortgage workflow. With the new funding it plans to develop and scale its platform across numerous Indonesian cities and expand into the secondary market. Ringkas is already active in five cities and has secured more than $2 billion in housing supply through partnerships with major real estate developers. The team says it aims to launch over 100 projects in 34 cities and complete up to $200 million in mortgage transactions within the next 6–12 months. Its long-term goal is to enable mortgage access for a large portion of Indonesia’s population by addressing low mortgage penetration and the national housing backlog.

Total raised

$4M

Funding rounds

1

Latest round

Seed

Latest activity

May 2023