New House Rules

• For many families in Indonesia, owning a home can feel out of reach. Not only is there a shortage of houses, but the country’s financing systems are complex, confusing, and difficult to navigate.
• Helping to turn these pipe dreams into reality is 500-backed proptech company Ringkas, which just raised US$5.1M to enhance their AI-powered financing tools and accelerate their expansion in Southeast Asia, starting with a major push in Indonesia.
• The team offers pre-approved mortgage offers, refinancing options, and real-time financial advice — all delivered through the same platforms people already use to search for homes.
• Since launching in 2022, Ringkas has partnered with 29 banks, collaborated with over 150 property developers, and has served users across 47 cities.
• “Our mission is to build a seamless, AI-driven financial infrastructure platform that embeds into the everyday digital lives of Southeast Asians,” shared Co-founder Ilya Kravtsov. “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.”
• Read the full story on KrAsia.