On May 31, 2022, Ringkas announced it had secured a US$2.3 million pre-seed funding from 500 Global, Iterative Capital, Creative Gorilla Capital, Teja Ventures, init6, and several founders of companies valued at over US$1 billion. With the funds that Ringkas has received, they will focus on building a digital mortgage platform in collaboration with Ciputra Group, the largest property developer in Indonesia.

As a first step, Ringkas will recruit 10,000 home seekers focusing on the Jabodetabek area. After that, Ringkas also expanded its market throughout Indonesia to Southeast Asia. Having a comfortable home is one of the main psychological needs of humans. A better home will open opportunities, build a family, pursue a career, work, live well, and so on.

Ringkas is the solution to solving the homeownership problems that many people face by digitizing the entire value chain and creating an intelligent platform that will simplify the mortgage process, efficiently match customer profiles, and target assets with the risk appetite of financial institutions.