Ringkas has closed a $5.1-million in a pre-Series A round, while Remind and Vidio have raised $1.3 million and $2 million in funding, respectively.
Ringkas secures $5.1m from Flourish Ventures, Kadan Capital, others
Ringkas, an Indonesian embedded fintech platform focused on simplifying mortgage access, has closed a $5.1-million pre-Series A round, with backing from Flourish Ventures, Kadan Capital, and a group of strategic and existing investors.
The funding will support the company’s efforts to build an AI-powered financial infrastructure platform that simplifies access to mortgage financing across Southeast Asia, including hiring new regional talents to deepen its presence, and accelerating the development of Agentic AI capabilities to further personalise and digitise the lending experience.
“Our mission is to build a seamless, AI-driven financial infrastructure platform that embeds into the everyday digital lives of Southeast Asians. 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,” said Ilya Kravtsov, co-founder of Ringkas, in a statement.
Founded in 2022, Ringkas sees significant opportunity across markets like Vietnam, Malaysia, the Philippines, and Indonesia, where millions still face limited access to affordable housing finance. Ringkas is committed to addressing these challenges by developing a regionally adaptable financial infrastructure platform tailored to each market’s unique financing needs and regulatory landscapes.
Remind secures $1.3m from Bali Investment Club, Beenext, others
Remind, an Indonesian e-waste management startup, has raised $1.3 million in a funding round led by Bali Investment Club (BIC) and Beenext, with participation from Spiral Ventures, Tech in Asia reported.
Remind will use the fresh capital to enhance its recycling infrastructure and establish a new material separation facility to improve metal recovery from discarded electronics.
“Remind’s forward-thinking approach to e-waste recycling has the potential to reshape the industry,” said Nicolo Castiglione, managing partner at Bali Investment Club. “Their strong focus on sustainability and operational scale makes them a standout in Indonesia’s growing circular economy.”
Founded in 2020, Remind focuses on collecting electronic waste from manufacturers and institutions, dismantling the devices to extract valuable materials such as gold, copper, and silver. Since launching full operations in September 2023, the company has processed approximately 3,500 tonnes of e-waste, which it claims is equivalent to offsetting around 5,600 tonnes of CO₂ emissions.
Vidio bags $2m from Sinar Mas unit
Indonesian video-streaming platform Vidio, a subsidiary of EMTEK Group, has secured 32.8 billion rupiah (around $2 million) in funding from PT Dian Swastika Sentosa Tbk (DSSA), part of the Sinar Mas Group. The investment is part of a rights issue conducted by Vidio to strengthen its growth initiatives.
The capital raise will support the company’s long-term growth, including enhancements in local content production, technological advancements, and improved monetisation strategies. These strategies are believed to be able to strengthen Vidio’s market position and move closer to profitability amid an increasingly competitive OTT landscape.
“Our investment in Vidio reflects our commitment to strengthening content within Indonesia’s digital ecosystem. Vidio has demonstrated its unique value as a competitive and innovative local OTT platform, particularly through its focus on local storytelling and premium sports. We believe this synergy will be key in fostering a complementary and globally competitive digital industry,” said Daniel Cahya, director at DSSA, in the company’s statement.
Sinar Mas Group first invested in Vidio in 2022, participating in a $45-million funding round that also included Grab and PT Ekonomi Baru Investasi Teknologi, the subsidiary of football club Bali United.
