Kameo, a prominent investment platform in Scandinavia, has recently received a significant £1.1 million investment from Incore Invest, as part of a broader £2.26 million share issuance.
This strategic investment aims to further enhance Kameo’s dynamic alternative lending platform, solidifying its position as a premier choice for property development investments across Scandinavia. With a robust user base exceeding 65,000 investors, Kameo offers an accessible marketplace for loans to property developers, highlighting an attractive asset class that has garnered popularity among Scandinavian investors.
The investment consists of a substantial £1.1 million contribution from Incore Invest, reflecting a deep confidence in Kameo’s innovative lending approach. This financial injection is part of a larger £2.26 million share issuance, which also sees continued support from major shareholders such as ABG Sundal Collier. The funds are earmarked to fuel Kameo’s growth and expansion plans, with an ambitious target to double the value of facilitated loans in the coming years.
Kameo’s platform distinguishes itself by providing a user-friendly interface that enables private individuals, companies, and institutions to invest directly in loans for property projects. From modest amounts to substantial investments, the platform democratizes access to secured real estate loans, offering a marketplace that has proven transformative for the sector.
The company intends to utilize the new funding to enhance its platform and expand its services, further democratizing access to investment in secured real estate loans. This strategic investment from Incore Invest, along with the expertise of Nicolai Chamizo joining Kameo’s board, underscores a shared vision for scaling the platform and making high-quality property investments accessible to a broader audience.
Kameo CEO and Co-Founder Sebastian Martens Harung said, “Incore Invest is an ideal match for Kameo. We are excited about the prospect of collaborating with the company to further accelerate Kameo’s growth, bolstered by its expert leadership team and demonstrated track record of successfully scaling up prominent fintechs. The inclusion of Nicolai Chamizo on our board will be a vital asset as we approach this important phase of our development and gives us even greater support to continue navigating a sector in flux.”
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By Proptechbuzz
By Ravi Kumar