Kameo, a leading investment platform in Scandinavia, has recently bolstered its foundations with a significant £1.1m investment from Incore Invest, as part of a broader £2.26m share issuance.
This strategic investment aims to further develop Kameo’s dynamic alternative lending platform, positioning it as a premier choice for property development investments across Scandinavia. With a robust user base of over 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 comprises a substantial £1.1m contribution from Incore Invest, reflecting a deep confidence in Kameo’s innovative lending approach. This financial infusion is a part of a larger £2.26m 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 forthcoming years.
Kameo’s platform stands out by providing a user-friendly interface that allows private individuals, companies, and institutions to invest directly in loans for property projects. Starting from modest amounts to substantial investments, the platform democratizes access to secured real estate loans, offering a marketplace that has proven to be transformative for the sector.
The company plans to use the new funding to enhance its platform and expand its services, aiming to democratise access to investment in secured real estate loans further. This strategic investment from Incore Invest, coupled 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.”
Keep up with all the latest FinTech news here.
Copyright © 2024 FinTech Global
