Kameo, a leading Scandinavian investment platform specialising in real estate project investments, has partnered with Neonomics, a pioneering open banking company, to enhance payment processes through open banking technology.
The collaboration aims to streamline and automate payments for Kameo users by leveraging Neonomics’ Nello Pay solution, according to FF News.
The integration will provide seamless access to bank accounts across Sweden, Norway, and Denmark, enabling faster payments, reducing transaction costs, and improving conversion rates for Kameo’s platform users.
Neonomics, headquartered in Norway, offers advanced open banking solutions designed to enable secure and efficient digital payments.
Its flagship product, Nello Pay, simplifies payments by directly connecting users to their bank accounts, making transactions faster and more cost-effective.
Founded in 2016, Kameo provides a platform for private individuals and businesses to invest in real estate projects through loan-based crowdfunding.
The company has facilitated over €580m in loans and boasts a user base of 65,000. Kameo’s platform handles all aspects of transactions, including interest payments between borrowers and investors, ensuring a smooth user experience.
Through this partnership, Neonomics will implement Nello Pay across Kameo’s operations in Sweden, Norway, and Denmark, allowing investors to make deposits and payments efficiently and securely.
This integration is expected to enhance the overall user experience while supporting Kameo’s expansion ambitions.
Sebastian Martens Harung, CEO and Co-founder of Kameo, expressed enthusiasm about the collaboration, stating, “We are thrilled to partner with Neonomics and leverage Nello Pay to enhance the experience for investors on our platform. Having previous insight and experience into the value open banking can bring to our business, we recognized Neonomics as the ideal partner to facilitate further growth, as they offer technical agility and cost efficiency unlike others in the markets.”
Christoffer Andvig, CEO and Founder of Neonomics, echoed this sentiment, commenting, “Kameo has built a fantastic offering, enabling a far greater number of people to pursue real estate investing in a completely novel way. We are excited to support their growth and look forward to working closely together to grow existing market development with an eye out for new markets and new services powered by our fast payments and agile data services.”
Keep up with all the latest FinTech news here.
Copyright © 2024 FinTech Global
