Sweden’s Kameo secures £1.1m to expand investment platform
By Gloria Methri
Kameo has announced a £1.1m investment from Incore Invest as part of a £2.26 million share issuance. Kameo is a Swedish investment platform that helps private individuals, companies and institutions invest directly in loans for property projects throughout Scandinavia.
The company has created an attractive asset class that has proven popular with Scandinavian investors by providing a marketplace for loans to property developers. With over 65,000 investors registered, the platform enables accessible investments starting from £38, to substantial fundings up to NOK 700 million, invested through an institutional partnership announced last year.
The company has now received a strategic investment from Incore Invest as it looks to develop its dynamic alternative lending platform further.
The deal forms a major portion of a larger £2.26 million share issuance, where main shareholders like ABG Sundal Collier continue its support, designed to fuel Kameo’s immediate growth and expansion plans.
In the next year, Kameo aims to double the value of facilitated loans in 2024 and 2025. To oversee this expansion, Nicolai Chamizo, CEO and Founder at Incore Invest will join Kameo’s board in an advisory position.
Sebastian Martens Harung, CEO and Co-Founder of Kameo 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.”
Speaking on the deal, Nicolai Chamizo, CEO and Founder at Incore Invest, said, “Kameo is a game-changing company in the property investment sector and looks primed for a breakout year in 2024. With Incore Invest’s support, we’re making it easier for developers to get the funding they need, whilst also making it possible for private investors to invest in high-quality loans through an easy-to-use, modern platform. We’re fully committed to leveraging our deep expertise and powerful network to enhance the company’s market presence and operational excellence along its exciting growth journey.”
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