Kameo Challenges Banks with Real Estate Financing Platform

Kameo, a financial platform, is targeting real estate companies seeking rapid and adaptable financing solutions, positioning itself as an alternative to traditional banking institutions. According to Fredrik Källgren, General Manager at Kameo, the company aims to streamline the financing process for property developers throughout Scandinavia. Since its inception in 2016, Kameo has facilitated loans for projects valued at 8 billion kronor, encompassing both residential and industrial properties. Källgren emphasizes the platform's speed and flexibility as competitive advantages. Kameo can finance projects starting at 10 million kronor, significantly lower than the typical 300 million kronor minimum often required by banks. Notably, Kameo can develop a financing plan within weeks, a substantial improvement over the six to twelve months often required by traditional banks. A key differentiator for Kameo is its capacity to finance housing projects, including housing cooperatives, without requiring pre-sold units. This allows developers to commence construction earlier and potentially realize higher sales prices upon completion. Kameo's funding stems from its proprietary credit fund, strategic partnerships with institutional investors, including a major international pension fund, and a network of individual investors on its platform. This diverse funding structure allows Kameo to finance projects across a broad spectrum of sizes.