Dagens industri: Kameo Challenges Banks with Real Estate Financing Platform

Kameo, a financing company, is disrupting traditional banking practices by offering a faster and more flexible platform for real estate project financing, according to a recent report in Dagens industri. The company aims to address the challenges real estate companies face in securing timely access to capital. General Manager Fredrik Källgren highlights that Kameo finances a diverse range of real estate projects throughout Scandinavia, encompassing both residential and industrial properties. Since its establishment in 2016, Kameo has facilitated loans totaling 8 billion SEK for various ventures. Källgren emphasizes that Kameo’s speed and flexibility provide a distinct advantage over traditional banks. While banks often require project valuations of approximately 300 million SEK, Kameo can finance projects starting at 10 million SEK and collaborate to fund larger initiatives. Kameo can develop a comprehensive financing plan within weeks, a significantly shorter timeframe compared to the six to twelve months typically required to obtain a quotation from a bank. Furthermore, Kameo finances residential projects, including cooperative housing associations, without the prerequisite of pre-sales, a service often difficult for traditional banks to provide. This enables projects to commence more rapidly and potentially increase apartment sale prices upon completion. Funding is secured through Kameo's credit fund, partnerships with institutional investors, and its investor network on the platform. This diversified funding model facilitates the financing of larger projects, with Kameo having arranged over 1,500 loans since its inception.