Kameo Challenges Banks with Real Estate Financing Platform - Dagens industri

Fintech company Kameo is disrupting traditional real estate financing by providing a faster and more flexible platform for property developers, according to Dagens Industri. Recognizing the challenges real estate companies face in securing timely access to capital, Kameo offers financing solutions for a range of projects across Scandinavia, including residential and industrial properties. Fredrik Källgren, General Manager at Kameo, highlights the company's agility as a key advantage over conventional banks. While banks often target projects around 300 million kronor, Kameo finances projects starting at 10 million kronor and participates in co-financing larger initiatives. Significantly, Kameo can develop a financing plan within weeks, a stark contrast to the six-to-twelve-month timeframe typical of traditional banking institutions. Kameo's financing model includes funding residential projects before pre-sales are secured, allowing developers to commence construction sooner. This contrasts with traditional banks, which frequently require pre-sales before financing cooperative housing associations. Since its founding in 2016, Kameo has facilitated loans totaling 8 billion kronor. Kameo's platform connects property companies directly with investors. Funding is sourced through Kameo's credit fund, strategic partnerships with institutional investors, including an international pension fund, and its established investor network, enabling the company to support large-scale development projects.