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Transforming the Property Investment Landscape: Incore Invest’s Strategic Investment in Kameo
Nicolai Chamizo
In an era where investment opportunities are evolving rapidly, the recent announcement from Kameo has sent ripples across Scandinavia’s investment community. The platform, renowned for its innovative approach to property investments, has received a significant boost with a £1.1 million investment from Incore Invest. This investment is part of a broader share issuance totalling £2.26 million, marking a pivotal moment in Kameo’s journey towards redefining the investment landscape.
Kameo stands at the forefront of the alternative lending space, offering over 65,000 investors a unique marketplace for loans to property developers. The platform’s appeal lies in its accessibility, with investment thresholds starting from as low as £38, stretching up to NOK 700 million through institutional partnerships. This inclusive approach has democratised investment in secured real estate loans, making it feasible for individuals to partake in property project investments across Scandinavia.
The strategic investment by Incore Invest is more than a financial endorsement; it is a testament to the confidence in Kameo’s innovative lending model. Having engaged with the platform for several years, the team at Incore Invest has witnessed first-hand the transformative impact of Kameo’s loan marketplace solution. This investment is set to fuel Kameo’s ambition to expand its services and reach a broader audience, further democratising investment opportunities.
The significance of Incore Invest’s contribution cannot be understated. It represents a substantial portion of the recent share issuance, alongside continued support from principal shareholders like ABG Sundal Collier. This influx of funds is earmarked to accelerate Kameo’s growth and expansion efforts. With ambitions to double the value of loans facilitated in the coming years, Kameo strategically aligns with its new investors to achieve these targets. Nicolai Chamizo, CEO and Founder of Incore Invest, will play a crucial advisory role on Kameo’s board, guiding the company through its next development phase.
Sebastian Martens Harung, CEO and Co-Founder of Kameo, expressed excitement about the collaboration with Incore Invest. He highlighted the alignment in vision and the expertise that Incore Invest brings, especially with Nicolai Chamizo joining the board. This partnership is poised to navigate the challenges of a fluctuating sector, leveraging collective experience and insight to steer Kameo towards continued success.
Incore Invest’s investment philosophy focuses on supporting high-growth potential businesses that lead and innovate within their markets. With a portfolio that includes names like Brite Payments, Savr, and Mynt, Incore Invest has a proven track record of backing Scandinavian startups poised for breakthrough success. Kameo’s inclusion in this portfolio underscores Incore Invest’s commitment to fostering innovation and growth within the property investment sector.
Nicolai Chamizo remarked on the potential for Kameo to revolutionise the property investment sector, making it more straightforward for developers to secure funding and for private investors to access high-quality loans through an easy-to-use platform. With Incore Invest’s backing, Kameo is well-positioned to enhance its market presence and operational excellence, embarking on an exciting growth journey.
As we witness this strategic partnership unfold, it’s clear that Kameo and Incore Invest are set on a path to transform the property investment landscape in Scandinavia. By making property investment more accessible and streamlined, they are shaping the future of real estate financing and empowering individuals to engage in investment opportunities previously beyond reach. This collaboration marks the beginning of a new chapter in property investment, promising a brighter, more inclusive future for investors across Scandinavia.
Brite Payments is a fast-growing second-generation challenger in the European payment space. Allowing consumers to make payments using their bank account, Brite employs state-of-the-art open banking technology to process instant payments across Europe across a wide range of verticals. With connections to many of the continent’s largest banks, consumers and merchants receive their funds instantly, making online payments safer and more convenient than ever. Brite was founded and led by an experienced team of FinTech executives from the likes of Klarna, Qliro, Trustly and iZettle, to name a few.
Mynt is a Swedish fintech offering smart company cards that simplifies expense management. Hand out a Mynt card to everybody in the company and set individual spending limits to each person, giving the CFO control over the company’s spend in real time. With full integration to the accounting system, users save both time and money by automating expense management and sending all receipts straight into the accounting system. Mynt is building smart solutions around all corporate spend that makes everyday business life easier.
SAVR is a disruptive marketplace for savings with the ambition to create transparency and improved experiences for long-term savers. SAVR offer a fund and pension saving platform without high commission and distribution fees. On average customers pay half the fund fee compared to investments through other banks and saving services. All commissions are fully refunded to customers.
Kameo is an investment platform that offers attractive investment opportunities for everyone. Kameo’s platform connects more than 65,000 retail and institutional investors with Scandinavian real estate developers and companies. Since its inception in 2016, Kameo has facilitated over 1,000 loans, accumulating a total value of over SEK 5 billion. The average net return for investors has been more than 9 percent annually. Kameo employs a team of 30 professionals across its offices in Stockholm, Oslo, and Copenhagen. ABG Sundal Collier and Incore Invest are strategic owners in the company.