Stockholm based small company loan platform Kameo has raised $1.2m in venture funding led by Norwegian investor Ola Heldal.
“We started with the idea to lend to any small business owner, but now we have such a inflow from real estate, that we have chosen to focus on this industry specifically. In addition, real estate is a good security,” said Sebastian Harung, co-founder and CEO of Kameo. Harung says they are primarily focused on small construction companies that use Kameo to supplement bank loans for building projects. Kameo takes a commission from each loan a company takes out. Kameo was founded in 2014, but the launch of the website has been delayed. “Initially, we wanted to use a Saas-platform, but the one we chose wasn’t approved by the Danish FSA. So, we chose to develop our own.” said Mr. Harung. Earlier this year, Kameo raised about $1.2 million from a number of Norwegian heavyweights from the financial world.