Swedish investment platform Kameo partners Neonomics for open banking payments
Swedish investment platform Kameo has partnered with Norway’s Neonomics to enable its users to streamline and automate payments through open banking.
Kameo will utilise Neonomics’ Nello Pay solution
The partnership will see Kameo deploy Neonomics’ open banking-powered payment service, Nello Pay, which the company says will enable “faster and more efficient payments that simultaneously reduce costs while optimising conversion”.
Launched by Neonomics in October, Nello Pay is designed primarily for pay-by-bank transactions with an additional option for users to pay by card.
The solution offers Nordic payment guarantees, automated due dates for recurring payments, real-time payment tracking and loyalty boosts aimed at enhancing customer retention.
The Kameo platform, launched in 2016, allows retail investors and businesses to invest in loans for real estate projects across Sweden, Norway and Denmark.
Backed by Incore Invest and Nordic investment bank ABG Sundal Collier, Kameo claims to have facilitated more than 1,200 loans among 65,000 investors, with a total loan value exceeding NOK 6.7 billion ($602 million).
Sebastian Martens Harung, CEO and co-founder of Kameo, says he expects the partnership with Neonomics to “facilitate further growth” for the platform.
Kameo now joins a growing list of financial institutions in the Nordics turning to Neonomics for open banking capabilities, after Odense-headquartered Facit Bank integrated the vendor’s checkout solution into its invoicing and payment functions in October.
