Kamuno

What Kamuno does

Kamuno AG operates a fully digital lending platform that provides Swiss small and medium-sized enterprises with credit lines of up to CHF 250,000. Founded in March 2024 as the first subsidiary of Urner Kantonalbank (UKB), which holds a 70% stake, Kamuno targets the underserved segment of small Swiss businesses with 2-9 employees that find traditional bank financing too slow and complex. The platform combines a self-serve initial assessment tool that produces a non-binding loan estimate within minutes, a digital loan request portal (portal.kamuno.ch) with qualified electronic signature, and AI-assisted credit decisioning based on 100-120 programmed rules derived from UKB's manual credit criteria. After approval, borrowers receive a flexible credit line with at least 50% paid out immediately and the balance held as a reserve, with interest charged only on amounts actually drawn.

The company's revenue model is a hybrid of usage-based interest income (risk-based annual rates of 3.5%-11% applied to outstanding balances per Swiss 30/360 day count) and tiered transaction fees (1.20%-2.50% of the withdrawal amount, varying by loan size), supplemented by ancillary charges for late payment reminders (CHF 30 each), default interest (1.5% above the highest applicable rate), and an early-repayment special fee (CHF 300 flat). Go-to-market is primarily product-led through the kamuno.ch website, complemented by an inside-sales layer for partner and enterprise clients via a dedicated partner portal, and channel distribution through UKB's customer base and a network of Gold Partners including Treuhand Suisse, KMU Swiss, and Konsumentenbund. The company is supervised by VQF under the Anti-Money Laundering Act as a regulated financial intermediary.

Kamuno is led by CEO and co-founder Regis Lehmann, a 20-year Swiss banking veteran (formerly GE Money Bank, Cembra Money Bank, DAI Group), with UKB CEO Christoph Bugnon serving as Chairman of the Board. Following a pilot phase that began in late 2024 and controlled expansion from April 2025, the company is targeting profitability in 2026-2027. Its current operating geography is exclusively Switzerland, with the platform available in English, German, and French.

Name

Kamuno

Legal name

Kamuno AG

Website

https://kamuno.ch

Company type

Private

Founded year

2024

Operating status

Operating

Headcount range

1–10 employees

Short description

Kamuno AG is a Swiss digital lender, founded in 2024 as a 70%-owned subsidiary of Urner Kantonalbank, offering AI-assisted SME credit lines up to CHF 250,000 to small businesses underserved by traditional banks. It generates revenue through risk-based interest and tiered transaction fees.

Ownership category

akta.pro rank

Product category

SME Lending / Digital Lending

NAICS

Credit Intermediation and Related Activities (522)

SIC

Short-Term Business Credit Institutions (6153)

akta.pro primary industry

SME Lending & Working Capital Platforms (FSAGAJAA)

akta.pro secondary industries

SME Lending Platforms & Embedded SME Credit (FSAKAGAJ), SME Term Loans & Growth Capital (FSAKAGAB), SME Credit Underwriting, Scoring & Risk Analytics (FSAKAGAL)

Keywords

• SME lending
• Digital loans
• Flexible credit line
• SME financing
• Business credit

Headquarters

HQ city

Altdorf

HQ country

Switzerland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations, Others

Revenue model

1. Interest Income: Risk-based annual interest rates between 3.5% and 11% charged on the outstanding loan amounts drawn by SMEs. Interest is calculated daily per Swiss day count standard (30/360).
2. Upfront/Processing Fees: Percentage-based fees calculated on each loan withdrawal amount, deducted directly from disbursed funds. Fee tiers range from 2.50% (CHF 0-49,999) down to 1.20% (CHF 200,000-250,000). Includes opening, identification, and withdrawal fees.
3. Extraordinary Fees: Late payment reminder fees (CHF 30 per reminder), default interest (1.5% above highest rate), and early repayment special fees (CHF 300 flat) for unscheduled repayments.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels7 records

Core offering

Kamuno provides a digital SME lending platform that offers flexible credit lines up to CHF 250,000 to Swiss small and medium-sized enterprises. The platform combines an AI-powered initial assessment (completing in 5 minutes) with a fully digital loan application and disbursement process, allowing SMEs to receive credit decisions within days. Borrowers pay interest and fees only on the amount of credit they actually draw, with at least 50% of the approved line paid out immediately and the remainder kept as a flexible reserve.

Product overview

Kamuno offers a single unified digital lending platform for Swiss SMEs, centered on the SME Loan with Flexible Credit Line product. The platform combines an Initial Assessment tool for immediate credit estimates with a full Loan Request Portal for document submission and credit evaluation. Built on AI-powered automated credit decisioning, the system processes loan applications in minutes versus the traditional banking process. Kamuno is a subsidiary of Urner Kantonalbank (UKB) founded in March 2024, serving as an innovative financing channel for small businesses with 2-9 employees seeking loans between CHF 5,000 and CHF 250,000.

Differentiator

Problem solved

Functional benefit

Products and services

• SME Loan with Flexible Credit Line A flexible credit line product that allows Swiss SMEs to access financing up to CHF 250,000, with at least 50% paid out immediately upon approval and the remainder kept as a reserve that can be drawn as needed. Interest and fees are charged only on amounts actually drawn. Targeted at small Swiss SMEs (2-9 employees) that have been operating for at least 12 months with CHF 100,000+ annual turnover.
• Initial Assessment A free online tool that provides an immediate, non-binding estimate of a possible loan amount based on a few key company figures. No documents are required, and the assessment is delivered in approximately 5 minutes using AI. Designed as the entry point for Swiss SMEs exploring Kamuno financing.
• Loan Request Portal A digital submission portal where SMEs upload required documents (ID, financial statements, bank statements, etc.) to formalize their loan request after completing the initial assessment. Includes qualified electronic signature for contract acceptance and supports the full loan workflow up to credit line payout.

Quantifiable outcome

• Initial credit assessment completed in 5 minutes using AI
• +3 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability7 records

Feature4 records

Partnerships

Eight partnerships are on record, tiered minor, flagship and core.

• Wechselstube.chminorStrategic or Co-development Partner · 25 June 2025Partnership announced in June 2025 for SME financial flexibility. The collaboration provides Swiss SMEs with enhanced access to financial solutions combining Kamuno's credit offerings with Wechselstube.ch services.
• SolarifyflagshipStrategic or Co-development Partner · 16 December 2024Strategic partnership between UKB and Solarify, a Switzerland-wide solar company. Through this cooperation, UKB customers can access solar solutions (roof partnerships without own investment) and investment opportunities in solar projects. Kamuno supports this growth strategy. Solar projects are crowd-funded via solarify.ch platform.
• Treuhand SuisseminorGTM or Marketing PartnerGold Partner status. Treuhand Suisse is a Swiss fiduciary/trust industry association representing accounting and fiduciary service providers who may refer SME clients to Kamuno.
• KMU SwissminorGTM or Marketing PartnerGold Partner status. KMU Swiss is an SME association that supports small and medium businesses in Switzerland and may refer members to Kamuno for financing solutions.
• Hochschule Luzern (HSLU)minorStrategic or Co-development PartnerAcademic partner for the KMU Studie Schweiz 2026 research study. HSLU's IFZ institute (Institut für Finanzwirtschaft) conducts the survey on SME financing challenges in Switzerland in collaboration with Kamuno, PostFinance, and Tellco.
• PostFinanceminorGTM or Marketing PartnerSponsor/collaborator for the KMU Studie Schweiz 2026 survey. Swiss postal bank participating in research on SME financing needs.
• TellcominorGTM or Marketing PartnerSponsor/collaborator for the KMU Studie Schweiz 2026 survey. Swiss financial services company participating in SME financing research.
• VQFcoreOthersKamuno AG is a financial intermediary pursuant to Art. 2 para. 3 lit. a of the Anti-Money Laundering Act (AMLA) and is supervised by VQF (Verein zur Qualitätssicherung von Finanzdienstleistungen), a self-regulatory organization for quality assurance of financial services in Zug, Switzerland.

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• iwoca: UK-based fintech providing flexible credit lines and term loans to SMEs with a fully digital application and AI-driven underwriting. Closely comparable business model to Kamuno's flexible SME credit line and pay-for-use structure.
• Funding Circle: UK-listed SME lending platform originating working capital and term loans to small businesses via a digital application process. Highly comparable to Kamuno as a digital-first SME lender targeting underserved small businesses with faster decisions than banks.
• Billie: Berlin-based B2B fintech offering Buy Now Pay Later and working capital solutions to SMEs. Comparable as a digital-first European SME financing platform targeting liquidity and short-term funding pain points similar to Kamuno's.
• OnDeck Capital: US-based online small business lender using data and technology for SME credit decisions and short-term working capital loans. Comparable as a data-driven SME lender replacing traditional bank underwriting with automated decisioning.
• Creditshelf: Germany-based digital lending platform offering SME working capital and growth financing. Comparable as a European digital SME lender with similar ticket sizes and customer profile (mid-market SMEs underserved by traditional banks).

Broad incumbents

• PostFinance: Swiss state-owned postal bank offering SME financing and current accounts with a national branch and digital footprint. Comparable as a broad Swiss incumbent currently collaborating with Kamuno on the KMU Studie Schweiz 2026.
• Raiffeisen Schweiz: Swiss cooperative banking group with deep SME penetration through its regional member banks. Comparable as a broad Swiss incumbent serving the same SME financing market Kamuno targets, but via traditional branch-based lending.
• Cembra Money Bank: Swiss consumer and SME finance provider listed on the SIX Swiss Exchange. Highly comparable because Kamuno's CEO Regis Lehmann served on its Executive Board through its 2013 IPO, and Cembra operates consumer/SME credit products in the same Swiss market.

Regional players

• Bank Cler: Swiss digital-focused bank offering SME and consumer banking products. Comparable as a digital-first Swiss bank addressing similar SME customer needs, though operating from a broader product suite than Kamuno's single lending product.
• Hypothekarbank Lenzburg: Swiss regional bank known for digital SME banking products and fintech partnerships (e.g., banking-as-a-service clients). Comparable as a smaller Swiss bank experimenting with digital SME offerings, but operating at a regional rather than national level.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@kamuno-finance
• LinkedInlinkedin.com/company/kamuno
• Instagraminstagram.com/kamuno.ch

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Kamuno