Kenya’s Patamali has developed a groundbreaking decentralised finance (DeFi) platform operating on the Celo blockchain that aims to revolutionise the real estate financing space.
Founded by Laura Omanga and Allan Musomba Mulei in November 2021, Patamali was born out of a passion to provide accessible financing solutions, ensuring that individuals and businesses have the opportunity to access capital while enabling investors to diversify their portfolios.
Its innovative approach involves tokenising real estate assets as non-fungible tokens (NFTs) and locking them into liquidity pools, providing asset originators with immediate capital based on the value of their assets.
“Our journey began with a deep-rooted belief in the power of decentralization and blockchain technology,” said Omanga. “We envisioned a financial ecosystem that would be transparent, inclusive, and efficient, empowering individuals, institutions, and asset originators to unlock the value of their real estate assets and…