Cairo-based real estate technology company Nawy has announced a significant milestone, raising $52 million in a Series A equity funding round led by Partech, with participation from a notable group of regional and international investors. In addition to equity investment, the company secured $23 million in debt financing from leading Egyptian banks to bolster its mortgage product offerings.
From Listings to a Full-Stack PropTech Platform
Founded in 2019, Nawy has evolved from a property listings platform into a comprehensive full-stack proptech player, offering a diverse suite of services that include home purchases, mortgages, rentals, investment models, and B2B tools for brokers and developers. Its integrated approach is designed to streamline the entire real estate transaction process across Egypt and the wider MENA region.
Strategic Expansion and Innovation
The fresh funding will support Nawy’s entry into new markets across the Middle East and North Africa, as well as expand its verticals within Egypt. The company plans to further integrate advanced AI technologies into its platform to enhance user experience and operational efficiency.
According to Mostafa El-Beltagy, Co-founder and CEO, the capital will help realize Nawy’s vision of transforming how people access, invest in, and manage real estate in the region.
Addressing Core Pain Points
Nawy has adopted a structured approach to solving common challenges within the property sector in MENA:
- Nawy Now: A mortgage product designed for faster approvals and flexible payment options, including “Move Now, Pay Later.”
- Nawy Shares: Introduces fractional ownership, allowing more investors to participate in high-value real estate without full ownership commitments.
- Nawy Unlocked: An asset management service for property owners to optimize rental income and manage assets efficiently.
- Nawy Partners: A B2B platform providing over 3,000 real estate brokerages with access to developer inventories and sales tools powered by proprietary technology.
Impressive Growth in Challenging Economic Conditions
In 2024, Nawy reported $1.4 billion in GMV and serves over one million monthly users. Despite the Egyptian pound’s nearly 70% devaluation in recent years, the company has increased its dollar-denominated revenue by over 50 times in four years—an extraordinary achievement amidst economic turbulence.
Market Opportunities and Challenges
The real estate sector in the Middle East and North Africa remains one of the most capital-intensive and complex, driven by rapid urbanization, ongoing infrastructure development, and a digitally savvy population. Nawy’s strategy of a digital-first, vertically integrated platform aims to carve out a competitive edge and build enduring market presence where traditional property dealings still predominate.
Tidjane Deme, General Partner at Partech, expressed confidence in Nawy’s growth prospects:
“Their market experience and consistent execution position them well to scale across the region, and we believe in their ability to build impactful regional tech infrastructure.”
Final Thoughts
Nawy’s success lies in its ability to address tangible frictions in the real estate value chain with innovative, technology-driven solutions. The attention from notable, long-term investors underscores confidence in its model and potential.
While regional expansion will pose regulatory and consumer adoption challenges, Nawy’s track record in Egypt suggests it could become a pioneering force—and perhaps one of the few African-born startups shaping the Middle East’s real estate tech landscape.
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