The real estate landscape in the Middle East and North Africa (MENA) is undergoing a significant shift, and at the forefront of this transformation is Egypt’s leading proptech company, Nawy.

Recently, Nawy announced a monumental $75 million Series A funding round, blending $52 million in equity and $23 million in debt financing.

This landmark investment, spearheaded by Partech and supported by major Egyptian banks, marks a significant moment for real estate technology in the region, positioning Nawy as Africa’s most dynamic and valuable proptech platform.

A Vision Born from Necessity

Launched in 2019 by founders Mostafa El-Beltagy, Mohamed Abou Ghanima, Abdel-Azim Osman, Ahmed Rafea, and Aly Rafea, Nawy set out to tackle the inefficiencies characterised by Egypt’s fragmented real estate market.

What began as a simple platform for property listings has evolved into a comprehensive, tech-driven ecosystem that addresses every facet of the property journey, from buying and selling to investing and managing assets.

This evolution reflects Nawy’s commitment to transparency, accessibility, and efficiency, values that resonate deeply in a market historically defined by opacity and complexity.

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Powering Growth with Cutting-Edge Solutions

Nawy’s platform now offers a suite of innovative products designed to meet the diverse needs of its users.

Among its flagship offerings is Nawy Now, a groundbreaking mortgage solution that introduces a “Move Now, Pay Later” model, making homeownership more attainable for Egyptians despite the country’s limited mortgage infrastructure.

Another game-changer is Nawy Shares, Egypt’s first off-plan fractional ownership product, which allows users to invest in premium properties starting at just $500, a democratising move that opens real estate investment to the middle-income segment.

Additionally, Nawy’s acquisition of ROA has given rise to Nawy Unlocked, a service focused on finishing and asset management.

This offering helps property owners transform underutilised or semi-finished properties into income-generating assets, addressing a critical pain point in the market.

On the B2B front, Nawy Partners empowers over 3,000 brokerages by providing real-time access to market inventory, direct developer connections, tech-driven sales tools, and enhanced commission structures, creating a win-win for both brokers and consumers.

Unprecedented Growth Amid Economic Challenges

Nawy’s growth trajectory is nothing short of remarkable. In 2024, the company achieved a Gross Merchandise Value (GMV) of $1.4 billion, attracting over 1 million monthly users.

Even more impressive is its revenue growth,50x in USD terms, over the past four years despite the Egyptian pound losing 69% of its value during the same period.

This resilience highlights Nawy’s ability to adapt and thrive in a volatile economic environment, driven by a surge in demand for real estate as a security against inflation and currency devaluation, particularly from expatriate buyers.

Fuelling Regional Ambitions with $75M

The $75 million funding round is a catalyst for Nawy’s ambitious expansion plans across the MENA region, a market primed for growth due to rapid urbanisation, a tech-savvy young population, and increasing real estate demand.

With this capital, Nawy aims to enter new markets such as Morocco, Saudi Arabia, and the UAE, where the real estate sector is booming.

The company also plans to enhance its AI-driven technology stack, further streamlining operations and improving user experiences. New verticals are on the horizon, promising to broaden Nawy’s impact across the property ecosystem.

“This funding round is more than just capital; it’s validation of our vision to transform real estate across MENA,” said Mostafa El-Beltagy, Nawy’s Co-Founder and CEO. “With our AI-first approach and integrated platform, we’re building the future of property buying, selling, and investing.”

A Vote of Confidence from Global Investors

The Series A round attracted a stellar lineup of investors, including Partech, e& Capital, March Capital, SoftBank via Nclude, VKAV, Shorooq, and DPI. Their backing reflects strong confidence in Nawy’s business model and its potential to scale across emerging markets.

Partech, in particular, has championed Nawy’s mission, with General Partner Tidjane Deme noting the company’s “deep market insights, ambitious regional expansion plans, and exceptional execution” as key factors positioning it as the leading proptech player in Africa and the Middle East.

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Why Nawy Matters for MENA’s Real Estate Future

The MENA region is at a turning point, with real estate emerging as a cornerstone of economic growth. Rapid urbanisation, along with significant infrastructure investments, has fuelled demand for both residential and commercial properties.

Nawy’s tech-forward approach emphasising transparency, speed, and accessibility addresses longstanding challenges in the sector, such as fragmented processes and lack of trust in traditional broker-driven models.

By digitising the industry and unlocking liquidity, Nawy is not just meeting demand but redefining how real estate transactions are conducted.

What’s Next for Nawy?

As Nawy sets its sights on regional dominance, its focus on innovation and scalability will be key. The integration of AI to enhance product offerings, combined with strategic acquisitions like ROA, positions Nawy to deliver unparalleled value to its users.

Whether it’s empowering first-time homebuyers with flexible financing, enabling investors to tap into fractional ownership, or supporting brokers with cutting-edge tools, Nawy is building a holistic ecosystem that caters to all stakeholders in the real estate value chain.

For those interested in the evolving proptech landscape, Nawy’s journey offers a compelling case study in how technology can transform even the most traditional industries.

As the company expands across MENA, it’s positioned to set new standards for what a modern real estate experience can be.

Ronnie Paul is a seasoned writer and analyst with a prolific portfolio of over 1,000 published articles, specialising in fintech, cryptocurrency, and digital finance at Africa Digest News.