Cairo-based proptech trailblazer Nawy just scored a massive $52 million Series A funding round to fuel its ambitious expansion across the MENA region. The round was led by global VC firm Partech, with strong backing from a powerhouse list of regional and international investors like e& capital, March Capital, Shorooq Partners, VentureSouq, Verod-Kepple Africa Ventures, and many more.
But that’s not all — Nawy also secured $23 million in debt financing from top Egyptian banks to turbocharge the growth of its mortgage services.
What Is Nawy?
Launched in 2019, Nawy started as a property listings platform. Fast-forward to today, and it’s Africa’s largest proptech platform, transforming how people buy, sell, finance, and manage property. Think of it as a one-stop-shop for everything real estate.
Here’s what Nawy now offers:
- ✅ Nawy Now – A licensed mortgage product with instant approvals and “Move Now, Pay Later” options.
- ✅ Nawy Shares – Egypt’s first fractional ownership model for investing in premium real estate.
- ✅ Nawy Unlocked – Asset management and rental monetization, following the acquisition of ROA.
- ✅ Nawy Partners – A B2B solution providing 3,000+ brokerages with developer inventory, sales tools, and flexible commissions.
In 2024 alone, the company recorded over $1.4 billion in GMV and served more than 1 million users every month. Even during a 69% currency drop in the Egyptian pound, the company grew its USD-denominated revenue by 50x over just four years. That’s serious momentum.
MENA Expansion Just Got Real
With this funding, Nawy will stay focused on:
- Entering new MENA markets
- Growing verticals within Egypt
- Doubling down on AI-powered product innovation
According to Co-Founder and CEO Mostafa El-Beltagy, this funding is a “major leap forward” that will allow Nawy to reimagine real estate and scale across the region.
“We’re not just building tools—we’re creating the infrastructure layer for real estate in MENA,” he said.
Partech’s General Partner Tidjane Deme agrees:
“Nawy is clearly positioned as the proptech champion of Africa and the Middle East, with deep market insights and exceptional execution.”
Reinventing Real Estate, One Market at a Time
With urbanization booming, infrastructure investments on the rise, and a digitally savvy population in MENA, Nawy’s timing couldn’t be better. The company is placing big bets on AI, integrated digital services. Additionally, it is bringing new models like fractional ownership to bring trust, transparency, and speed to a sector ripe for disruption.
As the MENA real estate scene evolves, this proptech firm is determined to lead the way — making real estate more accessible, smarter, and fully digital.