Egypt’s proptech giant Nawy has secured a combined $75 million in Series A equity and debt financing, setting a new benchmark for real estate innovation in the Middle East and North Africa (MENA). The funding, comprising $52 million in equity led by Partech and $23 million in debt from major Egyptian banks, underscores Nawy’s rapid ascent as Africa’s most valuable and fastest-growing real estate technology platform.
Founded in 2019 by Mostafa El-Beltagy, Mohamed Abou Ghanima, Abdel-Azim Osman, Ahmed Rafea, and Aly Rafea, Nawy began as a listings platform but has grown into a full-stack real estate ecosystem. Today, its platform spans mortgage financing, fractional ownership, asset monetisation, and B2B brokerage services, offering a streamlined digital experience across every phase of the property journey.
The fresh capital injection will fuel Nawy’s expansion across the MENA region, bolster its AI-driven technology stack, and support the launch of new verticals. The company has already redefined market expectations with its Nawy Now product—an innovative mortgage service offering “Move Now, Pay Later” options that make homeownership more accessible. It has also introduced Nawy Shares, Egypt’s first off-plan fractional ownership product, and Nawy Unlocked, a rebranded finishing and asset management solution acquired through its purchase of ROA.
In 2024 alone, Nawy surpassed $1.4 billion in Gross Merchandise Value (GMV), maintained a monthly user base of over 1 million, and posted 50x revenue growth over four years—all in USD terms despite a 69% devaluation of the Egyptian pound. These figures highlight not just explosive growth, but also remarkable resilience in a volatile market environment.
As it eyes regional growth, Nawy is positioning itself at the heart of a rapidly evolving real estate landscape. With urbanisation booming and real estate demand surging, MENA has become a prime destination for investors, homebuyers, and developers alike. Nawy’s tech-forward approach—centred around transparency, speed, and accessibility—is set to meet that demand with a new kind of infrastructure.
The company’s B2B arm, Nawy Partners, now supports over 3,000 brokerages with access to real-time market inventory, direct developer relationships, enhanced commissions, and tech-powered sales tools. This ecosystem approach empowers not just consumers but also professionals across the value chain.
“This funding round is more than just capital—it’s validation of our vision to transform real estate across MENA,” said Mostafa El-Beltagy, Co-Founder and CEO of Nawy. “With our AI-first approach and integrated platform, we’re building the future of property buying, selling, and investing.”
Backing from global and regional heavyweights like Partech, e& Capital, March Capital, SoftBank via Nclude, VKAV, Shorooq, and DPI demonstrates the confidence in Nawy’s model and its ability to scale across emerging markets.
