Nawy, the largest property tech platform in Africa, has raised $23 million in debt financing from ten leading financial institutions in Egypt.
The money will be used to grow Nawy Now, the company’s mortgage service that is approved by the FRA (Financial Regulatory Authority). This service offers quick approvals and flexible payment plans for ready-to-move homes, making it easier for buyers to move in now and pay later.
This funding will help Nawy Now offer more home loans, making it easier for people to buy homes in Egypt. It will also support the company’s day-to-day operations as it works to improve and modernize the real estate experience in the country.
“Securing this level of financing from Egypt’s leading financial institutions is a strong vote of confidence in what we’re building at Nawy,” said Amr Malek, Chief Financial Officer of Nawy.
“Our mortgage product sits at the centre of a much broader ecosystem that serves as a one-stop shop for the real estate industry,” added Omar El Barouny, Managing Director of Nawy Now. “This funding allows us to scale that ecosystem and provide more people with a seamless path to owning a home.”
The new funding strengthens Nawy’s core business, helping it deliver a complete, end-to-end real estate experience. From the moment customers start looking for a home to everything that happens after the purchase, Nawy handles it all in one smooth platform.
Users can search for and buy homes online, with Nawy taking care of all the paperwork, legal checks, and due diligence, making the process easy and stress-free. Through Nawy Now, buyers can also access flexible mortgage plans that fit their needs.
Even after the home is bought, Nawy continues to help with resale services and support. With its Nawy Unlocked feature, homeowners can even rent out their properties to earn extra income and get more value from their investments.
With strong support from some of Egypt’s top financial institutions, Nawy is in a great position to grow its business and lead the way in the property technology (prop-tech) space.
As more people look for flexible and reliable ways to own a home, Nawy is staying focused on innovation and making homeownership more accessible for everyone in Egypt.
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