Nawy, Africa’s largest property technology (prop-tech) platform, has raised $52 million in Series A funding. This money will help the company grow its operations, improve technology, and expand across the region.
The funding round was led by Partech and included support from several other investors, such as e& Capital, March Capital Investments (MCI), Verod-Kepple Africa Ventures (VKAV), Endeavor Catalyst, DPI’s Nclude Fund, VentureSouq (VSQ), Outliers, HOF Capital, Plug and Play, and leading MENA investment firm Shorooq.
Nawy also raised $23 million in debt financing from some of Egypt’s biggest banks and financial institutions. This funding will be used to support the fast growth of the company’s mortgage services.
Nawy was founded in Egypt in 2019 by Mostafa El-Beltagy, Abdel-Azim Osman, Ahmed Rafea, Mohamed Abou Ghanima, and Aly Rafea. Since then, it has quickly grown to become Africa’s largest real estate technology company. The platform helps people buy, sell, invest in, finance, and manage properties more simply and smartly.
Nawy offers a range of services, including Nawy Now (a “Move Now, Pay Later” mortgage option), Nawy Shares (which allows people to own part of a property), Nawy Unlocked (for property finishing, managing assets, and earning rental income), and Nawy Partners (which supports real estate agents with special tools, tech, and better commissions).
Nawy ended 2024 with over $1.4 billion in total sales (GMV) and more than one million users each month. In the last four years, the company’s revenue in U.S. dollars has grown more than 50 times, even though the Egyptian pound lost 69% of its value.
Nawy by the Numbers (2024):
- $1.4B+ Gross Merchandise Value (GMV)
- 1M+ monthly users
- 50x revenue growth in 4 years in USD despite 69% EGP devaluation
In just four years, Nawy has grown quickly and performed better than others in the real estate market. It has set a new standard for success in the industry.
By growing fast and quickly adjusting to changes, the company turned challenges into opportunities and became one of the strongest success stories in MENA’s proptech sector.
“This investment is a major leap forward—fueling our expansion, accelerating the transformation of our products using AI, and starting our mission to reinvent how real estate works across MENA and beyond,” said Mostafa El-Beltagy, Co-Founder and CEO of Nawy.
A Full-Stack Ecosystem for Real Estate
What began as a listings platform has grown into a full-stack ecosystem reshaping how real estate works in the region. Today, Nawy’s product lines include:
Nawy Now- A licensed mortgage service that offers quick approvals and lets customers “Move Now, Pay Later” with flexible payment options.
Nawy Shares- Egypt’s first fractional ownership product for properties under construction, making it easier for more people to invest in high-end real estate.
Each of Nawy’s products solves a different problem in real estate, such as buying, financing, investing, managing property, or helping brokers.
Together, these services create a connected system that supports users through every step of their property journey and helps Nawy grow smoothly across the MENA region.
Positioned for Regional Growth.
The MENA region is quickly becoming one of the world’s most exciting real estate markets. Strong economies drive this growth, more people are moving to cities, and a young population is comfortable with technology.
With continued investment in infrastructure and real estate projects, there is rising demand for homes and business properties. This creates big opportunities for investors who want to benefit from one of the fastest-growing markets in the world.
With its Series A funding, Nawy is working to change the real estate experience in Egypt, the MENA region, and beyond. The company is using technology to make the industry clearer, easier to access, and more efficient—something that has been needed for a long time.
The new capital will be used to:
- Expanding on the new verticals in Egypt
- Enter new MENA markets.
- Reinvent and grow the Nawy products with an AI-first approach.
“We’re excited to support Nawy as they build the foundation for a modern, tech-driven real estate experience,” said Tidjane Deme, General Partner at Partech. “Their team has deep market insights, coupled with ambitious regional expansion plans and exceptional execution, positioning them as the clear proptech champion in Africa and the Middle East.”
A Turning Point for Real Estate in MENA
This funding round is more than a milestone—it marks the beginning of a new real estate system designed for today’s buyers, brokers, and developers.
Nawy is taking the lead in transforming the industry by using technology to make it faster, more transparent, and more trustworthy while making it easier for people to invest.
About Nawy
Nawy is Africa’s largest property technology company, changing the real estate market across the MENA region with advanced technology. Using AI-powered search, expert brokerage services, and new financing options, Nawy makes property transactions easier for consumers, brokers, and developers.
Nawy’s growing services include Nawy Shares, Nawy Now, Nawy Partners, and Nawy Unlocked, all designed to make real estate more accessible, transparent, and efficient. Nawy’s goal is to be a key part of every real estate deal, driving innovation and shaping the industry’s future.
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