Egyptian Proptech Nawy Raises $52M Series A Funding to Transform Real Estate With Tech-Driven Solutions

Nawy, a Cairo -based proptech company, has raised an impressive $ 52 million in A series financing.

This round includes $ 23 million in loan funding from Egyptian banks, totaling $ 75 million. The round was led by the venture capital company focused on Africa, Partech Africa, marking one of the largest series to what was raised for an African startup. The other investors involved in the Tour include the Nclude, E & Capital fund, Endeavor Catalyst, Hof Capital, March Capital and several others.

Funding will allow Nawy to develop in North Africa and the Middle East, including markets such as Morocco, Saudi Arabia and the United Arab Emirates.

“We are delighted to support Nawy because they build the basics of a modern real estate experience and technology”, “ said Tidjane Deme, general partner at Parth. “Their team has in-depth information on the market, associated with ambitious regional expansion plans and an exceptional execution, positioning them as the Clear Proptech champion in Africa and the Middle East.”

In Egypt, finding the right house has always been a stressful process, because people treat brokers focused on the commission, and developers are more sale on service than on service.

Nawy has launched to help resolve this challenge and provide efficiency and transparency on the market. Co-founded in 2016 by Mostafa El Beltagy, Mohamed Abu Ghanima, Abdel-Azim Osman, Ahmed Rafea and Aly Rafea, Nawy helped more than 100,000 families easily find the most appropriate property to become a loving house.

The platform uses automatic learning and artificial intelligence to personalize recommendations to its customers, offering choices adapted to their specific needs and preferences to make informed decisions in the purchase and sale of properties. In addition, the ease of online navigation, the possibility of comparing different properties and filtering according to personal interests allows customers of malleability and short search time.

As a real estate startup, it offers various services to customers, including real estate financing and financing services. Real estate funding or “moving now, paying later” allows hundreds of families to immediately settle in their dream homes with payment plans up to 10 years. In particular, the Nawy Now service allows customers to move and pay later with reasonable payment plans. This program addresses the adversity of finding houses ready to move by providing a wide range of properties at competitive prices with payment plans up to 10 years.

In addition, Nawy has signed an EGP agreement of 1 billion with the funds of the financial property finance subsidiary, to finance the service “move now, pay later”. Under the terms of the agreement, Nawy customers will be able to buy the property they want while paying overtime.

Nawy is motivated by dedication and innovation to be the number one platform for real estate solutions in the region.

Currently, the startup has more than 200 employees in many departments working with passion to provide exceptional experiences to our customers. Nawy has a notable technological team that uses automatic learning and artificial intelligence. In order to develop new technologies and advanced tools to give our customers personalized recommendations.

Since he opened, there have been two investment financing cycles totaling $ 5 million. Among investors, there are successful names well known in industry such as the Sawiris family office and providential investors such as the CEO of the Etisalat group, Hatem Dowidar. The startup allocates these funds to enlarge its team, create a better platform and provide new services.

In a mission to revolutionize the real estate industry, Nawy promises to help each of its customers make a well -informed decision and to buy their dream house.