Cairo, Egypt, [Monday, May 12th, 2025] — Nawy, Africa’s largest proptech platform, has raised $52 million in Series A equity funding to scale its operations, enhance its technology stack, and accelerate regional expansion. The round was led by Partech, with participation from e& Capital, March Capital Investments (MCI), Verod-Kepple Africa Ventures (VKAV), VentureSouq (VSQ), Endeavor Catalyst, , Development Partners International (DPI) Venture Capital via the Nclude Fund, Shorooq Partners, Outliers, HOF Capital, and Plug and Play.
In addition, Nawy secured $23 million in debt financing from some of Egypt’s largest banks and financial institutions, dedicated exclusively to fueling the company’s rapidly growing mortgage offering.
Founded in Egypt in 2019 by Mostafa El-Beltagy, Abdel-Azim Osman, Ahmed Rafea, Mohamed Abou Ghanima, and Aly Rafea, Nawy has rapidly grown into Africa’s largest real estate technology company. Its platform transforms how people buy, sell, invest, finance, and manage properties. Nawy’s expanding product portfolio includes Nawy Now (“Move Now, Pay Later” mortgage financing), Nawy Shares (fractional ownership), Nawy Unlocked (property finishing, asset management, and rental monetization), and Nawy Partners (empowering brokerages with exclusive tools, tech-driven sales enablement, and enhanced commissions).
The company closed 2024 with more than $1.4 billion Gross Merchandise Value (GMV) up from $38M in 2020, and a monthly user base exceeding 1 million. Over the past four years, Nawy’s revenue in U.S. dollar terms has grown more than 50-fold, even as the Egyptian pound lost 69% of its value.
In just four years, Nawy has not only scaled massively, it has consistently outperformed the market, setting a new benchmark for growth in real estate. By scaling fast and adapting even faster, the company turned volatility into momentum and built one of the most resilient growth stories in MENA proptech.
“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.
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 product offering fast approvals and flexible payment plans to help buyers “Move Now, Pay Later”; Nawy Shares, Egypt’s first off-plan fractional ownership platform enabling broader access to premium real estate investments; and Nawy Unlocked, launched in early 2025 after acquiring ROA, a property finishing and asset management company. The platform helps owners refurbish, monetize, and rent out idle or unfinished units, unlocking untapped asset value. Nawy also introduced Nawy Partners, its B2B platform enabling 3,000+ brokerages to close deals smarter with full visibility on the market’s live inventory, direct access to developers, tech-driven sales tools, better commissions, and flexible payouts.
Each product tackles a different real estate friction point, from buying and financing to investing, asset management, and brokerage enablement. Together, they form a connected ecosystem that empowers users at every stage of the property journey and positions Nawy to scale seamlessly across the MENA region.
The MENA region is rapidly emerging as one of the world’s most promising real estate markets, driven by rapid economic growth, increasing urbanization, and a young, tech-savvy population. With ongoing investments in infrastructure and real estate development, the region is seeing growing demand for both residential and commercial properties, creating substantial opportunities for investors looking to capitalize on one of the most dynamic markets in the world.
With its Series A investment, Nawy is scaling its vision to reshape the real estate experience across Egypt, the wider MENA region, and beyond, using technology to bring transparency, accessibility, and efficiency to an industry long overdue for change.
The new capital will be used to scale operations in Egypt, expand into new MENA markets, advance product development and enhance AI and data infrastructure. The debt financing will further accelerate Nawy’s mortgage vertical, enabling faster and more accessible home financing solutions.
“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.”
This round is more than a funding milestone, it marks a shift in how real estate will operate across the region. Nawy is leading the transformation of a historically fragmented industry by introducing trust, transparency, and speed through digital innovation.
About Nawy
Nawy is Africa’s largest proptech company, transforming real estate across the MENA region with cutting-edge technology. With AI-powered search, expert in-house brokerage, and innovative financing solutions, Nawy simplifies property transactions for consumers, brokers, and developers alike. Its growing portfolio includes Nawy Shares, Nawy Now, Nawy Partners, and Nawy Unlocked where it enhances accessibility, transparency, and efficiency. Nawy’s vision is to play an integral role in every real estate transaction, driving innovation and shaping the future of the industry.
