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. These funds are exclusively dedicated 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, Nawy Partners, Nawy Shares, and Nawy Unlocked, but we will get into that more later.
The company closed 2024 with more than $1.4 billion in Gross Merchandise Value (GMV), up from $38 million in 2020, and a monthly user base exceeding 1 million. Over the past 4 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 4 years, Nawy has not only scaled massively but 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.” 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 & buy later.
Nawy Shares: Egypt’s first off-plan fractional ownership platform, enabling broader access to premium real estate investments.
Nawy Unlocked: Launched in early 2025 after acquiring ROA, this platform helps owners refurbish, monetize, and rent out idle or unfinished units.
Nawy Partners: A B2B platform enabling 3,000+ brokerages to close deals smarter with full visibility on market inventory, access to developers, tech-driven 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, these innovative products 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
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. It uses 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
Enhance AI and data infrastructure
Also, the debt financing will further accelerate Nawy’s mortgage vertical (Nawy Now), 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. 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.” – Tidjane Deme, General Partner at Partech
Nawy’s Series A raise and accompanying debt financing underscore not just the company’s momentum, but the broader shift underway in MENA’s real estate sector. As the region accelerates into a new era of tech-driven growth, Nawy is positioning itself at the center of that transformation, bringing much-needed transparency, speed, and accessibility to the industry.
Backed by top-tier global investors and a growing ecosystem of products, Nawy is not just evolving with the market, it’s reshaping its future.
Visit Nawy to learn more about our top-tier solutions & find the answer to all your real estate needs.
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