Egypt’s Nawy secures $75M in equity and debt to scale its full-stack proptech platform across MENA

Cairo-based Nawy has secured $75 million in combined funding, including $52 million in Series A equity and $23 million in debt financing, to fuel its regional expansion and scale its AI-powered real estate platform.

• The equity round was led by Partech, with participation from e& Capital, March Capital, Verod-Kepple Africa Ventures, Development Partners International via Nclude, VentureSouq, Shorooq Partners, and Endeavor Catalyst.

Debt financing was secured from major Egyptian banks to support the growth of Nawy Now, its mortgage financing product.

Founded in 2019 by Mohamed Abou Ghanima, Abdel-Azim Osman, Ahmed Rafea, Aly Rafea, and Mostafa El Beltagy, Nawy has evolved from a listings platform into a vertically integrated real estate ecosystem.

⏪ Background

Nawy’s early traction came from simplifying online real estate discovery in Egypt. But over the past four years, it has quietly built a broader platform — combining listings, mortgage solutions, asset management, fractional ownership, and B2B brokerage tools.

This integrated approach has helped the company grow 50x in USD revenue since inception — despite a 69% devaluation of the Egyptian pound in the same period.

In 2024, the company recorded $1.4 billion in GMV and now serves over 1 million monthly users.

❌ The size of the opportunity

MENA’s real estate markets remain highly fragmented and offline-heavy, with limited transparency and trust in transactions.

While proptech has gained traction in markets like the UAE and Saudi, Egypt — with its high population and real estate demand — remains underserved.

Nawy’s model tackles multiple pain points simultaneously: from search and financing to ownership and post-sale services.

📖 What does the company do?

Nawy’s platform includes:

• Listings and discovery tools with verified developers

• Nawy Now: a mortgage financing product

• Fractional ownership solutions

• B2B brokerage enablement for agents and developers

• AI tools to optimise matching, valuation, and lead conversion

The company plans to take this integrated stack regional — starting with KSA, UAE, and Morocco.

🔮 Outlook

If Nawy can replicate its Egypt playbook regionally, it could become MENA’s first cross-border proptech leader — a position that has remained elusive, even as capital poured into adjacent sectors.

The challenge now lies in localisation: adapting its platform for regulatory, financial, and cultural nuances in each new market.