logo
Nawy, the largest proptech in Africa, raises a $52M Series A to take on MENA

Nawy, the largest proptech in Africa, raises a $52M Series A to take on MENA

Zawya12-05-2025
Cairo, Egypt — 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), Endeavor Catalyst, Development Partners International (DPI) Venture Capital via the Nclude Fund, VentureSouq (VSQ), Outliers, HOF Capital, and Plug and Play and MENA's leading alternative investment firm, Shorooq.
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) and a monthly user base exceeding one 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.
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 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.
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 solution offering faster approvals and 'Move Now, Pay Later' flexibility.
Nawy Shares – Egypt's first off-plan fractional ownership product, opening up premium real estate investment to a broader audience.
Nawy Unlocked – Nawy kicked off 2025 with the acquisition of ROA, a home finishing and asset management platform. The business has been rebranded as Nawy Unlocked, helping owners refurbish, monetize, and rent out idle or unfinished units to unlock asset value.
Nawy Partners – A 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 & 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.
Positioned for Regional Growth
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:
"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 round marks more than just a funding milestone, it signals the rise of a new real estate infrastructure built for today's buyer, broker, and developer. Nawy is leading the charge to digitize the industry, unlock liquidity, and bring trust, speed, and transparency to a historically fragmented sector.
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..
LINK: https://www.nawy.com/
About Shorooq
Founded in 2017, Shorooq is a multi-dimensional investment firm. Our venture capital and credit practice invests in the most innovative technology companies across the MENA region and beyond. We have built deep sectoral expertise in fintech, platforms, software, and deep tech. Shorooq has backed category leaders such as Pure Harvest Smart Farms, Nymcard, Tamara, Sarwa, Lean Technologies, TruKKer, Mozn and Lendo.
Shorooq was built on the values of building with founders and identifying attractive returns for investors. We pride ourselves on a local presence across the UAE, Saudi Arabia, Egypt and Korea.
Visit us at www.shorooq.com
Shorooq refers to a group of companies that are affiliates of each other and which operate under this business name, of which Shorooq Partners Ltd (regulated by the ADGM Financial Services Regulatory Authority FSRA FSP: 190004 as a category 3C Fund Manager) is a member.
Media Contact::
Tarek Fouad
Chief Marketing Officer, Shorooq
Shorooq Group Press: press@shorooq.com
Direct: tfouad@shorooq.com
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

South Africa: President Ramaphosa concludes meeting between the National Executive and the Northern Cape Provincial Executive Council
South Africa: President Ramaphosa concludes meeting between the National Executive and the Northern Cape Provincial Executive Council

Zawya

time2 hours ago

  • Zawya

South Africa: President Ramaphosa concludes meeting between the National Executive and the Northern Cape Provincial Executive Council

President Cyril Ramaphosa has concluded a meeting between the National executive and the Northern Cape Provincial Executive. The meeting, held under the theme 'Unlocking the Northern Cape potential as a modern, growing and successful province', was the sixth formal engagement that the national executive had with a provincial executive. The meeting was also joined by Executive Mayors. Previous sessions include meetings with the Executive Councils of Limpopo, Mpumalanga, KwaZulu-Natal, Gauteng, and most recently, the Eastern Cape. These sessions have resulted in strengthening cooperative governance, breaking down silos and cooperative project planning that leads to collaborative execution. As President Ramaphosa said during the Budget Debate last week, when the three spheres of government work together, the lives of the people of South Africa are improved. It is envisaged that the National Executive would have met with the leadership of the remaining provinces over the next few months. The President emphasised the importance of structured engagements between the national and provincial executives that assist government coordinate more efficiently, resolve challenges together and to plan smarter. The meetings are also meant to facilitate innovative ideas and proposals to address service delivery and skills challenges. The meeting discussed the ongoing roll out of catalytic economic development projects that require the deepening of cooperation between the national and provincial governments. These include the Boegoebaai Harbor and SEZ development, revitalisation and expansion of Vaalharts, Namakwa SEZ and the development of the infrastructure masterplan. The meeting further affirmed closer cooperation on issues of climate change mitigation considering the province's vulnerability to erratic weather conditions. The national executive pledged to continue working closely with the province in areas of Transport and Logistics, Basic Education, Water and Sanitation infrastructure development, Human Settlements, Tourism and Energy and Electricity. Distributed by APO Group on behalf of The Presidency of the Republic of South Africa.

European Peace Facility: Council adopts first assistance measure in support of the Djibouti Armed Forces
European Peace Facility: Council adopts first assistance measure in support of the Djibouti Armed Forces

Zawya

time2 hours ago

  • Zawya

European Peace Facility: Council adopts first assistance measure in support of the Djibouti Armed Forces

Today the Council adopted an assistance measure under the European Peace Facility (EPF) in support of the Djibouti Armed Forces. This first measure benefitting Djibouti is worth €10 million and aims to strengthen the defence capacities of the Djibouti Armed Forces to safeguard the sovereignty and rights of Djibouti in accordance with the United Nation Convention Law of the Sea and to strengthen maritime security in the Red Sea. The assistance measure is expected to enhance the Djiboutian Navy's operational readiness by contributing to: the development and maintenance of assets to deliver full operational capabilities over the long term increased maritime domain awareness enhanced presence at sea Today's decision is in line with the EU's objective to provide an integrated and coherent response to the increased insecurity in the Red Sea and secure EU interests at this critical maritime chokepoint. In this regard, EPF support will strengthen Djibouti's potential with respect to maritime domain awareness, complementing EU Common Security and Defence Policy operations in the Red Sea. Background and next steps The European Peace Facility was established in March 2021 for the financing of actions under the common foreign and security policy to prevent conflicts, preserve peace and strengthen international security and stability. In particular, the European Peace Facility allows the EU to finance actions designed to strengthen the capacities of third States and regional and international organisations relating to military and defence matters. Distributed by APO Group on behalf of Council of the European Union.

Ambassador GAO Wenqi Visits Chinese-Invested Enterprises in Rwanda
Ambassador GAO Wenqi Visits Chinese-Invested Enterprises in Rwanda

Zawya

time4 hours ago

  • Zawya

Ambassador GAO Wenqi Visits Chinese-Invested Enterprises in Rwanda

On July 25, Ambassador GAO Wenqi visited the C&D Products Group. The company executives gave a briefing on the company's production, operations, and development, as well as the working and living conditions of its employees. Ambassador GAO encouraged the company to adhere to safe production and compliant operation, and take good care of its employees, so as to actively fulfill its social responsibilities and set up a good image for Chinese enterprises. He also asked the company to actively take part in and contribute to Rwanda's economic and social development, and promote China-Rwanda relations. Specializing in apparel manufacturing and export, C&D was established in Rwanda in 2019. It has created over 7,000 jobs for local communities. Distributed by APO Group on behalf of Embassy of the People's Republic of China in the Republic of Rwanda.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store