Nawy secures $23m debt financing from leading Egyptian institutions to expand mortgage offering
The financing will enable Nawy Now to expand its capacity to finance residential properties and make homeownership more accessible. It will also support the company's broader working capital needs as it continues to transform the real estate experience in Egypt.
'Securing this level of financing from Egypt's leading financial institutions is a strong vote of confidence in what we're building at Nawy,' said Amr Malek, Chief Financial Officer of Nawy.
'Our mortgage product sits at the centre of a much broader ecosystem that serves as a one-stop shop for the real estate industry,' added Omar El Barouny, Managing Director of Nawy Now. 'This funding allows us to scale that ecosystem and provide more people with a seamless path to owning a home.'
The newly secured debt package strengthens the core of Nawy's business model, powering the synergies behind its end-to-end real estate platform. From discovery to post-purchase services, Nawy offers customers a fully integrated homeownership journey.
The platform enables users to search for and purchase homes through a tech-enabled interface, while managing all paperwork, legal verifications, and due diligence—ensuring a streamlined, hassle-free experience. Through Nawy Now, customers gain access to flexible mortgage financing tailored to their needs.
Beyond the initial transaction, Nawy continues to deliver long-term value with resale services and post-sale support. With Nawy Unlocked, homeowners can also generate rental income, maximising returns on their property investments.
Backed by the confidence of Egypt's financial sector, Nawy is well-positioned to expand its operations and push the boundaries of the proptech space. As demand for reliable, flexible paths to homeownership continues to rise, Nawy remains committed to leading innovation and inclusion in Egypt's real estate market.
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