🔥 Egypt’s Nawy Just SMASHED the African Proptech Game with $52M Raise – Here’s How They’re DOMINATING
The Broken System Nawy Just NUKED
Imagine trying to buy property in Egypt before 2019:
- 🤝 Relying on your uncle’s cousin’s “trusted” broker
- 💸 Getting steered toward the highest-commission properties
- 📜 Digging through developer brochures like an archeologist
This was the REAL ESTATE DARK AGE – until Mostafa El Beltagy and his co-founders dropped Nawy like a tech nuke on the industry.
“I had to go developer by developer like some damn door-to-door salesman just to understand the market. The system was RIGGED against buyers.”
Mostafa El Beltagy, Nawy CEO & Ex-Vodafone Exec
💰 The $75M Power Move That Changes EVERYTHING
Nawy just landed one of Africa’s biggest Series A rounds EVER:
- 💵 $52M equity led by Partech Africa
- 🏦 $23M debt from Egypt’s top banks
- 🚀 Total funding now at $75M
This isn’t just money – it’s validation that Nawy’s model is the FUTURE of real estate in emerging markets.
⚡️ How Nawy Went From 0 to 3,000 Brokers in 5 Years
The startup’s secret weapon? Turning enemies into allies:
- 💸 PAID brokers IMMEDIATELY after first transaction
- 📈 Gave them live inventory access (game changer)
- 🔄 Created flexible payout options
Result? Over 3,000 brokerages now actively use Nawy Partners – and they’re bringing the ENTIRE market online.
🚀 The 50X Growth Rocket Fuel
Check these INSANE metrics:
- 📊 $1.4B GMV in 2024 (up from $38M in 2020)
- 🏗 150+ developers covering Egypt’s $30B new build market
- 👥 1M+ monthly visitors fighting for visibility
All while the Egyptian pound lost 69% of its value. That’s not luck – that’s MARKET DOMINATION.
🔮 The Future: Fractional Ownership & Regional Conquest
Nawy’s not stopping at listings:
- 🏠 Nawy Shares: Buy property with just $500
- 💳 “Move Now Pay Later”: Mortgages for the unbanked
- 🌍 Expansion targets: Morocco, Saudi Arabia, UAE
“We’re building the foundation for a MODERN real estate experience. Nawy isn’t just winning Egypt – they’re conquering MENA.”
Tidjane Deme, General Partner at Partech
💥 The Bottom Line
Nawy proved something CRUCIAL: Even in chaotic markets, tech can create ORDER. They turned real estate from a rich man’s game into an EVERYMAN’S opportunity.
Watch this space – because Nawy’s just getting started.
