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Egyptโ€™s Nawy, the largest proptech in Africa, raises $52M to take on MENA

May 12, 2025 | by AI

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๐Ÿ”ฅ Egypt’s Nawy Just SMASHED the African Proptech Game with $52M Raise โ€“ Here’s How They’re DOMINATING

The Broken System Nawy Just NUKED

Imagine trying to buy property in Egypt before 2019:

  • ๐Ÿค Relying on your uncle’s cousin’s “trusted” broker
  • ๐Ÿ’ธ Getting steered toward the highest-commission properties
  • ๐Ÿ“œ Digging through developer brochures like an archeologist

This was the REAL ESTATE DARK AGE โ€“ 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

๐Ÿ’ฐ The $75M Power Move That Changes EVERYTHING

Nawy just landed one of Africa’s biggest Series A rounds EVER:

  • ๐Ÿ’ต $52M equity led by Partech Africa
  • ๐Ÿฆ $23M debt from Egypt’s top banks
  • ๐Ÿš€ Total funding now at $75M

This isn’t just money โ€“ it’s validation that Nawy’s model is the FUTURE of real estate in emerging markets.

โšก๏ธ How Nawy Went From 0 to 3,000 Brokers in 5 Years

The startup’s secret weapon? Turning enemies into allies:

  • ๐Ÿ’ธ PAID brokers IMMEDIATELY after first transaction
  • ๐Ÿ“ˆ Gave them live inventory access (game changer)
  • ๐Ÿ”„ Created flexible payout options

Result? Over 3,000 brokerages now actively use Nawy Partners โ€“ and they’re bringing the ENTIRE market online.

๐Ÿš€ The 50X Growth Rocket Fuel

Check these INSANE metrics:

  • ๐Ÿ“Š $1.4B GMV in 2024 (up from $38M in 2020)
  • ๐Ÿ— 150+ developers covering Egypt’s $30B new build market
  • ๐Ÿ‘ฅ 1M+ monthly visitors fighting for visibility

All while the Egyptian pound lost 69% of its value. That’s not luck โ€“ that’s MARKET DOMINATION.

๐Ÿ”ฎ The Future: Fractional Ownership & Regional Conquest

Nawy’s not stopping at listings:

  • ๐Ÿ  Nawy Shares: Buy property with just $500
  • ๐Ÿ’ณ “Move Now Pay Later”: Mortgages for the unbanked
  • ๐ŸŒ Expansion targets: Morocco, Saudi Arabia, UAE

“We’re building the foundation for a MODERN real estate experience. Nawy isn’t just winning Egypt โ€“ they’re conquering MENA.”

Tidjane Deme, General Partner at Partech

๐Ÿ’ฅ 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 โ€“ because Nawy’s just getting started.

Image Credit: kendincefotograf on Pexels

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