Nawy
Overview
Nawy is a prominent real estate technology company based in Cairo, Egypt, specializing in transforming real estate transactions through innovative digital solutions. Founded in 2019 by Mostafa El-Beltagy, Abdel-Azim Osman, Ahmed Rafea, Mohamed Abou Ghanima, and Aly Rafea, Nawy serves as a comprehensive proptech platform offering services such as property listings, brokerage, and financial solutions. To date, the company has raised $75 million in Series A funding, led by Partech Africa, and it has rapidly become one of Africa's largest real estate technology firms.
Recent Developments
In 2025, Nawy has been actively expanding its reach and developing its product offerings:
- May 2025: Nawy secured a $52 million Series A equity funding round, complemented by $23 million in debt financing from major Egyptian banks. This funding is part of a broader effort to enhance Nawy’s technology stack and accelerate its expansion across North Africa and the Middle East, particularly into markets like Morocco, Saudi Arabia, and the UAE.
- January 2025: The acquisition of ROA, a property management startup, allowed Nawy to launch "Nawy Unlocked," a service aimed at maximizing returns from underutilized properties.
- July 2025: Nawy acquired a majority stake in SmartCrowd, a Dubai-based platform for fractional real estate investments, marking a major step in its expansion into the GCC market. This acquisition is expected to bolster Nawy's offerings by incorporating cross-border property investment capabilities.
- June 2025: Secured an additional $23 million in debt financing, strengthening its mortgage offerings through "Nawy Now," which focuses on providing flexible mortgage solutions and enhancing home accessibility.
- The company has been leveraging machine learning and AI to improve its platform’s capabilities, ensuring a seamless user experience and better property recommendations.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2019 |
| Headquarters | Cairo, Egypt |
| Founders | Mostafa El-Beltagy, Abdel-Azim Osman, Ahmed Rafea, Mohamed Abou Ghanima, Aly Rafea |
| Revenue | Not publicly disclosed |
| Profits | Not publicly disclosed |
| Key Investors | Partech Africa, e& Capital, March Capital, Verod-Kepple Africa Ventures, and others |
| Industry | Real Estate Technology |
| Number of Employees | Approximately 1,149 |
Early History
Nawy was launched in 2019 to address inefficiencies and a lack of transparency in Egypt's real estate market. The founders, combining their diverse expertise in technology, marketing, and real estate, initially focused on creating a digital platform that aggregated property listings from over 200 developers across Egypt. The platform aimed to simplify the property searching process by offering users comprehensive data, including pricing, location, and detailed property specifications. Nawy quickly differentiated itself by providing end-to-end real estate services, including advisory support and a seamless transaction process.
Company Profile and Achievements
Nawy has built its reputation as Africa’s largest and most comprehensive proptech company. Its platform integrates various aspects of real estate transactions across multiple service lines:
- Nawy Now: This service helps customers acquire ready-to-move homes with payment plans extending up to ten years.
- Nawy Shares: Allows users to invest in fractional real estate ownership, making property investment more accessible to a wider audience.
- Nawy Unlocked: Provides complete property management and finishing services for unused or unfinished units.
- Nawy Partners: A B2B platform that connects over 3,000 brokerages, offering them access to inventory, flexible payouts, and sales tools. Nawy has achieved significant growth, with a Gross Merchandise Value (GMV) surpassing $1.4 billion in 2024, and has been pivotal in reshaping real estate transactions across MENA.
Current Operations and Market Position
Nawy’s operations continue to expand rapidly, with the company broadening its services into new markets and continually evolving its technology. As a market leader in proptech, Nawy leverages its advanced AI-driven platform to offer streamlined real estate experiences for buyers, sellers, and investors. Its strategic expansions into the UAE and wider MENA region aim to capitalize on burgeoning real estate opportunities and position Nawy as a leading figure in real estate technology. The company maintains a competitive advantage through its comprehensive service offerings and its ability to integrate financial products tailored to consumer needs.
Conclusion
Nawy’s innovative approach has played a significant role in transforming Egypt’s real estate landscape. With its continued expansion and substantial backing, Nawy is well-positioned to influence the broader MENA region’s property market. Its strategic acquisitions and product extensions into AI-enhanced services mark it as a significant player in proptech, capable of leading industry trends towards a more digitized and accessible real estate future.