To address the lack of traditional mortgage options, Nawy launched a product called 'Move Now Pay Later,' facilitating installment payments for property purchases.

Nawy's diverse product offerings include Nawy Now for flexible mortgage solutions, Nawy Shares for fractional ownership, and Nawy Unlocked for asset management, catering to various market needs.

Despite its promising growth, Nawy faces challenges such as regulatory variations and slow consumer behavior in asset-heavy sectors that may impact its expansion efforts.

This funding round, led by Partech, also saw participation from notable investors including e& Capital and Shorooq, reflecting the increasing investor interest in African tech startups, particularly in the proptech sector.

The platform now boasts over 3,000 active brokerages and attracts more than a million monthly visitors, serving a $30 billion new build market in Egypt.

Initially, Nawy faced skepticism from developers and brokers, but overcame these challenges by introducing immediate commission payments for brokers, resulting in over 3,000 brokerages utilizing its services.

The backing from major investors like SoftBank and Partech underscores strong confidence in Nawy's scalable business model and growth potential.

Nawy aims to capitalize on the booming urbanization and real estate demand in MENA, positioning itself as a leader in a rapidly growing market with significant opportunities.

In 2024, Nawy achieved over $1.4 billion in Gross Merchandise Value (GMV) and experienced 50x revenue growth in dollar terms, despite the challenges posed by a 69% devaluation of the Egyptian pound.

Nawy's vision is to bring transparency and efficiency to the real estate industry by leveraging technology to improve the overall experience for consumers and brokers.

Nawy Partners, the company's B2B arm, supports these brokerages by providing access to real-time market data and tech-powered sales tools, enhancing transaction efficiency.

Founded in 2019 by Mostafa El Beltagy and others, Nawy has rapidly established itself as Africa's largest proptech platform, recently securing $52 million in Series A funding to enhance the real estate market in the MENA region.