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Egypt’s Nawy, the largest proptech in Africa, lands a $52M Series A to take on MENA
For decades, buying property in Egypt meant navigating a fragmented real estate market, relying on personal networks, dealing with commission-driven
For decades, buying property in Egypt meant navigating a fragmented real estate market, relying on personal networks, dealing with commission-driven brokers, and facing developers more focused on selling than serving customer needs. This includes Nawy Shares, a fractional ownership product that lets users invest in property with at least $500, making real estate accessible to Egypt’s middle-income population, which has long been priced out. Additionally, Nawy has developed a mortgage product, “Move Now Pay Later,” designed to allow users to buy through installment plans and financing options in a market where banks rarely offer loans for real estate purchases.
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