Get the latest tech news
Egypt’s Nawy, the largest proptech in Africa, raises $52M to take on MENA
Nawy has raised $52 million in Series A, in a move that validates its model of combining property listings with brokerage services.
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. After several years working in corporate jobs across multiple countries, the former Vodafone executive wanted to invest in real estate in Egypt, a market many people view as a hedge against inflation and currency devaluation. 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.
Or read this on TechCrunch
