The Nawy Egypt, the largest propery in Africa, increases $ 52m to take the menara

During decades, purchase of the Egypt meant to navigate a real estate market, tining on personal brokers, and faces developer more for sale.

In 2019, The Mass Soya co-founded Ship to bring transparency and efficiency to market. Now positioning africa’s premises of Africa’s Africa, raised $ 52 million 52 million, LEDT by Africa VC Africa, pressed his backerage lists.

The round, that includes $ 23 months older than Egypt funding, bring total at $ 75 million, one of the greater slipper in terms of a African style. In the 2022, raised a $ 5 million seed LED from the family most richness of egtit, sadiriris.

The Ceol’s journey El Beltagy in the Properties started with personal frustration. After many years that worked at Corporate jobs in countries, the first executive palace flew in Egypt in Market

However, where they navigate the process of purchasing the property, lack of transparency and preference of prefered advice were affected.

“I have no way to look at the market and understanding almost developer,” what else is the saddle. “In this sector, everyone is incentive of pushing one way or another.”

These challenges LED El-Beltagia build people to help people will buy, sales, focus, and you are if you gave the property. Their model, combining a plate of property listing with bravery services, set up in a simple industry for the agents with offline relationships. The Executive Chief has launched the company beside Abdel-Azim osman, Rafea ahmed, Mohamed abou ghany and it Aly raffaa. I am

Making real estate accessible

At first, Nawy fought to ensure those listings. The developers were skeptical on the value of Nawy because it was not large enough to drive traffic to their listings. Brokers, on the other hand, saw Nawy as competition.

To build trust, Nawy introduced the immediate, faded payments, to the brokers that have made its first transaction on the platform. This systemated feeling, driving to the growth of the mouth he saw more than 3,000 backerages using NAW and flexidized partner.

Also, the opposite-based cane attracts on a million monthly visitors, with a hundred developers which compels for visibility. About 150 developers cover most of the Egypt’s new construction market, that is worth about $ 30 billionBased on 100,000 year transactions, according to beltagy.

Over the past few years, Nawy has Expanded beyond listings and brokerage services, evolution in a real estate ecosystem. This includes Nawy actions, a product of fractional property that allows users in the property of at least $ 500, making real estate accessible to Egypt.

In addition, Nawy developed a product the Satisfoyed: “Move Pay Deseous” “Say to allow users of the installation and financial options

“The real estate is very dude that most people the new purchase cost not this product,” El Beltagy said the financing of incurred. “It is wrapping mortgage differently because mortgages are nearly unexistent here.” Added that the 3 million debt of 3 million 3 million 3 million debt.

Immune to economic volatility?

These products have revenue rivers, which society, which society declares more than 50x in terms of dollars during the past four years, despite the Egyptian tindo lost a little 69% of its value.

El Beltagy allocates a lot of this growth in the market request for real estate as an hedge against inflation of inflation and coin. While the currency crisis has impact local request, affliction of expatriate money help offset the drop.

Because of the result, the nawy profit has shutdown 2024 with more than $ 1.4 billion rough goods (GMV), up to $ 38 million in 2020.

With the fresh capital, Expand’s lady beyond the North Africa, rapidly empty to Morocco, and uaa as their next markets (in the UAE eg platforms as Hhipppy and property ownership already has a strong traction.)

El Beltagy mention that the company shops smaller companies on the way. Recently has acquired property management profession of property and recognize as “Nawy Unlocked” “Inspoking their production offer.

The series a round, he raised for two tranches, held these plans, including product development having and integrates on Nawy trials, according to El Beltagy.

Other National Fund Investments of Funds Grant Funds, and & Capital, Indeat, Indebes, Venturesouq Inventures, and VERIVE, Gombies.

“We’re excited to support MIAWY as they build the foundation for modern experience.” Says the timb, general partner to partch. “Their team has known the deep market, accompanied with ambitious region and exceptional execution floors, place of the schedule of the schedule and the summer medium.”