Egypt is Nawy, the largest propeage in Africa, lands a series of $ 52m a 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 SoyaAbdel-Azim Osman, Ahmed Rafaa, Mohamed abou ghanima, and aly rafea 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 series the round, which includes financing to 3 million, from the Debti, stones bank

CO-founder and CEO’s trip El Beltagy in the Propreta started as a personal frustration. After several years of work in jobs across many countries, he would like to the Pucisketing, a Market that ahead of inflation and coin of inflation and coin and coin.

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 to build Nawy to help Buy people, sales in, envestes in masterpiece, and Japanese properties. Their model, combining a plate of property listing with bravery services, set up in a simple industry for the agents with offline relationships.

Making real estate accessible

At first, Nawy fought to ensure those listings. The developers were skeptical on Nawy’s value because they were 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.

During the past few years, nawy extended beyond the brokerage listing, evolving in a full 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 to the majority of people buy new build, not to permanently of this product can be a little shift,” El Berters said. “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.

As a result, Nawy closed 2024 with more than $ 1.4 billion goods of 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 will acquire smaller companies on the road. 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.”