Nawy Secures $23M in Debt Financing from Egypt’s Leading Financial Institutions to Scale Mortgage Offering
Nawy, Africa’s largest proptech platform, has secured $23 million in debt financing from 10 of Egypt’s top-tier financial institutions. The funds will be used to scale Nawy Now, Nawy’s FRA-licensed mortgage product that offers flexible payment plans and fast approvals on ready-to-move homes, to help buyers move now & pay later.
This will enable Nawy Now to finance more properties and make homeownership more accessible. In parallel, the financing will also support the company’s broader working capital needs as it continues to reshape the homeownership journey in Egypt.
This raise highlights the deep confidence and trust financial institutions have placed in Nawy’s business model, operational strength, and long-term vision.
“Securing this level of financing from Egypt’s leading financial institutions is a strong vote of confidence in what we’re building at Nawy,” said Amr Malek, CFO of Nawy. “Our mortgage product sits at the center of a much bigger ecosystem that serves as a one-stop shop for the entire real estate industry.
This financing allows us to scale that ecosystem and offer more people a seamless path to homeownership,” added Omar El Barouny, MD of Nawy Now.
The newly secured debt financing will power the flywheel at the heart of Nawy and reinforce the synergies that deliver a truly end-to-end experience for homebuyers.
This integrated model gives Nawy control over the full real estate journey, which includes: Helping customers find and buy homes through its tech-enabled platform. Managing all paperwork, legal verifications, and due diligence. Providing financing through Nawy Now. Supporting long-term value through resale services and other post-purchase offerings. Unlocking rental income opportunities through Nawy Unlocked.
With this financing round, Nawy is well-positioned to expand its operations, while continuing to push boundaries in the proptech and real estate space. As more Egyptians look for reliable paths to homeownership with flexible financing and the ability to pay in installments, Nawy aims to remain at the forefront, backed by the trust of the country’s top financial institutions.
