Nawy Secures $23M Debt Boost to Revolutionise Egyptian Property Financing

Malaz Madani

Last updated 18-06-2025

2 min

Egyptian proptech firm Nawy secured $23 million in debt funding from ten major financial institutions.

The funds will boost its "Nawy Now" service, offering flexible payment options for homebuyers.

Founded in 2016, Nawy provides a comprehensive digital homebuying experience, including post-sale support.

The move signals confidence in Nawy despite typical concerns around large debt rounds.

Egyptian proptech firm Nawy has just bagged itself a tidy $23 million debt funding injection, thanks to support from ten major financial institutions in Egypt. The move comes as great news for the startup’s ambitions to amp up its property financing solutions across the bustling Egyptian real estate market. And let's face it, securing this amount via debt rather than traditional VC equity is a bold little twist that should get some tongues wagging.

The funds will primarily fuel the growth of Nawy’s financing product, called “Nawy Now”. Approved by Egypt’s Financial Regulatory Authority, this service offers savvy homebuyers the kind of flexible payment options and speedy approvals they're craving—just what the doctor ordered right now, if you ask me. With demand soaring for accessible, fuss-free homebuying options, Nawy seems spot on to catch that wave.

In case Nawy hasn’t crossed your radar yet, they've been in the proptech game since way back in 2016 (well, perhaps not that long ago, but ages in startup years!). The platform essentially provides an all-in-one digital experience—home search, transactions, docs manegement, the full monty really. They even look after post-sale support and make it easy to rent out or resell your property through their "Nawy Unlocked" service. Pretty comprehensive, fair play to them.

On the flip side, I must admit I'm usually a bit cautious whenever companies announce big debt rounds—borrowing big has its own set of pressures—but given the strong backing from leading local financial institutions, I reckon Nawy knows exactly what it's doing here. And believe it or not, seeing initiatives like these makes us at Arageek rather chuffed to bits. It really feels like another step forward for innovative Middle Eastern startups looking to shake things up in their industries.

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