Nawy Secures $23 Million in Debt Financing to Expand Mortgage Services
Nawy will use the funding to broaden access to mortgage solutions across Egypt’s real estate market.
Egyptian real estate technology company Nawy has secured $23 million in debt financing to expand its mortgage services. The funding round saw participation from major financial institutions including the National Bank of Egypt, Banque Misr, Suez Canal Bank, AAIB, and the Arab Investment Bank.
This debt raise will enable Nawy to scale its digital mortgage offering, which it launched in 2022 to provide end-to-end home financing solutions. By streamlining access to mortgages, the platform aims to increase affordability and transparency for property buyers across Egypt’s fragmented real estate landscape.
Nawy plans to deploy the funds to increase its reach and speed up loan disbursement for approved clients, helping more Egyptians secure homes without traditional barriers. The company’s integrated platform connects users with property listings, financing tools, and real estate advisory services under one roof.
The latest funding builds on Nawy’s growing presence in Egypt’s proptech sector, following a $5 million equity round led by the Sawiris family’s Gemini Holding in 2022. The company has since positioned itself as a one-stop shop for digital real estate transactions and financing.
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