Latest news with #Nawy
CairoScene
15 hours ago
- Business
- CairoScene
Dawarha Sah Ep06: Nawy Is Reimagining Egypt's Real Estate Market
What if buying a home in Egypt was as easy, transparent, and seamless as ordering something online? Nawy's Mohamed Aboulnaga thinks it should be. Jul 22, 2025 Mohamed Aboulnaga is co-founder and CEO of Nawy, the tech-enabled real estate platform aiming to simplify how Egyptians search, finance, and purchase homes. Aboulnaga breaks down how Nawy is building a vertically integrated product in one of Egypt's most traditional, opaque sectors, and why tech alone isn't enough to solve the real estate problem without trust, data, and user-centric design. We explore the fragmented nature of Egypt's property market, what it takes to raise $5M+ in a down economy, and why Aboulnaga believes the future of homeownership lies in rethinking the entire buyer journey, not just digitizing listings. 🎧 Stream now on Spotify or Anghami, or watch the episode on YouTube, or the #SceneNow app on iOS and Android. Hosted by government relations consultant Dania Ghoneim, Dawarha Sah is the go-to podcast for entrepreneurs, investors, and business leaders navigating Egypt's evolving startup scene.
Arab News
14-07-2025
- Business
- Arab News
Egypt approves largest economic support package for SMEs worth $100.8m
RIYADH: Entrepreneurs in Egypt's priority sectors will soon gain access to affordable financing, as the 2025/2026 state budget earmarks 5 billion Egyptian pounds ($100.8 million) to support micro, small, and medium-sized enterprises. This partnership between the North African country's Ministry of Finance and the Micro, Small, and Medium Enterprises Development Agency, which accounts for the largest economic support in the new budget, represents a significant step in bolstering the private sector and productive industries, according to a statement. This move supports financial policies that boost private sector activity and promote entrepreneurship, aiming for financial sustainability while enhancing MSMEDA's contribution to business growth nationwide. It also aligns with recent data showing that startups across the Middle East and North Africa raised $289 million through 44 deals in May, a 25 percent increase from April and a 2 percent rise year-on-year. Egypt led regional fundraising with $125 million, driven by Nawy's $75 million round alongside seven other deals totaling $50 million. The newly released ministry statement said the money 'will contribute to providing easy financing for young entrepreneurs, targeting priority sectors more closely.' It added: 'This comes as part of a new phase of strong and effective cooperation with the agency, aiming to achieve financial sustainability for the agency to drive economic growth.' The statement further revealed that Egypt's Finance Minister Ahmed Kouchouk noted that an initial agreement with MSMEDA has been reached to fund initiatives that support tax relief beneficiaries, promote entrepreneurship, and boost local manufacturing, as well as empower low-income households and advance export-focused projects. Kouchouk added that this fiscal year, the initial group of businesses enrolling in the simplified and unified tax system would receive access to preferential, low-cost financing. Basel Rahmi, CEO of MSMEDA, commended the Ministry of Finance's efforts to back emerging businesses and boost private-sector expansion. Rahmi praised the minister's proactive vision, noting it would open doors for empowering young entrepreneurs economically. In June, a statement issued by the Ministerial Group for Entrepreneurship indicated that Egypt's startup ecosystem saw notable progress in securing venture capital and debt financing in the first five months of the year, with tracked deals totaling $228 million since January. The statement further revealed at the time that 16 deals were completed between January and May, with 11 of them publicly disclosing investments amounting to $156 million. These investments represented a 130 percent rise compared to the volume during the same period last year.
CairoScene
09-07-2025
- Business
- CairoScene
Egypt's Nawy Acquires Majority Stake in Dubai's SmartCrowd
Cairo-based proptech platform Nawy has acquired a majority stake in Dubai's SmartCrowd, signalling its entry into the GCC market and extending its reach across MENA. Jul 09, 2025 Egyptian proptech platform Nawy has acquired a majority stake in SmartCrowd, a fractional property investment platform based in Dubai. The acquisition marks Nawy's first strategic move into the GCC, following a broader push to expand its presence across the region. SmartCrowd, licensed by the Dubai Financial Services Authority, enables users to invest in real estate through a regulated fractional ownership model. The platform has facilitated over 75 property deals and attracted more than 50,000 users. By acquiring SmartCrowd, Nawy gains immediate access to the GCC market while integrating regulated fractional investment services into its portfolio. The deal comes on the heels of Nawy's $52 million Series A funding round, which forms part of a larger $75 million capital package that includes $23 million in debt financing. The acquisition reflects Nawy's strategy to scale regionally through targeted investment and strategic partnerships, rather than building new platforms from the ground up. Founded in 2019, Nawy has grown into Egypt's largest real estate tech platform, offering a range of services including property search, financing, and after-sales management. With this acquisition, the company is positioning itself as a cross-border proptech player capable of serving a broader MENA customer base.
Zawya
09-07-2025
- Business
- Zawya
Egypt's Nawy buys majority stake in Dubai property investment platform SmartCrowd
UAE telco e&-backed Nawy has entered the GCC market by acquiring a majority stake in SmartCrowd, a Dubai-based platform enabling fractional property investments. No details of the transaction value were given. In May, Egypt-based Nawy secured $52 million in Series A fundraising to accelerate its growth across real estate verticals, including digital property listings, mortgage financing, brokerage services, and fractional ownership. The company acquired asset management and home finishing startup ROA this year, rebranding it as Nawy Unlocked. Founded in 2018, SmartCrowd offers fractional property investment in Dubai, allowing users to co-invest in real estate from as low as $150. To date, the platform has enabled $110 million in property transactions, distributing over $40 million in rental income and capital gains. SmartCrowd currently serves investors from over 130 countries and has exited more than 50 properties as of June 2025. Nawy has over 1 million monthly users and $3 billion in gross merchandise value. Its offerings include Nawy Now (home financing), Nawy Shares (a fractional ownership platform), Nawy Unlocked (asset enhancement services), and Nawy Partners (a B2B brokerage network). (Writing by P Deol; Editing by Anoop Menon) (
Wamda
09-07-2025
- Business
- Wamda
Nawy enters GCC proptech market by acquiring Dubai's SmartCrowd
Egypt-based proptech Nawy has acquired a majority stake in Dubai-based SmartCrowd, a DFSA-regulated platform that enables fractional property investment in the region. The move follows Nawy's recent $52 million Series A round and marks its official entry into the GCC market, strengthening its position as a regional real estate tech powerhouse. SmartCrowd claims to have facilitated $110 million in property transactions and distributed over $40 million in returns, with over 130 countries represented among its investor base. With this acquisition, Nawy's ecosystem now includes platforms for home financing, brokerage, fractional ownership, and asset enhancement—offering a full-stack proptech experience for MENA markets. Press release: e&-backed Nawy has entered the GCC market with a strategic majority stake in SmartCrowd, the region's first regulated platform enabling fractional property investments. The move strengthens Nawy's bid to become the definitive PropTech leader across the Middle East and Africa. This expansion follows Nawy's recent $52 million Series A fundraise in participation with e& Capital, Partech, March Capital Investments (MCI), Endeavor Catalyst, Development Partners International (DPI) Venture Capital via the Nclude Fund, Shorooq, VentureSouq (VSQ), Outliers, Verod-Kepple Africa Ventures (VKAV), HOF Capital, and Plug and Play, part of a US $75 million total to accelerate its growth across real estate verticals including digital property listings, mortgage financing, brokerage services, and fractional ownership. Earlier this year, the Cairo-based company acquired asset management and home finishing startup ROA, relaunching it as Nawy Unlocked, a key pillar in its upcoming property super-app. With Dubai-headquartered SmartCrowd now part of its ecosystem, Nawy establishes a powerful foothold in the GCC market. Founded in 2018, SmartCrowd pioneered fractional property investment in Dubai, allowing users to co-invest in premium, income-generating real estate from as little as $150. To date, the platform has enabled $110 million in property transactions, distributing over $40 million in rental income and capital gains. SmartCrowd currently serves investors from over 130 countries and has successfully exited more than 50 properties as of June 2025, reinforcing its reputation for delivering consistent, market-leading returns. One of its flagship offerings, Flip, acquires and renovates undervalued assets to resell within 15 months – yielding an average 30% ROI as of June 2025. The UAE's real estate investment sector is projected to reach $33 billion by 2030, driven by tokenisation, fractional ownership, and increased cross-border participation – making it a prime inflection point for Nawy's regional push. 'This is a transformative transaction for SmartCrowd, joining forces with Nawy to build the region's premier PropTech ecosystem,' added Riz Ahmed, CEO of SmartCrowd. 'With strong alignment in vision and culture, this partnership accelerates our transition from startup to scale-up – making us the go-to platform for real estate investment in the Middle East.' 'SmartCrowd's platform gives us a proven investment engine built on trust, performance, and regulatory strength,' said Mostafa El-Beltagy, CEO of Nawy. 'The perfect match for Nawy's tech-first approach to real estate. Together, we're unlocking a new era of seamless property investment across MENA: data-driven, accessible, and built for today's digital investor.' Nawy's growing ecosystem includes Nawy Now (home financing), Nawy Shares (fractional ownership platform), Nawy Unlocked (asset enhancement services), and Nawy Partners (B2B brokerage network). Together with SmartCrowd, the group delivers a comprehensive, tech-powered platform to buy, manage, and profit from real estate across key MENA markets. With over 1 million monthly users and $3 Billion in gross merchandise value to date, Nawy is rapidly establishing itself as a transformative force in the region's PropTech landscape.
