Latest news with #Nawy
Daily News Egypt
6 hours ago
- Business
- Daily News Egypt
Nawy secures $23m debt financing from leading Egyptian institutions to expand mortgage offering
Nawy, Africa's largest proptech platform, has secured $23m in debt financing from ten of Egypt's top financial institutions. The funding will be used to scale Nawy Now, the company's FRA-licensed mortgage product offering flexible payment plans and fast approvals for ready-to-move homes—helping more buyers move in now and pay later. The financing will enable Nawy Now to expand its capacity to finance residential properties and make homeownership more accessible. It will also support the company's broader working capital needs as it continues to transform the real estate experience in Egypt. '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, Chief Financial Officer of Nawy. 'Our mortgage product sits at the centre of a much broader ecosystem that serves as a one-stop shop for the real estate industry,' added Omar El Barouny, Managing Director of Nawy Now. 'This funding allows us to scale that ecosystem and provide more people with a seamless path to owning a home.' The newly secured debt package strengthens the core of Nawy's business model, powering the synergies behind its end-to-end real estate platform. From discovery to post-purchase services, Nawy offers customers a fully integrated homeownership journey. The platform enables users to search for and purchase homes through a tech-enabled interface, while managing all paperwork, legal verifications, and due diligence—ensuring a streamlined, hassle-free experience. Through Nawy Now, customers gain access to flexible mortgage financing tailored to their needs. Beyond the initial transaction, Nawy continues to deliver long-term value with resale services and post-sale support. With Nawy Unlocked, homeowners can also generate rental income, maximising returns on their property investments. Backed by the confidence of Egypt's financial sector, Nawy is well-positioned to expand its operations and push the boundaries of the proptech space. As demand for reliable, flexible paths to homeownership continues to rise, Nawy remains committed to leading innovation and inclusion in Egypt's real estate market.
CairoScene
7 days ago
- Business
- CairoScene
WATCH: Egyptian Startups Secure $228M in First Five Months of 2025
In total, 16 deals were recorded during the period, with 11 of them publicly disclosing investment of $156 million altogether. Jun 11, 2025 Egyptian startups have attracted $228 million in venture capital and debt financing from January to May 2025, according to a statement from the Ministerial Group for Entrepreneurship. The figures mark a 130% year-on-year increase in disclosed investment volume, reflecting continued growth in Egypt's startup ecosystem despite ongoing economic challenges. In total, 16 deals were recorded during the period, with 11 of them publicly disclosing investment amounts that collectively reached $156 million. In addition to equity investments, two notable debt financing deals were secured: proptech platform Nawy raised $23 million, while fintech firm MNT-Halan secured $49 million.
Arab News
06-06-2025
- Business
- Arab News
MENA startup funding grows in May as Egypt rebounds
RIYADH: Startups across the Middle East and North Africa secured $289 million across 44 deals in May, marking a 25 percent rise from April and a 2 percent increase year-on-year. While equity dominated the deal flow, debt financing represented just 9 percent of the total. Egypt led regional fundraising with $125 million, bolstered by Nawy's $75 million round and seven other deals totaling $50 million. The UAE followed with $86.7 million from 14 deals, while Saudi Arabia came third with $69 million from 15 transactions. Kuwait made a rare appearance in the top four, with two startups securing a combined $6 million. Despite the hype around artificial intelligence, fueled by a high-profile visit from US President Trump and Silicon Valley executives, funding in the sector was limited. AI startups attracted just $25 million across two deals, underscoring a gap between public narrative and private capital flows. Fintech maintained its lead among sectors, drawing $86.5 million through 14 rounds. Property technology followed, lifted by Nawy, while media technology firms raised $32 million. Construction technology firm WakeCap raised $28 million, one of the few notable later-stage rounds. Early-stage funding dominated the month, accounting for $161 million, with just one pre-series C deal recorded at $12 million. Business-to-business startups continued to command investor attention, raising $157 million across 29 deals. Hybrid startups secured $79 million, while B2C companies collected $53 million. The gender gap in startup funding persisted, with male-founded teams receiving 82 percent of capital, compared to 7 percent for women-led firms and 11 percent for mixed-gender teams. Stride Ventures doubles down on GCC with Saudi expansion Stride Ventures, a global venture debt firm, is deepening its presence in the Gulf Cooperation Council, centering its growth strategy on Saudi Arabia. The firm announced the opening of a second regional office, the doubling of its local team, and the release of the inaugural Global Venture Debt Report 2025, developed in partnership with Kearney. The report reveals that the GCC's venture debt market has grown at a compound annual growth rate of 54 percent—quadruple the global average—reaching $500 million in 2024 from $60 million in 2020. As part of its regional ambitions, Stride aims to triple its assets under management in the GCC by 2026 and is targeting $500 million in commitments over the next three to five years. 'Saudi Arabia is shaping the future of venture capital and private credit with intention and scale,' said Fariha Javed, partner at Stride Ventures, adding: 'We are seeing a new generation of founders who understand the value of non-dilutive capital to scale responsibly and an equally ambitious set of investors in the region ready to fuel their growth.' Javed said that Saudi Arabia is moving from being a capital source to becoming a capital magnet. Badir Fund backs Shorooq's Nahda Fund II to unlock SME credit The UAE-based Arab Fund for Economic and Social Development has committed capital to Shorooq Partners' Nahda Fund II through its Badir Fund for small and medium-sized enterprises. Founded in 2017, Shorooq is known for offering structured financing to growth-stage companies. Recent recipients include fintech firm Abhi and self-storage platform The Box, which received $15 million and $12.5 million in debt financing, respectively. 'This collaboration with the Badir Fund is a significant step towards empowering SMEs in the Arab region,' said Nathan Kwon, partner and credit head at Shorooq. 'By combining our expertise in structured financing with the Badir Fund's commitment to economic development, we can provide SMEs with the necessary resources to thrive.' Essam Al-Quorashy, secretary general of the Badir Fund. 'This investment from the Arab Fund will unlock vital growth opportunities for small businesses, promote their growth and foster financial inclusion of underserved segments across the Arab region,' Al-Quorashy added. ShipBee secures $235k to digitize logistics in Qatar Doha-based logistics startup ShipBee has closed a $235,000 pre-seed round, valuing the company at $1 million. The funding was led by Qatar's GrowthX, with contributions from two angel investors and $40,000 in founder capital. Founded in March 2024 by Tamer Raafat and Amer Azani, ShipBee provides a tech-enabled logistics platform integrating a digital marketplace, AI-powered software, mobile applications, and international express shipping. The funds will be used to grow the team, enhance the product, and expand regionally. 'This funding empowers us to scale our vision of simplifying logistics through cutting-edge technology,' said Tamer Raafat, co-founder and CEO. 'ShipBee's vision is to build a smart logistics ecosystem in Qatar and MENA using the power of AI and new technologies.' Hamad Al-Hajri, CEO and founder of GrowthX and Snoonu. 'ShipBee perfectly aligns with Qatar's strategic goals by combining innovation with logistics excellence. I firmly believe ShipBee has the potential to become a leading technology-driven logistics platform, both regionally and globally,' Al-Hajri added. Kumulus Water raises $3.5m to scale atmospheric water tech Kumulus Water, a startup headquartered between France and Tunisia, has secured $3.5 million in seed funding to scale its off-grid water production systems. The round included support from Bpifrance, through the France 2030 SGPI initiative and the Ile-de-France Region, as well as regional VCs Khalys Venture, Flat6Labs, PlusVC, and beverage company Spadel. Several family offices and founders from Europe and North Africa also participated. Co-founded by Iheb Triki and Mohamed Abid, Kumulus develops atmospheric water generators that extract drinking water from air humidity — offering infrastructure-free solutions for underserved communities. The new capital will fund the launch of its industrial-grade Kumulus Boks machines and expand operations across France, Spain, and Tunisia, with Saudi Arabia identified as the next market entry point. EightClouds closes $20m round early, eyes consumer sector growth UAE-based alternative investment firm EightClouds has completed its $20 million capital raise ahead of schedule, closing the round in 11 months instead of the planned 24. The firm plans to deploy the funds into strategic acquisitions and initiatives targeting scalable, consumer-focused brands across the Gulf. EightClouds, which focuses on transforming capital into economic prosperity, is concentrating its activities in the food, beverage, and hospitality sectors. These industries, the firm notes, are driven by evolving consumer preferences and digital innovation. The company's expansion strategy will focus on the UAE and Saudi Arabia, markets it views as primed for rapid growth due to policy support and infrastructure readiness. Khwarizmi Ventures eyes $120m for second MENA-focused fund Saudi venture capital firm Khwarizmi Ventures is planning to raise up to $120 million for its second fund, aimed at supporting early-stage startups across the Middle East and North Africa. The fund will target investments from seed to series A stages and is expected to close by the end of 2025. Speaking to Alarabiya Business, managing partner Abdulaziz Al-Turki described the regional climate as a 'golden opportunity' for early-stage investors. 'The number of unicorns in MENA has grown from zero a decade ago to eight today,' he said, adding: 'By 2035, that number could reach 60.' Khwarizmi Ventures' strategy is designed to place capital early in companies with strong scaling potential ahead of larger funding rounds. Edtech startup Taawoni raises $1.6m to expand training platform Saudi-based education technology company Taawoni has closed a $1.6 million investment round led by M Capital and supported by undisclosed investors. The startup, founded in 2021 by Aliyah Al-Ghubayn, operates a platform focused on cooperative training and professional development. Taawoni enables collaboration between universities and employers to deliver co-op training programs that provide students nearing graduation with real-world work experience. The new funds will be used to drive growth and integrate more deeply into both the education and human resources technology ecosystems across the region. Expansion into new regional markets is also planned.
Fintech News ME
05-06-2025
- Business
- Fintech News ME
MENA Startups Raise $289M in May as Egypt Leads Recovery
The startup ecosystem in MENA experienced renewed momentum in May 2025, securing a total of US$289 million across 44 deals. This reflects a 25% increase compared to April and a modest 2% rise year-on-year. Debt financing accounted for only 9% of the total investment, with the bulk of capital directed towards equity deals. Egypt regained its position as the region's leading recipient of funding, largely thanks to Nawy 's notable US$75 million round. According to Wamda, seven other Egyptian startups collectively raised US$50 million, marking activity levels not seen since July of the previous year. The UAE followed with US$86.7 million raised across 14 deals, while Saudi Arabia trailed closely behind with US$69 million from 15 deals. Meanwhile, Kuwait made a rare appearance on the investment radar, with two startups securing a combined US$6 million, positioning the often-overlooked GCC nation in fourth place. AI remained a hot topic in the Gulf, especially following a high-profile visit by US President Trump and prominent Silicon Valley AI executives. The diplomatic event prompted both Saudi Arabia and the UAE to announce major plans to enhance their local AI ecosystems. However, despite the political attention and media excitement, investment in AI startups fell short of expectations. The sector drew only US$25 million across two deals, underscoring the disconnect between the narrative and actual funding activity. Fintech continued to lead in sectoral funding, attracting US$86.5 million through 14 rounds. Proptech followed closely, buoyed by Nawy's large raise, while mediatech companies brought in a total of US$32 million from two deals. Construction technology also made a notable contribution, with WakeCap raising US$28 million. There was a marked absence of late-stage funding activity in May. Just one pre-Series C round was recorded, amounting to US$12 million. Early-stage investments dominated, accounting for US$161 million of the total capital raised. Investor preference continued to lean towards business-to-business (B2B) models. B2B startups attracted US$157 million across 29 deals, while hybrid B2B/B2C companies brought in US$79 million. In contrast, business-to-consumer (B2C) startups received significantly less attention, with nine companies raising a combined US$53 million. The gender gap in startup funding remained pronounced. Startups founded exclusively by men secured 82% of the total capital. Female-founded ventures garnered just 7%, while teams comprising both male and female founders attracted nearly 11%.
Zawya
04-06-2025
- Business
- Zawya
'Nawy Shares' leads the transformation towards regulating fractional real estate investment in Egypt
In light of the recent statement issued by the Financial Regulatory Authority (FRA) regarding the initiation of concrete steps by several digital platforms specializing in fractional real estate investment to establish investment funds and obtain the necessary licenses for underwriting and promotion activities, Nawy Shares proudly affirms its position as the first entity to champion this regulatory path forward under the leadership and supervision of the FRA. Nawy Shares is the fractional investment arm of Nawy, Egypt's leading real estate platform. It was launched to provide flexible and secure investment opportunities in the real estate market, enabling individuals to own shares in real estate units thus promoting financial inclusion and expanding access to real estate investment. Nawy Shares extends its sincere appreciation to the Financial Regulatory Authority for its pioneering efforts in regulating Egypt's non-banking financial sector, its commitment to protecting investors, and its dedication to reinforcing principles of transparency and trust in this vital industry. For over a year and a half, Nawy Shares has worked closely with the FRA's technical and legal departments to understand the legislative and regulatory requirements needed to formalize its business model. We commend the Authority's diligent work in establishing a clear and robust regulatory framework for fractional real estate investment models one that ensures investor protection and long-term sector growth. The Authority's announcement today marks a significant milestone and a culmination of collaborative efforts, laying the groundwork for a promising and well-regulated investment sector. In its official statement, the FRA noted: 'The positive response from the applying companies reflects a growing awareness of the importance of adhering to legal frameworks and a clear desire to operate under an organized regulatory umbrella that safeguards all parties and contributes to market stability.' Nawy Shares considers this recognition from the Authority a testament to its unwavering commitment, from day one, to legal compliance and regulatory alignment and to building a reliable, innovative investment model. Ayman Magdy, Managing Director of Nawy Shares, commented: 'At Nawy Shares, we are proud to be at the forefront of this transformation. What began as an idea has now become a tangible, regulated reality. From concept to execution, our vision has always been to empower individuals to invest in real estate in a smart and secure way. We are excited to continue this journey under a clear regulatory framework that protects investors and enhances market confidence.' Nawy Shares is proud to be one of the first platforms to officially submit a request to establish a real estate investment fund and obtain the necessary licenses a move that reflects its deep commitment to operating within a sustainable and legally sound environment. Nawy Shares looks forward to continue collaboration with the Financial Regulatory Authority and all stakeholders to grow and support this innovative investment model, offering secure, accessible, and forward-looking opportunities tailored to the needs of Egyptian investors.
