Cairo - Sharikat Mubasher: Nawy, a leading Egyptian proptech platform, secured $23 million in debt financing from 10 Egyptian top-tier institutions to scale its mortgage offering, Nawy Now.

This debt financing will support Nawy’s broader working capital needs as it continues to reshape Egypt's homeownership journey and accelerate the company's mission to deliver a truly end-to-end experience for homebuyers, the company announced in a recent statement.

Nawy Now is 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. With the new financing, this offering will be able to finance more properties and make homeownership more accessible.

This raise reflects financial institutions' deep confidence and trust in Nawy’s business model, operational strength, and long-term vision. Nawy's integrated model enables it to enhance the full real estate journey, while helping customers find and buy homes through its tech-enabled platform and managing all paperwork, legal verifications, and due diligence.

Nawy also aims to support long-term value through resale services and other post-purchase offerings and unlock rental income opportunities through Nawy Unlocked.

Amr Malek, CFO of Nawy, stated that the newly secured debt financing will allow the company to offer more people a seamless path to homeownership. “Securing this level of financing from Egypt’s leading financial institutions is a strong vote of confidence in what we’re building at 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.”

Moreover, this capital positions Nawy well to expand its operations while continuing to push boundaries in the proptech and real estate space.