Nawy, founded in 2019 by a group of entrepreneurs frustrated with the opaque Egyptian real estate market, has emerged as Africa's largest proptech platform, secured $52 million in Series A funding. The platform integrates property listings with brokerage services to address inefficiencies and lack of transparency long plaguing buyers. Co-founder El Beltagy's own struggles in navigating property investment inspired the venture, which aims to revolutionize the traditional, commission-driven market. This significant funding aims to scale their operations and improve real estate accessibility across Egypt.
"I had no way to look at the market and understand what's out there, aside from going almost developer by developer, picking up their brochures and asking their salespeople questions, which was highly inefficient."
El Beltagy's model not only brings transparency to the unregulated real estate market but also establishes a tech-focused environment where client needs are prioritized over high commissions.
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