Nawy

Nawy, formerly known as “Cooing,” is an Egyptian proptech company founded in 2016 by Mohamed Abou Ghanima, Abdel-Azim Osman, Ahmed Rafea, Aly Rafea, and Mostafa El Beltagy. The company aims to revolutionize the real estate market by digitizing property transactions, offering a comprehensive platform for buying and selling properties across Egypt.

Services and Offerings:

• Property Listings: Nawy provides an extensive database of residential and commercial properties, allowing users to search and filter options based on criteria such as unit space, price, and location. This feature empowers customers to make informed real estate decisions, enhancing transparency in the property market.

• Nawy Now: This service enables customers to purchase properties with flexible payment plans, including options extending up to 10 years, facilitating immediate and hassle-free property acquisition. In collaboration with Contact Financial’s real estate finance subsidiary, Med Wealth Funds, Nawy signed a 1 billion EGP agreement to fund the “Move now, Pay later” service, allowing customers to buy properties now and pay over time.

Funding and Growth:

• Seed Funding: In February 2022, Nawy secured a $5 million seed investment led by the Sawiris family office. This funding aimed to enhance the company’s technology and expand its services.

• Series A Funding: By 2024, Nawy had raised a total of $15 million in Series A funding, attracting nine investors.

Impact and Expansion:

Nawy has assisted over 60,000 individuals in finding their ideal homes and has sold properties worth over $200 million, helping thousands of families purchase their dream homes. The company employs more than 200 individuals across various departments, all working passionately to deliver exceptional experiences to customers.

By leveraging technology, including machine learning and artificial intelligence, Nawy aims to become the central platform for all real estate transactions in the region, beginning with Egypt. The company’s innovative approach has significantly streamlined the property search and transactional experience, empowering customers to make informed real estate decisions.

Nawy’s commitment to digitizing the property buying and selling process positions it as a leading player in Egypt’s real estate market, offering a seamless and transparent homebuying journey for its users.