Founded in 2016 by Mohamed Abou Ghanima, Abdel-Azim Osman, Ahmed Rafea, Aly Rafea, and Mostafa El Beltagy, Nawy allows users to browse houses online using customizable criteria such as unit space, price, and location. So far, the company has helped over 60,000 individuals locate homes, and sold over US$200 million worth of properties, and it is now targeting further growth after raising a US$5 million seed round led by the Sawiris family office. Nawy raised capital from the same source last year. Technology has become too exciting for sectors like real estate to ignore. Although it is slow the adaptation of technology in this sector is gradually increasing as customers are becoming more sophisticated because of technology having gone beyond third-party intervention. PropTech is gaining traction and investors are helping to boost the sector.
Nawy now employs more than 200 people. So far, the organization has assisted over 60,000 people to find their dream homes, sold over $200 million in real estate, and enabled hundreds of families in buying their dream homes. In 2022, the firm has experienced extraordinary expansion because of its fundraising, with an annualized year-over-year increase at an exit of 5.4 times the previous year. Nawy is a virtual real estate marketplace that makes buying and selling homes easier. For all involved, the proptech firm makes this method simple, less hard, and transparent, giving its users a top-notch experience.