Nawy, a Cairo-based property technology startup, has raised USD 75 million (EGP 3.7 billion) in a Series A funding round, including USD 52 million (EGP 2.6 billion) in equity and USD 23 million (EGP 1.1 billion) in debt financing from Egypt’s largest banks. Nawy Shares, a fractional ownership offering, allows middle-income Egyptians to invest in property with as little as USD 500 (EGP 25,190). The service is supported by the firm’s USD 23 million (EGP 1.1 billion) debt line. Nawy closed 2024 with more than USD 1.4 billion (EGP 70.5 trillion) in gross merchandise value, up from USD 38 million (EGP 1.9 billion) in 2020, and remains profitable, according to El Beltagy. The company also plans to grow through acquisitions, including its recent purchase of property management startup ROA, now rebranded as Nawy Unlocked.