#devaluation
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. In 2019, frustrated by the challenges of navigating Egypt’s real estate market, where buyers had to rely on word of mouth, commission-driven brokers, and developer-focused sales tactics, Mostafa El Beltagy embarked on a mission to transform the…
