Industry: proptech
Sentiment: Positive
Total Articles: 3
Last Article: 2025-05-12 05:03:00+00:00
Nawy, an Egyptian proptech startup, has raised $52 million in Series A funding to expand its real estate platform. The company aims to bring transparency and efficiency to Egypt's fragmented property market by combining listings with brokerage services and offering innovative products like fractional ownership and mortgage alternatives.
MoneyFellows, an Egyptian fintech startup, has raised $13 million in a pre-Series C round to expand its digital rotating savings and credit association (ROSCA) model. The company has achieved profitability by digitizing traditional savings groups, reaching over 8.5 million users without relying heavily on working capital.
Y Combinator-backed Nigerian food procurement startup Vendease has implemented a new performance-based pay structure and is seeking fresh capital after laying off 44% of its workforce. The company is shifting focus to software-driven growth and its buy now, pay later product while phasing out warehousing and logistics operations.