Nawy, the proptech startup from Egypt, has acquired a majority stake in the UAE’s SmartCrowd. The value was not disclosed.

More to Know:

• Nawy offers listings and brokerage services, including Nawy Shares for fractional real estate investment and buy-now-pay-later housing solutions.
• SmartCrowd is a fractional property ownership platform, allowing investors to buy stakes in income-generating properties starting from $150.
• The acquisition facilitates Nawy’s entry into the UAE market, with gradual expansion planned into other GCC countries.
• This follows Nawy’s recent Series A investment round of $52 million and an additional $23 million in debt financing.
• Nawy previously acquired ROA and rebranded it as Nawy Unlocked, focusing on converting unfinished properties into income-generating rental units.
• Nawy was founded in 2019, while SmartCrowd launched in 2018.