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Nesto

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AI-powered digital mortgage and lending technology platform.

Montreal, CanadaFounded 2018Fintech
Valuation $1–2.5B Last recorded · 2026
Revenue $100–500M Latest reported FY
Headcount 500–1k Current team size
Total funding $100–500M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Nesto and the history behind them.

About Nesto

Nesto is a Canadian-based online mortgage lender that leverages advanced technology to streamline the mortgage process for its customers. The company operates in the financial services market, specifically in the mortgage lending sector, serving a broad range of clients across Canada.

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Nesto's business model is centered around providing a simplified, transparent mortgage experience. The company uses an AI-powered algorithm to provide customers with their best mortgage rate in seconds. Customers can then tailor their options by providing more information about their personal objectives. Once the mortgage is built and applied for, the approval process is straightforward, with customers easily uploading their supporting documents for review.

The company stands out in the market by offering expert advice without commission, ensuring that the advice given is unbiased. With over 300 advisors across Canada, Nesto guides customers through the mortgage financing experience from start to finish, and throughout the life of their loan.

Nesto generates revenue through the interest paid on the mortgages it provides. The company has helped over 400,000 Canadians secure mortgages, demonstrating its significant market presence.

The company prides itself on its customer service, with readily available mortgage experts and passionate team members. This is reflected in their average customer rating of 4.5 out of 920 reviews.

In summary, Nesto is a pioneering online mortgage lender that uses advanced technology to simplify and streamline the mortgage process for its customers, while offering expert, unbiased advice.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2018
Headquarters
Montreal, Canada
Employees
508
Open positions
116
Dealroom signal
94.0/100
Industry
Fintech
Sub-industry
Mortgages & Lending
Sector
Fintech, Verified Unicorns and $1B Exits, Mortgage, B Corp, Verified Thoroughbreds
Technology
Artificial Intelligence
Business model
Marketplace & ecommerce
Client focus
b2b, b2c
Investment activity
1 company, latest Jun 2024
Capital deployed
Preferred round
ACQUISITION

Funding history

7 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SECONDARYOther financing Jun 2026 $143M $1.1B Endeavor Catalyst · La Caisse · Fidelity Investments Canada · PICTON Investments
SERIES EOther financing Jun 2026 $78M $1.1B La Caisse · Fidelity Investments Canada · Endeavor Catalyst · Portage Ventures
Showing the latest 2 of 7 recorded eventsBook a demo for the full funding history →

Financials

Revenue over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

YearRevenueGrowth
2026
2025
2024
2023
2022
2021
2020
Company filings, research estimates and Dealroom dataBook a demo for the full financial model →

Growth signals

Nesto website traffic

Latest recorded traffic for Nesto is 200K monthly website visits, down 9.1% over the last three months. Nesto's team grew 20.4% over the past year.

Latest monthly visits200K 3-month web change-9.1% 1-year team growth+20.4%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

Company identity and context are open; selected comparison metrics preview what is available on the platform.

Showing 8 of the closest matchesCompare every metric →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

13 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed1 investor entered at this stage

  • Mackenzie Investments

Series A5 investors entered at this stage

Series B and later6 investors entered at this stage

  • IGM Financial
  • Endeavor Catalyst
  • La Caisse
  • Fidelity Investments Canada
  • PICTON Investments
  • NAventures

Other known investors1 additional known investor

  • Google for Startups Accelerator
Team profiled 14 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 5 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
7 countries with
team presence
🇨🇦 Canada97%
🇧🇷 Brazil0.9%
🇺🇸 United States0.6%
🇮🇳 India0.6%
🇨🇷 Costa Rica0.3%
Top 5 of 7 shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Nesto on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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