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Nesto
AI-powered digital mortgage and lending technology platform.
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.
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
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| 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 | ↗ |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
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.
Open positions
Similar companies
Company identity and context are open; selected comparison metrics preview what is available on the platform.
Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
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
Diagram
Invest Quebec
Marc Alloul
Breyer Capital
Portage Ventures
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
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
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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