Nesto is a fintech company that is building the smartest & simplest mortgage solution to transform the $1.3 Trillion Canadian mortgage industry.
Nesto aims to maximize the potential of using technology to analyze and find the best mortgage solutions for its clients.
Nesto was launched in May 2018 by Malik Yacoubi, Karim Benabdallah, Chase Belair, and Damien Charbonneau. The company is headquartered in Montreal, Quebec, Canada.
Nesto's smart technology will bring Canadians much needed transparency to an obscure and complex process.
Nesto leverages technology to offer a complete transparency on mortgage options available, allowing Canadians to select the best mortgage possible, while managing for them the complexity of the mortgage application.
Nesto’s approach is a mix of both challenging the incumbents and working with them. The startup partnered with life insurance provider SSQ Insurance last year and has an index of over 20 partnerships with mortgage providers across Canada, including TD and Scotiabank.
Nesto has raised $11.5M in a Series A round of funding on June 03, 2020. The equity round was led by Investissement Québec and Diagram Ventures, along with a group of undisclosed, “highly strategic” investors.