Nesto is a fintech company that is building the smartest & simplest mortgage solution to transform the $1.3 Trillion Canadian mortgage industry.

nesto is on a mission to offer a positive, empowering and transparent property financing experience, simplified from start to finish.

Nesto was launched in 2018 by Malik Yacoubi, Karim Benabdallah, Chase Belair and Damien Charbonneau. The company is headquartered in Montreal, Quebec, Canada.

 

nesto offers Canadians a leading digital mortgage experience and by empowering partner mortgage lenders to improve and streamline their mortgage lending operations with the nesto Mortgage Cloud.

 

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 is backed by Investissement Québec, Diagram Ventures, Breyer Capital, IGM Financial, BMO Capital Partners, National Bank of Canada, Portage, NAventures, Michael Rowell & Michael Paulus of Assurance IQ, and others. The company raised CAD$80M ($58M) in Series C round on Dec 13, 2022. This brings Nesto's total funding to $145.5M to date.

 

 

  • Year founded: 2018
  • Funding Info: $145.5M over 3 Rounds (Latest Funding Type: Series C)
  • Yearly Revenue: NA
  • Employee Size: 201-500
  • Business Valuation: NA
  • City/Town: Montreal
  • State: Quebec
  • Country: Canada
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