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Overview
Nesto is a Canadian online mortgage lender that uses technology to simplify the mortgage process. It offers mortgage options through an AI-powered algorithm that estimates the best rate in seconds, then lets customers customize based on personal goals. The application process is straightforward, with easy document uploads for review. Nesto differentiates itself by providing unbiased, commission-free expert advice from a team of over 300 advisors across Canada, helping clients from start to finish and during the life of their loan. Revenue comes from the interest on mortgages, and the company has helped over 400,000 Canadians. Its goal is to make the mortgage experience transparent and customer-friendly by combining advanced technology with accessible expert guidance.
About nesto
Industries
Data & Analytics
Fintech
AI & Machine Learning
Financial Services
Company Size
501-1,000
Company Stage
Series E
Total Funding
$222.6M
Headquarters
Montreal, Canada
Founded
2018
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Simplify's Take
What believers are saying
- La Caisse, Fidelity, Picton, and Endeavor Catalyst joined nesto's June 2026 round.
- CMLS adds commercial lending, 1,000 employees, and ten offices across Canada.
- October 2025 Maple investment through CMLS expands distribution and product breadth.
What critics are saying
- CMLS integration can distract management and fracture brands through 2026.
- Ratehub and Big Six banks still advertise lower rates, compressing nesto's spread.
- If originations stall, nesto burns the new $302 million and tightens credit.
What makes nesto unique
- June 2026 Series E valued nesto at $1.47 billion.
- June 2024 CMLS acquisition created Canada's largest tech-driven lender with $60 billion AUM.
- Nesto undercuts Big Six banks on insured mortgage rates by basis points.
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Funding
Total Funding
$222.6M
Above
Industry Average
Funded Over
6 Rounds
Industry standards
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Health Savings Account/Flexible Spending Account
Paid Vacation
Parental Leave
401(k) Company Match
Wellness Program
Mental Health Support
Gym Membership
Growth & Insights and Company News
6 month growth
↑ 3%1 year growth
↑ 0%2 year growth
↑ 0%The Montréal-based digital mortgage lender wants to speed up approvals using AI.
No Hype - just the Facts. Your complete source of news and realtime quotes from the TSX, TSX-V, CSE, CBoe Canada, Montreal, Nasdaq, NYSE, Amex, OTC Markets and Cboe.
This new capital will accelerate the deployment of Nesto Cloud’s AI-powered lending platform across the mortgage financing and financial services sectors....
Toronto-based proptech platform Keypr has partnered with Montréal-based Nesto to incorporate mortgage services into its digital platform aimed at Ontario homebuyers.
MONTREAL, March 19, 2025 (GLOBE NEWSWIRE) - nesto Inc. is pleased to announce the appointment of Susan Kudzman to its Board of Directors.
nesto is Hiring for 31 Jobs on Simplify!
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About nesto
Industries
Data & Analytics
Fintech
AI & Machine Learning
Financial Services
Company Size
501-1,000
Company Stage
Series E
Total Funding
$222.6M
Headquarters
Montreal, Canada
Founded
2018
nesto is Hiring for 31 Jobs on Simplify!
Find jobs on Simplify and start your career today