N
Nesto
Fintech · Montreal, Canada · Founded 2018
AI-powered digital mortgage and lending technology platform. MoreLess
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.
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.
Keywords: Online Mortgage Lender, Financial Services, AI-Powered Algorithm, Streamlined Mortgage Experience, Expert Advice, No Commission, Customer Service, Transparent Process, Canadian Market, Interest Revenue.
Company overview
Nesto company information
The essential company record, classifications and operating signals in one place.
- Status
- Operational
- Founded
- 2018
- Headquarters
- Montreal, Canada
- Employees
- 508
- Open positions
- 116
- Dealroom signal
- 94.0
- Investment activity
- 1 companies · latest Jun 2024
- Capital deployed
- —
- Preferred round
- ACQUISITION
Valuation & funding
Nesto 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 | ↗ |
| SERIES COther financing | Dec 2022 | $80M | $320M | IGM Financial | ↗ |
| SERIES BOther financing | Jun 2021 | $56M | $223M | Diagram · Marc Alloul · Breyer Capital · Portage Ventures | ↗ |
| SERIES AOther financing | Jun 2020 | $8.4M | $34M | Invest Quebec · Diagram | ↗ |
| SUPPORT PROGRAMOther financing | Dec 2018 | Google for Startups Accelerator | — | ||
| GRANTOther financing | Nov 2018 | Mackenzie Investments | ↗ |
Financials
Revenue and workforce over time
Available revenue and workforce history. Fields without reported data are omitted.
| Year | Revenue | Growth | Employees |
|---|---|---|---|
| 2026 | $204M | 0% | 508 |
| 2025 | $204M | +85.5% | 422 |
| 2024 | $110M | +171.6% | 322 |
| 2023 | $41M | +187.2% | 288 |
| 2022 | $14M | 0% | 237 |
| 2021 | $14M | +354.8% | — |
| 2020 | $3.1M | — | — |
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.
Hiring
Open positions at Nesto
Current openings linked to this company in Dealroom.
Comparisons
Nesto compared with similar companies
Dealroom’s weighted taxonomy model identifies the closest operating peers. Company identity and context stay open; selected comparison metrics preview what is available in the platform.
Capital deployed
Nesto investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Talent graph
Nesto's talent
Source: Dealroom Talent Intelligence.
Investors
13 investors on Nesto's cap table
Sourced from Dealroom's funding and investor records. Investor profile links are shown where available.


Global footprint
Where Nesto has talent and traffic
team presence
In the news
Latest news about Nesto
Recent press, funding announcements, and product moves mentioning Nesto — open to read from the original sources.
Market sentiment
What the market is saying about Nesto
An AI-synthesized read of the highest-engagement posts about Nesto on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.
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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