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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.

Valuation $1–2.5B
Revenue $100–500M
Headcount 500–1k
Total funding $100–500M
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Nesto and the history behind them.

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
client focusb2btechnologyArtificial Intelligenceclient focusb2csub industryMortgages & Lendingbusiness modelMarketplace & ecommerceindustryFintechsectorVerified Unicorns and $1B ExitssectorMortgagesectorB CorpsectorVerified Thoroughbreds

Valuation & funding

Nesto funding history

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
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
Showing 7 recorded eventsUnlock the complete deal history →

Financials

Revenue and workforce over time

Available revenue and workforce history. Fields without reported data are omitted.

YearRevenueGrowthEmployees
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
Company filings, research estimates and Dealroom dataOpen the full financial model →

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.

Latest monthly visits200K 3-month web change-9.1% 1-year team growth+20.4%
Monthly website visits72 observations · Feb 2020–Jul 2026
Hover or focus a point to see its exact monthly valueCompare with peers →

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.

Showing 8 of the closest matchesCompare every metric →

Capital deployed

Nesto investments and acquisitions

Recent portfolio relationships for companies that also act as investors or acquirers.

Talent graph

Nesto's talent

Book a demo to see the people
Team profiled 14 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 5 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

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.

Seed 1 investor entered at this stage
Mackenzie Investments
Series A 5 investors entered at this stage
Diagram
Invest Quebec
Marc Alloul
Breyer Capital
Portage Ventures
Series B+ 6 investors entered at this stage
IGM Financial
Endeavor Catalyst
La Caisse
Fidelity Investments Canada
PICTON Investments
NAventures
Other known 1 additional known investor
Google for Startups Accelerator

Global footprint

Where Nesto has talent and traffic

Workforce by country
7 countries with
team presence
🇨🇦 Canada97%
🇧🇷 Brazil0.9%
🇺🇸 United States0.6%
🇮🇳 India0.6%
🇨🇷 Costa Rica0.3%
Top 5 of 7 shown

In the news

Latest news about Nesto

Recent press, funding announcements, and product moves mentioning Nesto — open to read from the original sources.

See all news

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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