About nesto
nesto is a Financial Services company based in Montreal (Canada) founded in 2018 by Karim Benabdallah. Mortgage loans are matched via an AI-driven online marketplace. It operates on a Brokerage / Intermediation and Professional Services model. nesto has raised $206.89 million across 5 funding rounds from investors including Fidelity Investments, National Bank of Canada and BMO. The company has 522 employees. nesto has completed 1 acquisition, including CMLS Financial. nesto was last valued at $1.07 billion in June 2026. Its website nesto.ca draws about 230 thousand monthly visits. nesto offers products and services including Mortgage Financing, Mortgage Renewal, Mortgage Refinance, and HELOC. Its focus areas include Banking and Mortgage Lending. Its legal entity is nesto Inc. Its competitors include Manzil, Properly and Pinch Financial; 2 of its 3 listed competitors have raised funding.
Company details
Mortgage financing solutions are offered by nesto, a digital lender operating across Canada. Various mortgage products, including fixed and variable rate mortgages, renewals, refinancing, and home equity lines of credit, are provided. Services are delivered through an online platform supported by over 300 mortgage experts. The company focuses on transparency and low rates in the financial sector, catering to first-time buyers, repeat buyers, and homeowners seeking refinancing options. Operations span multiple provinces and cities, ensuring broad accessibility to mortgage solutions.
- Total Equity Funding$206.89M (USD)
in 5 rounds
- Latest Funding Round$76.72M (USD), Series E
Jun 2026
- InvestorsFidelity Investments
& 18 more
- Employee Count522
- Investments & Acquisitions
Products & Services of nesto
nesto offers a comprehensive portfolio of products and services, including Mortgage Financing, Mortgage Renewal, Mortgage Refinance, and HELOC.
Mortgage financing solutions are provided for Canadian homebuyers.
Mortgage renewal options are offered to existing clients.
Refinancing services are available for mortgage balance adjustments.
Home equity lines of credit are provided to homeowners.
Apps and channels of nesto
its YouTube channel nesto | Canada Mortgages - Hypothèques has 330 subscribers and 30 videos.
Videos from nesto
The most watched videos on nesto's YouTube channel, nesto | Canada Mortgages - Hypothèques (330 subscribers). Click a video to play it here.
Funding Insights of nesto
nesto has successfully raised a total of $206.89M across 5 strategic funding rounds. The most recent funding activity was a Series E round of $76.72 million completed in June 2026. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $206.89M
- Total Rounds 5
- Last Round Series E — $76.72M
- First Round $8.5M
(Jun 2020)
- Investors Count 15
All 5 funding rounds of nesto with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2026 | $76.72M | Series E | – | – | |
| Jun 2024 | Series D | – | – | ||
| Dec 2022 | $58.87M | Series C | – | IGM Financial | |
| Jun 2021 | $62.8M | Series B | – | Michael Rowell, Michael Paulus | |
| Jun 2020 | $8.5M | Series A | – | Diagram Ventures, Invest Quebec | – |
| Date | Valuation | Stage |
|---|
Full valuation and stage history of nesto
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Last known valuation $1.07B (Jun 2026). 19 investors in total: 16 institutional and 3 angel.
Investors in nesto
nesto has secured backing from 19 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Fidelity Investments, National Bank of Canada and BMO.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage investments in insurance, financial services, and healthcare are targeted. | diagram.ca | Montreal, Canada | ||
A global fintech and financial services investment platform is operated. | 2016 | portageinvest.com | Montreal, Canada | |
Venture capital firm | breyercapital.com | Menlo Park, United States | ||
Endeavor is focused on supporting high-impact entrepreneurs globally. | endeavor.org | New York, United States | ||
Limited information is provided about Formentera Capital's activities. | formentera.vc | |||
Private equity firm focused on buyouts | 2005 | peqm.com | Greenwich, United States | |
Private equity investments are directed across multiple sectors. | 2002 | sagard.com | Paris, France | |
Portage is recognized as a global fintech investment platform. | p3vc.com | Montreal, Canada | ||
Wealth and investment management services are provided to clients. | 1926 | igmfinancial.com | Winnipeg, Canada | |
Commercial bank | 1859 | nbc.ca | Montreal, Canada |
Investor details for nesto
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of nesto
72 people are tracked at nesto (22 in leadership, 50 in team); the tracked headcount is 522.
| Name | Role | Group |
|---|---|---|
Karim Benabdallah | Founder | Leadership |
Samuel Couture Brochu | Chief Product Officer | Leadership |
Christophe Bernier | Vice President Of Financing Operations | Leadership |
Greg Perowne | Senior Vice President Operations | Leadership |
Gabriel Barbieri, CPA | Senior Vice President, Finance & Treasurer | Leadership |
Julien C. Brosseau | General Counsel, Chief Compliance Officer And Privacy Officer | Leadership |
Blake Dumelie | VP Capital Markets | Leadership |
Mathieu Frenette | Director Of Devops — Lead Platform Developer | Leadership |
Sam Bryant | Vice President Of Sales - B2b Partnerships | Leadership |
Olivier Lachance | Sales Director | Leadership |
Marie Vanderstam | Director - Servicing Client Operations | Leadership |
Jaclyn Quinn | Director, Growth Operations - Special Projects | Leadership |
Chase Belair | Principal Broker & Co-founder | Leadership |
Damien Charbonneau | Co-founder And COO | Leadership |
Malik Yacoubi | Co-founder And CEO | Leadership |
Marc-Antoine Aubé | Vice-president, Product Strategy | Leadership |
Marcel Cristocea | Director Of Software Development | Leadership |
Louis-David Coulombe | VP Of Engineering | Leadership |
Matt Pearce | Director, Product Design | Leadership |
Adham H. | Director, Growth Operations | Leadership |
52 more people are available in the full profile.
Complete people profiles for nesto
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Investments & Acquisitions by nesto
nesto has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include CMLS Financial.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Commercial, residential, and institutional mortgage services are provided across sectors. | cmls.ca | Vancouver, Canada | 1974 | Jun 2024 | •••• |
Complete acquisition details for nesto
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Timeline of nesto
5 dated milestones of nesto across 8 years, from founding to its latest funding, stage changes and deals.
- Founded nesto is founded.
- Funding First funding round of $8.5M.
- Acquisition Acquires CMLS Financial.
- Funding Latest funding round, Series E, of $76.7M.
- Milestone Reaches Unicorn status.
Competitors of nesto
nesto has 3 listed competitors in our database, 2 of them funded. They include Manzil, Properly and Pinch Financial.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| manzil.ca | 2017 | Toronto, Canada | $2.02M | Shariah-compliant mortgage loans are offered via an online marketplace. | ||
| properly.ca | 2018 | Toronto, Canada | $75.03M | End-to-end online brokerage services for residential property transactions are provided. | ||
| pinchfinancial.com | 2016 | Toronto, Canada | Residential mortgage loans are facilitated through an online marketplace. |
Detailed competitors of nesto
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Web traffic of nesto
The website of nesto (nesto.ca) receives about 230.3K visits a month and ranks #184,601 among all websites worldwide, #2,901 in Banking Credit and Lending.
- Monthly visits230.3K
▲ 18.6% vs previous month
- Unique visitors118.4K
per month
- Global rank#184,601
among all websites
- Category rank#2,901
Finance · Banking Credit and Lending
- Bounce rate43%
- Pages per visit3.5
- Average visit1 min 14 sec
- DevicesDesktop 34% · Mobile 66%
Websites whose visitors overlap most with nesto. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| ratehub.ca | 100% | 1.3M | #53,829 | View details | |
truenorthmortgage.ca | truenorthmortgage.ca | 99% | #214,322 | – | |
| wowa.ca | 95% | 383K | #174,536 | View details | |
canadianmortgagetrends.com | canadianmortgagetrends.com | 76% | #326,266 | – | |
| scotiabank.com | 71% | 22.8M | #1,863 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for nesto
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Related news about Nesto
Complete news archive for nesto
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Frequently Asked Questions about nesto
nesto was founded in 2018 and raised its 1st funding round 2 years after it was founded.
nesto is headquartered in Montreal, Canada. It is registered at Montreal, Quebec, Canada.
nesto is a funded company, having raised a total of $206.89M across 5 funding rounds to date. The company's 1st funding round was a Series A of $8.5M, raised on Jun 2020.
nesto has 522 employees.
Mortgage financing solutions are offered by nesto, a digital lender operating across Canada. Various mortgage products, including fixed and variable rate mortgages, renewals, refinancing, and home equity lines of credit, are provided. Services are delivered through an online platform supported by over 300 mortgage experts. The company focuses on transparency and low rates in the financial sector, catering to first-time buyers, repeat buyers, and homeowners seeking refinancing options. Operations span multiple provinces and cities, ensuring broad accessibility to mortgage solutions.
nesto's top competitors include Manzil, Pinch Financial and Properly.
nesto offers Mortgage Financing, Mortgage Renewal, Mortgage Refinance, and HELOC.
nesto has made 1 acquisition, including CMLS Financial.
nesto has 19 investors. Key investors include Fidelity Investments, National Bank of Canada, BMO, Sagard, and Portage.
The valuation of nesto is $1.07B as of Jun 2026.
nesto operates through Nesto Inc..
The website of nesto receives about 230 thousand visits a month and ranks #184,601 among all websites worldwide.