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Nesto - About the company

Nesto is a series C company based in Montreal (Canada), founded in 2018 by and . It operates as a Residential Mortgage Loan Marketplace. Nesto has raised $130M in funding from investors like , IGM Financial and Diagram Ventures. The company has 42 active competitors, including 7 funded and 4 that have exited. Its top competitors include companies like Manzil, Pinch Financial and Pine.

Company Details

Residential Mortgage Loan Marketplace. The platform uses an AI-powered algorithm to present relevant mortgage products. It automatically links the user's property and financial details to their private dashboard in order to provide available loan options.
Website
Social
Email ID
@nesto.ca
Phone Number
+1
Key Metrics
Founded Year
2018
Location
Montreal, Canada
Stage
Series C
Total Funding
in 3 rounds
Latest Funding Round
Investors
Ranked
1st among
Similar Companies
&
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Nesto's funding and investors

Nesto has raised a total funding of $130M over 3 rounds. Its first funding round was on Jun 02, 2020. Its latest funding round was a Series C round on Dec 13, 2022 for $58.9M. 7 investors participated in its latest round, lead by IGM Financial.

Nesto has 9 institutional investors including , IGM Financial and Diagram Ventures. There are 3 Angel Investors in Nesto.

Here is the list of recent funding rounds of Nesto:
Date of funding
Funding Amount
Round Name
Post money valuation
Revenue multiple
Investors
Dec 13, 2022
$58.9M
Series C
7025639
9579068
Jun 10, 2021
$62.8M
Series B
5300422
4990305
Jun 02, 2020
$8.5M
Series A
5777409
8828667
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Nesto's founders and board of directors

The founders of Nesto are and . is the CEO of Nesto.

Nesto's Competitors and alternates

Top competitors of Nesto include Manzil, Pinch Financial and Pine. Here is the list of Top 10 competitors of Nesto, ranked by ÃØÃÜÑо¿Ëù score :
Overall Rank
Company Details
Short Description
Total Funding
Investors
ÃØÃÜÑо¿Ëù Score
1st
Logo for Nesto
2018, Montreal (Canada), Series C
Residential Mortgage Loan Marketplace
$130M
BMO, National Bank of CanadaÌý&²¹³¾±è;Ìý
55/100
2nd
Logo for Manzil
Manzil
2017, Toronto (Canada), Seed
Online marketplace for shariah-compliant mortgage loans
$2.77M
OneEleven, The DMZÌý&²¹³¾±è;Ìý
54/100
3rd
Logo for Pinch Financial
Pinch Financial
2016, Toronto (Canada), Acquired
Online marketplace for residential mortgage loans
-
45/100
4th
Logo for Pine
Pine
2021, Toronto (Canada), Series A
Provider of an online marketplace to find home loans
$21.6M
Greylock, Thomvest VenturesÌý&²¹³¾±è;Ìý
44/100
5th
Logo for Canadian Mortgage App
Canadian Mortgage App
2013, Toronto (Canada), Unfunded
End-to-end consumer mortgage planning app
-
-
39/100
6th
Logo for Properly
Properly
2018, Toronto (Canada), Acquired
Provider of end to end online brokerage services for buying and selling residential properties
$75M
Industry Ventures, SVBÌý&²¹³¾±è;Ìý
38/100
7th
Logo for Perch
Perch
2018, Toronto (Canada), Series A
Developer of an online platform for residential mortgages
$4.79M
BEST Funds, Second Century VenturesÌý&²¹³¾±è;Ìý
32/100
8th
Logo for Pineapple
Pineapple
2016, Toronto (Canada), Public
Online platform for residential mortgages
-
31/100
9th
Logo for Connect
Connect
2013, Toronto (Canada), Unfunded
Online P2P lending platform for residential mortgage loans
-
-
28/100
10th
Logo for Homewise
Homewise
2018, Toronto (Canada), Seed
Mortgage brokerage firm
$2.99M
23/100
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Nesto's Investments and acquisitions

Nesto has made no investments or acquisitions yet.

Reports related to Nesto

Here is the latest report on Nesto's sector:
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News related to Nesto

Media has covered Nesto for a total of 3 events in the last 1 year, 2 of them have been about people movement.
•
Benzinga•Mar 19, 2025•Nesto
•
Financial Post•Mar 19, 2025•Nesto
•
GlobeNewswire•Jun 21, 2024•, Nesto,
•
CNW•Dec 04, 2023•Nesto, Canada Life,
•
lelezard.com•Nov 08, 2023•Nesto
•
GlobeNewswire•Dec 13, 2022•Nesto, IGM Financial, Diagram Ventures, and 12 others
•
GlobeNewswire•Sep 29, 2022•Nesto, National Bank Financial Markets
•
GlobeNewswire•Sep 14, 2021•Nesto, Quebecor
•
Montreal in Technology•Jun 02, 2020•Nesto, Diagram Ventures,
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