Nesto - About the company
Nesto is a series E company based in Montreal (Canada), founded in 2018 by Karim Benabdallah. It operates as a Residential Mortgage Loan Marketplace. Nesto has raised $207M in funding from investors like Invest Quebec, IGM Financial and Diagram Ventures, with a current valuation of $1.07B. The company has 61 active competitors, including 10 funded and 2 that have exited. Its top competitors include companies like Pinch Financial, Pineapple and Pine.
Sectors and market segments that Nesto operate in
Nesto serves in the FinTech market segments.The primary business model of Nesto is: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
- www.nesto.ca/
- Social
- Email ID
- *****@nesto.ca
- Phone Number
- +1 **********
Key Metrics
Founded Year
2018
Location
Montreal, Canada
Stage
Series E
Total Funding
$207M in 5 rounds
Latest Funding Round
Post Money Valuation
$1.07B as on Jun 10, 2026
Investors
Ranked
1st among 61 active competitors
Employee Count
522 as on Sep 30, 2026
Investment & Acquisitions
Similar Companies
Legal entities associated with Nesto
Nesto is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
Nesto Inc. CIN: 10319376 , Canada, Active | - | - | - |
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Nesto's funding and investors
Nesto has raised a total funding of $207M over 5 rounds. Its first funding round was on Jun 02, 2020. Its latest funding round was a Series E round on Jun 10, 2026 for $76.7M. 9 investors participated in its latest round. Nesto has 17 institutional investors and 3 angel investors.
Here is the list of recent funding rounds of Nesto:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jun 10, 2026 | $76.7M | Series E | - | - | - | |
Jun 2024 | Undisclosed | Series D | - | - | - | |
Dec 13, 2022 | $58.9M | Series C | - | - |
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Nesto's founders and board of directors
Founder? Claim ProfileThe founders of Nesto is Karim Benabdallah.
Here are the details of Nesto's key team members:
- Karim Benabdallah: Co-Founder & CTO of Nesto. Contact Info: 1 email address
Nesto's Board of Directors
Nesto's board has 9 active members. Paul Desmarais, Malik Yacoubi, Saloua Benkhouya, Damon Murchison, Mélanie Dunn, Susan Kudzman, François Lafortune, Andrew Moor and Sam Brown are independent board members.Here is the list of Nesto's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Independent board member | - | Current | 5y 4m | |
bbtltih | Independent board member | - | Current | 7y 3m |
xtuzbpe | Independent board member | - | Current | 2y 6m |
gzbxmfj | Independent board member | - | Current | 8y 2m |
dboaang | Independent board member | - | Current | 3y 6m |
josyjwg | Independent board member | - | Current | 7y 4m |
quqpf{c | Independent board member | - | Current | 4y 5m |
oweatix | Independent board member | - | Current | 3y 5m |
tdflthw | Independent board member | - | Current | 5y 2m |
View details of Nesto's Founder profiles and Board Members
Nesto's employee count trend
Nesto has 522 employees as of Sep 26. Here is Nesto's employee count trend over the years:
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Nesto's Competitors and alternates
Top competitors of Nesto include Pinch Financial, Pineapple and Pine. Here is the list of Top 10 competitors of Nesto, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Residential Mortgage Loan Marketplace | $207M | 61/100 | ||
2nd |  Pinch Financial 2016, Toronto (Canada), Acquired | Online marketplace for residential mortgage loans | - | 52/100 | |
3rd | Online platform for residential mortgages | $9M | 49/100 | ||
4th | Provider of an online marketplace to find home loans | $21.6M | 48/100 | ||
5th | Provider of financial products adhering to Islamic principles and guidelines | $2.77M | 45/100 | ||
6th | Canadian Mortgage App 2013, Toronto (Canada), Unfunded | End-to-end consumer mortgage planning app | - | - | 41/100 |
7th | Developer of an online platform for residential mortgages | $4.79M | 40/100 | ||
8th |  Canadian Mortgages 2005, Mississauga (Canada), Funding Raised | Provider of mortgage lending services | - | 35/100 | |
9th | Sherwoodcapitalmic 2017, Toronto (Canada), Seed | Provider of investment management services for institutional clients | $2.51M | - | 31/100 |
10th |  Think Financial 2016, Calgary (Canada), Unfunded | Provider of mortgages with flexible features and transparent fees | - | - | 31/100 |
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Nesto's Investments and acquisitions
Nesto has acquired CMLS Financial. Nesto has not made any investments as of now.Reports related to Nesto
Here is the latest report on Nesto's sector:
News related to Nesto
Filter this listMedia has covered Nesto for a total of 2 events in the last 1 year.
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nesto Raises C$302 Million Series E At C$1.47 Billion Valuation To Expand AI-Powered Lending PlatformPulse 2.0•Jun 13, 2026•Nesto
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nesto acquires CMLS Group to build the Canadian mortgage ecosystem of the futureGlobeNewswire•Jun 21, 2024•CMLS Financial, Nesto, Nesto
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nesto named among Deloitte Technology Fast 50(TM) winners for 2023Nov 08, 2023•Nesto
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nesto raises $80 million Series C financing round to accelerate Canadian expansion and launch nesto Mortgage CloudGlobeNewswire•Dec 13, 2022•Nesto, IGM Financial, Diagram Ventures, Portage Ventures and 11 others
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Ricardo Pascoe joins nesto as Executive Head of Capital MarketsGlobeNewswire•Sep 29, 2022•Nesto, National Bank Financial Markets
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