Nesto is a Montreal-based fintech that provides online consumer mortgages and business financing products. The company has more than $80 billion in mortgages under administration and has done $37 billion in originations this year. It generates more than $300 million in annualized revenue and has raised $470 million in capital to date. Nesto is incorporating generative AI into internal operations and products and intends to use new funding to further that work. The firm aims to reduce mortgage underwriting times dramatically — targeting as little as two minutes from a current one-day process — while keeping decisioning auditable and overseen by human underwriters. Nesto plans to expand its business-to-business arm by offering AI-powered products to other financial institutions and is focused on the Canadian market without plans to expand to the United States.

Total raised

$241M

Funding rounds

4

Latest round

Series E

Latest activity

Jun 2026