nesto

Summary active Updated Jun 11, 2026

This profile is AI-generated. If you spot an error, please help us fix it by sharing a URL to the correct information.

Location Montréal, Canada
Latest Stage Series E
Total Raised CAD$302M+ (Series E)
Website https://www.nesto.ca
Sector
fintech ai real-estate mortgages lending

Investors

series-e (2026)

Founders

Malik Yacoubi Co-Founder & CEO

About

nesto is a Montréal-based mortgage technology and financing platform that is digitizing Canada’s mortgage origination and servicing markets 123. Through its Nesto Cloud AI-powered lending platform, the company supports the full mortgage lifecycle for banks, credit unions, and direct-to-consumer customers across Canada 13. nesto has more than CAD$37 billion in originations in its current year and administers more than CAD$80 billion in mortgages, and the company describes itself as profitable 12. The Series E announced June 10, 2026 valued nesto at CAD$1.47 billion 12.

Funding History

Date Round Amount Lead Co-investors
2026-06-10 Series E CAD$302M La Caisse Fidelity Investments Canada, PICTON Investments, Endeavor Catalyst, Portage, Diagram, NAventures, Fonds de solidarité FTQ, Fondaction 123

What Investors Say

Kim Thomassin of La Caisse said: “This investment reflects our confidence in nesto, a Montréal-based fintech that stands out for its business model and innovative approach.” 12

What Founders Say

Co-founder and CEO Malik Yacoubi said: “We have executed with focus and consistency on our mission to build the mortgage ecosystem of the future.” 12

Sources

  1. GlobeNewswire (nesto press release), “nesto raises $302 million Series E at $1.47 billion valuation to accelerate growth,” June 10, 2026. Accessed June 11, 2026. https://www.globenewswire.com/news-release/2026/06/10/3309762/0/en/nesto-raises-302-million-series-e-at-1-47-billion-valuation-to-accelerate-growth.html↩↩↩↩↩↩↩

  2. La Caisse press release, “nesto raises $302 million Series E at $1.47 billion valuation to accelerate growth,” June 10, 2026. Accessed June 11, 2026. https://www.lacaisse.com/en/news/pressreleases/nesto-raises-302-million-series-e-147-billion-valuation-accelerate-growth↩↩↩↩↩↩

  3. BetaKit, “Nesto secures nearly $1.5-billion valuation in new Series E round,” June 10, 2026. Accessed June 11, 2026. https://betakit.com/nesto-secures-nearly-1-5-billion-valuation-in-new-series-e-round/↩↩↩