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[STARTUPS]

NESTO RAISES CA$302M TO ACCELERATE MORTGAGE PLATFORM

AI DESK■ 1 MIN READ
FRI, JUN 12, 2026

■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE

Montreal-based fintech startup Nesto secured CA$302M in Series E funding at a CA$1.47B valuation. The capital will fund deployment of its AI-powered lending platform to streamline mortgage approvals.

Nesto, an online mortgage lender, plans to use the funding to scale its digital lending infrastructure. The startup's platform leverages artificial intelligence to expedite the mortgage approval process, addressing a traditionally slow sector. The Series E round values the company at CA$1.47B, marking significant growth for the Montreal firm. The fresh capital supports Nesto's expansion strategy as it competes in the digital mortgage space against both traditional lenders and other fintech players. The startup has positioned itself as a faster alternative to conventional mortgage brokers and banks, focusing on automation and reduced processing times. With the new funding, Nesto aims to increase deployment capabilities and reach more borrowers across its markets.

■ SOURCES

► Techmeme

■ SUMMARY WRITTEN BY AI FROM THE LINKS ABOVE

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