nesto raises $302 million Series E at $1.47 billion valuation to accelerate growth
This new capital will accelerate the deployment of Nesto Cloud’s AI-powered lending platform across the mortgage financing and financial services sectors.
MONTREAL, June 10, 2026 (GLOBE NEWSWIRE) -- nesto, Canada’s leading mortgage technology and financing platform, today announced the successful closing of a CAD 302 million Series E financing round, comprising a combination of primary and secondary capital, at a CAD 1.47 billion valuation, marking a significant milestone in nesto’s continued growth and expansion.
The funding round brings together prominent new investors, including La Caisse (formerly CDPQ), Fidelity Investments Canada ULC [certain funds], PICTON Investments, and Endeavor Catalyst, alongside renewed participation from existing investors—Portage, Diagram, NAventures, National Bank of Canada’s corporate venture capital arm, Fonds de solidarité FTQ and Fondaction.
Since its inception, nesto has stood out through its unique positioning as a leading provider of mortgage technology and financing solutions. Recently, nesto launched Maestro AI, a unique AI-native orchestration platform designed to drastically simplify end to end mortgage operations and modernize financial workflows.
By combining deep lending expertise with proprietary cloud technology through Nesto Cloud and advanced AI solutions, nesto is transforming Canada’s $2.1 trillion* mortgage industry and is redefining the mortgage experience for homeowners, lenders, and financial institutions alike. Building on this momentum, nesto is now expanding beyond mortgages to bring next-generation AI-powered solutions to the broader financial services industry.
With this new capital, nesto will accelerate the development of its technology and AI capabilities, enabling faster onboarding of partners and clients while further scaling its platform across the industry. Today, the company is growing rapidly across all business units with more than $37 billion in originations this year. nesto manages over $80 billion in mortgages under administration, operates nationwide, and is profitable.
“We have executed with focus and consistency on our mission to build the mortgage ecosystem of the future. This new capital will allow us to accelerate our technology and AI development while onboarding partners at turbo speed,” said Malik Yacoubi, Co-Founder and CEO of nesto.
“This investment reflects our confidence in nesto, a Montréal-based fintech that stands out for its business model and innovative approach. By simplifying and modernizing the mortgage experience, nesto is playing a tangible role in transforming the lending sector in Canada,” said Kim Thomassin, Executive Vice-President and Head of Québec at La Caisse.
About nesto
nesto is Canada’s leading provider of mortgage technology and financing solutions, with over CAD 80 billion in residential and commercial mortgages under administration. nesto is trusted by many of the country’s most prominent financial institutions. Powered by its proprietary technology, nesto is the fastest growing mortgage lender in Canada, gaining market shares in D2C residential lending, in the broker market and in multi-family commercial lending.nesto has been recognized as one of Deloitte’s Fast 50 companies for three consecutive years.
Nesto inc. operates primarily through its CMLS, nesto, and Nesto Cloud brands. Its mission is to build Canada’s mortgage ecosystem of the future and create a true Canadian champion in lending technology and financial services. Learn more at: https://nestogroup.ca/
Media Contact
Martin Aubut
Chief Marketing Officer
Nesto Group
martin.aubut@nesto.ca
+1.514.262.6712
La Caisse
Media Contact
medias@lacaisse.com
+1.514.847.5493 (Québec/Canada)
*Source: CMHC
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nesto HQ - Montreal, Quebec
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Malik Yacoubi, Co-Founder and CEO, nesto
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nesto cloud
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