Nesto
nesto is Canada's first digital mortgage lending platform, offering competitive rates, a 150-day rate hold, and a 1% cashback option on mortgage solutions.
Services
nesto offers a range of mortgage services catering to various client needs. These include mortgage renewal, refinancing, and first-time homebuyer mortgages. They provide a unique 150-day rate hold option on most mortgage solutions and a 1% cashback option. nesto's services also include a low-rate guarantee with a $500 cash payout if a lower rate is found elsewhere. The company ensures an entirely digital mortgage application process.
Products
nesto provides several mortgage calculators to assist clients in making informed decisions. These include payment, refinance, renewal, affordability, and payment shock calculators. The company offers mortgage financing for residential properties with up to four doors where at least one unit is owner-occupied. However, they do not currently finance rental or investment properties. Through a partnership with Canada Life, nesto also offers strategic mortgage solutions.
History
nesto is recognized as Canada's first digital mortgage lending platform. Located in the Golden Mile Square in Montréal, the company has assisted over 400,000 Canadians with their mortgage needs. nesto is certified as a B Corporation, reflecting its commitment to ethical and transparent business practices. The company has raised $76 million in Series B funding, which will aid in accelerating its growth.
Sector
nesto operates within the financial services sector, specifically focusing on mortgage lending. The company's model minimizes commissions, allowing it to offer the lowest mortgage rates in the market, approximately 20% lower compared to big banks. The mortgage experts at nesto are accredited professionals across multiple provinces in Canada.
Founders
Details regarding the founders of nesto have not been provided in the existing facts. Please refer to nesto's official website or press releases for more information about the founding team.