Montreal fintech nesto has raised $302 million in Series F financing, pushing its valuation to approximately $1.5 billion. The round, made up of primary and secondary capital, included La Caisse, Fidelity Investments Canada, PICTON Investments, Endeavor Catalyst, Portage, Diagram, NAventures, National Bank of Canada, Fonds de solidarité FTQ, and Fondaction.
Founded in 2019, nesto says it is profitable and now manages more than $80 billion in mortgages under administration nationwide. The new funding will support faster partner and client onboarding while accelerating development of Nesto Cloud and Maestro AI, its platform for modernizing mortgage operations across Canada’s lending sector today.
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