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Pine

Pine Hits $1B Milestone, Launches Pine Homes

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Toronto-based fintech Pine has surpassed $1 billion in mortgages under administration and unveiled Pine Homes, a new product suite integrating real estate search, financing, and insurance.

The expansion follows Pine’s 2023 acquisition of Properly and brings the entire homeownership process into one digital experience. Since its 2021 founding by Justin Herlick and Jonathan Shih, Pine has approved over $3 billion in mortgage applications for 55,000+ families. Backed by $50 million in funding, Pine uses AI to shorten purchase times and reduce costs. CEO Herlick said the goal is to simplify real estate for Canadians.

Want to know more? Check out the source code on Fintech.ca.

Wealthsimple Partners with Fintech Startup Pine to Offer Digital Mortgages

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Pine, a Toronto-based fintech startup, is transforming the Canadian mortgage landscape in partnership with Wealthsimple. Founded in 2021 by Justin Herlick and Jonathan Shih, Pine aims to streamline the mortgage process with a digital-first approach that eliminates traditional banking inefficiencies. This collaboration allows Wealthsimple to offer competitive mortgage rates, exclusive rebates, and incentives for consolidating investments.

Wealthsimple, aiming to be a major banking player in Canada, describes Pine as “digital, direct, and regulated,” poised to modernize how Canadians manage mortgages. Clients can expect personalized rates swiftly online, with the added convenience of monthly rebates deposited directly into their Wealthsimple Cash accounts.

Want to know more? Check out the source code on Fintech.ca.