The Globe And Mail: nesto trying to take on Canada’s mortgage giants

As featured in The Globe and Mail: nesto, a Montreal-based fintech lender, is revolutionizing the Canadian mortgage landscape with its digital-first approach, promising faster approvals, lower rates, and reduced red tape for consumers.

Beyond its direct-to-consumer services, nesto is also offering its “Mortgage Cloud” solution to traditional financial institutions, aiming to streamline their mortgage processes and create greater efficiencies.

“We realized that our technology is really powerful and unique in the Canadian market,” Malik Yacoubi, nesto’s co-founder and chief executive officer says. “We saw an opportunity to diversify and launch a B2B [business-to-business] line of business.”

With a significant portion of Canadian mortgages up for renewal soon, nesto is strategically positioned to reshape how Canadians secure their homes.