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Knowlton Thomas

Nesto Celebrates Five Years Reshaping Property Financing Topography in Canada

May 26, 2023 by Knowlton Thomas Leave a Comment

Nesto, a Canadian digital mortgage lender, reflected this week on a transformative journey that has reshaped the country’s property financing topography. 

Five years in, the Montreal fintech feels this milestone is a testament to the company’s steadfast commitment to innovation and growth.

Nesto today boasts billions in annual mortgage volume. Dating back to 2018, the startup asserts its success trajectory has solidified a status as the prime digital mortgage platform in Canada.

“We are immensely proud of what nesto has accomplished in the last five years, becoming the fastest company in Canadian history to reach the stage of extended lender offering end-to-end mortgage experience,” stated CEO Malik Yacoubi.

The company’s proprietary, end-to-end mortgage technology platform encapsulates acquisition, digital mortgage application, document storage, advisor and underwriting portals, servicing, and more.

Since 2022, nesto’s technology has been integrated into existing financial institutions via the nesto Mortgage Cloud. This turnkey solution enhances partner mortgage operations and replicates the distinctive nesto experience, according to the company.

IG Wealth Management was the inaugural financial institution to utilize the nesto Mortgage Cloud technology.

“Our mission has always been to simplify and empower property financing, and we have remained steadfast in delivering on that promise,” Yacoubi said. “From our humble beginnings as a broker to becoming Canada’s leading digital mortgage lender, our growth and success is a testament to the tireless efforts of our team, the support of our valued partners, and customers’ trust since day one.”

Nesto, with a 310-strong workforce across Canada, has raised successfully mobilized $165 million across three funding rounds, with participation from prominent venture capital firms and financial institutions, including Diagram Ventures, Portage, NAventures (National Bank of Canada’s corporate venture capital arm), BMO Capital Partners, IGM Financial, and Mike Paulus and Mike Rowell.

Filed Under: Featured, News Tagged With: Nesto

Unicorn Trading Platform Hiive Cracks Open Pre-IPO Market in Canada

May 24, 2023 by Knowlton Thomas Leave a Comment

Hiive operates an online marketplace for private company stocks—essentially, a meeting place for buyers and sellers of shares in privately held companies, typically those backed by venture capital. [Read more…] about Unicorn Trading Platform Hiive Cracks Open Pre-IPO Market in Canada

Filed Under: News Tagged With: Hiive

Rebounding Thinkific Leans on Fintech to Fuel Growth

May 23, 2023 by Knowlton Thomas Leave a Comment

In 2021, course creation platform Thinkific launched an embedded Payments feature.

Thinkific also went public in 2021 on the Toronto Stock Exchange under the ticker symbol “THNC” with shares rising as high as $19.47, giving the Vancouver tech firm a peak market capitalization of over $2 billion. [Read more…] about Rebounding Thinkific Leans on Fintech to Fuel Growth

Filed Under: News Tagged With: Thinkific

Wealthsimple Enhances Cash Features Amid Stagnant Stock Market

May 17, 2023 by Knowlton Thomas Leave a Comment

Stocks are stagnant, many still down from their 2022 highs. Cryptocurrencies have been down and up—but more down than up.

Consequently trading platforms are looking for other ways to add and engage customers. [Read more…] about Wealthsimple Enhances Cash Features Amid Stagnant Stock Market

Filed Under: News Tagged With: Wealthsimple

Five Freshly Funded Fintechs Innovating in Canada

May 17, 2023 by Knowlton Thomas Leave a Comment

Recent global turbulence has triggered an uncertain market, and some businesses have suffered as a result.

In extreme cases, Canadian startups such as Victoria fintech Billi Labs can simply run out of money and shut down. Others lay off significant portions of staff, battering morale.

But despite the darkness, many Canadian fintechs are able to find some light. [Read more…] about Five Freshly Funded Fintechs Innovating in Canada

Filed Under: News Tagged With: Blockstream, Goose, Koïos Intelligence, PolicyMe, Yield Exchange

How Canadian Fintech Can Compete in a Global Market

May 15, 2023 by Knowlton Thomas Leave a Comment

Even as the Canadian government tinkers with a crypto-dollar, studies show that Canadian financial institutions and consumers are slow to adopt the latest financial technology innovations. [Read more…] about How Canadian Fintech Can Compete in a Global Market

Filed Under: News Tagged With: Canadian Blockchain Consortium

Montreal’s Koïos Intelligence Raises Funding to Expand Reach, Advance Fintech

May 15, 2023 by Knowlton Thomas Leave a Comment

A Quebec-based startup that provides insurance professionals with a conversational assistant powered by artificial intelligence announced this month the closing of an early-stage financing round. [Read more…] about Montreal’s Koïos Intelligence Raises Funding to Expand Reach, Advance Fintech

Filed Under: News Tagged With: Canada Economic Development, Export Development Canada, Koïos Intelligence, Propulia Capital

How Arii Brings Digital Tech to Physical Commerce

May 11, 2023 by Knowlton Thomas 1 Comment

Many Canadians remain in preference of in-store shopping experiences, data shows.

Innovators are tinkering with all manner of solution to a problem: the digital shopping experience has not realized its full potential. While ecommerce is popular and growing, the lacklustre process of much of online shopping remains a sizeable void. [Read more…] about How Arii Brings Digital Tech to Physical Commerce

Filed Under: News Tagged With: Arii

Bank of Canada Seeking Input on Digital Dollar

May 9, 2023 by Knowlton Thomas Leave a Comment

It seems that the Government is going green with envy over Bitcoin.

As Bitcoin and cryptocurrencies gain popularity in Canada and beyond, the Bank of Canada has announced a public consultation on a digital Canadian dollar. [Read more…] about Bank of Canada Seeking Input on Digital Dollar

Filed Under: News Tagged With: Bank of Canada

Shopify Announces Major Layoffs in Return to Singular Focus on ‘Main Quest’

May 4, 2023 by Knowlton Thomas Leave a Comment

Last year, after laying off 1,000 employees, Shopify introduced a “flexible compensation” policy for employees and deleted meetings, among other changes. [Read more…] about Shopify Announces Major Layoffs in Return to Singular Focus on ‘Main Quest’

Filed Under: News Tagged With: Shopify

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