Nesto
Nesto is a financial services company with a platform that screens the mortgage market, offering commission-free expert support.
Secondary Market Price
How Nesto Measures Up
To help you manage your Nesto equity, Prospect has run the company through our machine learning model.
Prospect Rating
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This rating reflects our belief in this company's potential to grow to that many times its current value in 4 years. For an employee with stock, this rating suggests a potential return on equity, but it also comes with some risk.
Exit Risk
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Our rating is a reflection of the likelihood of this company achieving a liquidity event for its employees based on the quality of investors, funding stage, founders, and more.
Funding Stage
Series C
A company’s funding stage reflects how established it is, how quickly it is scaling, and the average impact an employee may have when joining.
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Prospect Projected Future Nesto Prices
Prospect’s machine learning model has been trained on the same data top-tier investors use to project the likely range of outcomes for Nesto's equity. Create a free account to view 10th-90th percentile projections over 2, 4, and 6 years.
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Company Description
Nesto is a Canadian financial services company that provides property financing solutions through a digital platform. The company uses technology to screen the mortgage market and find options for its clients, who are supported by commission-free mortgage experts. It operates primarily in the technology and fintech sectors, with a focus on the Canadian mortgage industry. Nesto was founded in 2018 in Montreal, Quebec, by Malik Yacoubi, Karim Benabdallah, Damien Charbonneau, and Chase Belair. Since its founding, the company has grown to a staff of between 501 and 1,000 employees and has gone through five funding rounds, including a Series C round that raised US$80 million in January 2023.
Looking forward, Nesto plans to continue its focus on technological innovation and growth within the Canadian mortgage sector. The company is actively hiring, which indicates ongoing expansion. In line with its goal of providing market insights, Nesto regularly publishes content and analysis on relevant financial topics. Recent announcements have included discussions on the normalization of mortgage rates, the impact of post-pandemic mortgage renewals, and analyses of the differences between fixed and adjustable-rate mortgages in response to Bank of Canada rate decisions.
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- Michael Paulus
- Michael Rowell
- Co-Founder, Malik Yacoubi
- Co-Founder, Karim Benabdallah
- Co-Founder, Damien Charbonneau
- Co-Founder, Chase Belair
Peer Group Comparison
Vs Peer Group of >$4B Startups
Frequently Asked Questions
Joining Anduril as an employee is another way to acquire equity, typically through stock options included in compensation packages.
Is Nesto worth joining?
Deciding whether to join Nesto depends on your personal career goals and risk tolerance for a pre-IPO company. Tools like Prospect can help you forecast the potential value of your equity to make a more informed financial decision.
What should I do with my Nesto stock?
Managing private stock like Nesto's involves complex tax and financial planning, including when to exercise options or sell shares. Platforms like Prospect offer customized strategies to help you navigate these decisions and optimize your financial outcome.
Can you sell Nesto stock?
Selling stock in a private company like Nesto is often possible through secondary markets or company-approved tender offers, though it is more complex than selling public shares. Resources like equity management platforms provide tools to help you determine the best time and price to sell your shares.
How can I find the value of my Nesto stock?
The value of private stock is typically based on the company's most recent 409A valuation, which is set during funding rounds. For a more dynamic forecast, platforms like Prospect use proprietary models to project the future value of your shares based on various market signals.
What is Nesto's equity worth?
The precise worth of Nesto's equity is not public information and depends on factors like its latest valuation and future performance. You can use predictive modeling tools from platforms like Prospect to forecast a range of potential values for your holdings.
What is Nesto's stock ticker symbol?
As a private, pre-IPO company, Nesto does not have a stock ticker symbol. Ticker symbols are only assigned to companies once they become publicly traded on a stock exchange.
Can I buy or sell Nesto stock?
Selling private Nesto stock is sometimes possible via secondary markets or tender offers, while buying is typically restricted to accredited investors. Platforms like Prospect offer tools and guidance to help shareholders navigate the selling process when opportunities arise.
What is the criteria to buy or invest in Nesto stock?
Investing in a private company like Nesto is typically restricted to accredited investors who meet certain income or net worth thresholds defined by regulators. These investment opportunities are generally not available to the general public until the company pursues an IPO.
