Maple Financial has announced a new strategic equity investment from Nesto Group, made through its subsidiary CMLS, marking a deeper collaboration between some of Canada’s fastest-growing names in mortgage lending.
The move links Maple’s alternative residential lending expertise with Nesto’s digital infrastructure and CMLS’s broad funding and advisory capabilities. Together, the companies say they aim to accelerate product development, expand broker distribution, and enhance the overall lending experience for Canadian borrowers.
“Canadians are increasingly turning to the broker channel to access a wider range of lenders, competitive rates, and personalized guidance,” said Andrew Gilmour, senior vice-president, residential at CMLS. “CMLS is committed to supporting Canadians through their homeownership journeys with top-of-the-line products and providing brokers with optionality—whether it’s through our CMLS-branded AVEO solution or Maple’s mortgage product.”
Daniel Webster, president of Maple Financial, said the partnership unites “two of Canada’s most innovative mortgage organizations,” adding that Maple will draw on Nesto’s digital platform and CMLS’s lending and asset-management expertise to expand its product shelf, improve speed to market, and “deliver more choice and transparency to brokers, borrowers, and institutional partners.”
Strengthening a growing mortgage ecosystem
The partnership builds on a period of rapid expansion for Nesto Group. Since acquiring CMLS Group in 2024, the Montreal-based fintech has evolved into one of the country’s largest integrated mortgage platforms, with more than $70 billion in mortgages under administration across Nesto, CMLS and Nesto Cloud.
In June, Nesto Group extended its commercial lending operations in Quebec, adding new offices in Quebec City and Montreal to strengthen its national footprint. CMLS, meanwhile, has continued to broaden its product lineup and deepen its broker relationships through initiatives like the AVEO residential product suite.
For Maple, which has built a reputation for its Broker Relationship Management (BRM) underwriting model and high-touch service, the investment offers both capital backing and access to advanced technology and servicing capabilities.
The company says the collaboration will help drive innovation in the alternative lending space while maintaining its personalized approach to broker partnerships.
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Last modified: October 18, 2025
