NestReady appoints former Mashable exec as co-founder and CTO

frederick townes

Montreal-based NestReady, which uses AI to connect homebuyers with their homes, mortgage lenders, and real estate providers, has appointed Frederick Townes as its co-founder and chief technology officer.

Townes was previously the CTO at media company Mashable. Before that, he served as co-founder, president, and CTO of Placester, a real estate marketing platform in the US. NestReady said Townes will bring his experience working alongside AI experts at Placester to NestReady’s development team.

“NestReady is building a predictive analytics platform that allows mortgage lenders to know when and how to serve their customers in ways they’ve never had before,” said Mauro Repacci, co-founder and CEO at NestReady. “Frederick brings the technical know-how that will take NestReady’s machine learning insights solution to the next level to be able to deliver value to our clients that they won’t find with other FinTech providers.”

NestReady closed a strategic funding round in June to support the development of its AI capabilities, including machine learning tools that allow mortgage lenders to better understand buyers’ needs.

“It’s an exciting time to be part of a FinTech company in Canada,” said Townes. “NestReady is leading the shift in the FinTech industry occurring around mortgage lending and real estate. I am thrilled to be joining the team and contributing to the momentum we’re building in this space.”

Jessica Galang

Jessica Galang

Jessica Galang is BetaKit's News Editor. Follow her on Twitter @jessicagalangg or send her pitches to jessica.galang@betakit.com.