Renno provides a digital infrastructure that structures home-renovation projects into verified milestones and holds the full project balance in escrow, releasing funds only when work is validated. This model gives contractors immediate, predictable liquidity and protects homeowners from large upfront deposits, replacing practices such as float, factoring and unprotected pre-payments. The company cites industry pain points in which 95 % of builders self-finance and €280 billion is lost annually to delayed payments, with 92 % of projects running late due to cash-flow constraints. By aligning payments with progress, Renno aims to reduce disputes and delays for the EU’s 3 million construction SMEs. Launched in the Netherlands, the startup plans to expand into Belgium, Germany, France and the UK by 2026. Its long-term vision is to become the financial backbone for Europe’s renovation sector, introducing transparency and automation to a traditionally offline market. Renno’s platform is led by co-founders Mark Slaughter (CEO) and Mourad Chennaoui (CPTO) and is backed by investors experienced in early-stage fintech infrastructure.

Total raised

$1M

Funding rounds

1

Latest round

Seed

Latest activity

Dec 2025