RenoFi
AI-powered renovation financing platform
About
Founded in 2020, RenoFi offers an AI-enabled renovation financing platform that helps homeowners and lenders fund home improvement projects. The platform uses AI to streamline loan originations and improve credit decisions, targeting significant growth in renovation-specific financing. With a business model centered on partnering with loan officers and leveraging data-driven insights to expand home improvement financing, RenoFi aims to simplify and accelerate renovation funding for homeowners. The company closed a $22M Series B round in 2026, bringing total funding to $65M, with participation from Fifth Wall and Progressive Insurance, underscoring demand for renovation-focused finance solutions.
Products
-
Renovation HELOC
— HELOC allowing homeowners to borrow up to 90% of their home's after-renovation value with fixed and variable rate options.
Customer sectors: homeowners, contractors, loan officers
-
RenoFi Loan
— Loan based on a home’s after-renovation value, increasing borrowing power for renovation projects with variable or fixed rates.
Customer sectors: homeowners, loan officers, credit unions
-
Fixed Rate Home Equity Loan
— Fixed-rate home equity loan allowing borrowing up to 90% of a home’s after-renovation value for renovation financing.
Customer sectors: homeowners, loan officers
-
Renovation Personal Loan
— Fixed-rate personal loans up to $75k based on credit and income, with repayment terms up to 20 years.
Customer sectors: homeowners, personal borrowers
Market research & competitive positioning
Source-backed TAM / SAM / SOM sizing, displacement analysis, and an interactive peer positioning map for RenoFi — available to members.
