Renno is a payment platform for renovation contractors that uses a DNB‑regulated escrow account to secure client‑funded project milestones. Contractors complete work, submit proof, and receive instant payouts once the client approves, eliminating invoicing delays and cash‑flow gaps. The service also centralizes scope definition, milestone scheduling, communication, and file sharing, charging only a 2% fee per completed project.
Funding
Funding not disclosed
Founders
Product
Problem
Renovation projects often suffer from cash‑flow gaps for contractors and payment uncertainty for homeowners because funds are exchanged after work is completed, leading to delayed payouts, invoicing disputes, and stalled work.
Solution
Renno provides a regulated escrow platform tailored to renovation contracts. Clients fund the entire project or defined milestones in advance, securing the money in a DNB‑oversight escrow account. Contractors complete work, submit proof of completion, and once the client approves, the payment is released instantly to the contractor’s account. The platform consolidates scope definition, milestone scheduling, communication, and file sharing in a single interface, eliminating scattered emails and WhatsApp threads. By charging only a 2% fee per completed project and offering no subscription or setup costs, Renno aligns incentives for both parties and ensures predictable cash flow without financial risk.
Target Audience
Renno serves independent contractors, small trade crews, and renovation firms, as well as homeowners and property developers managing residential renovation projects.
Features
- Milestone‑based payment workflow with client‑funded escrow ensuring funds are guaranteed before work begins
- Instant payout to contractors upon client approval, eliminating net‑30/60 delays
- Integrated chat, status updates, and file sharing to keep scope, progress, and documentation centralized
- DNB‑regulated escrow accounts with PSD2 compliance, GDPR adherence, and bank‑grade encryption for secure fund handling
- Dual‑language (English/Dutch) web and mobile interface accessible on any device with auto‑save functionality
- Transparent 2% per‑project fee applied only when payment is released, with no hidden or subscription costs