About RenoFi

RenoFi, the AI-enabled renovation financing platform, today announced $22 million in Series B funding led by Fifth Wall with participation from Progressive Insurance. The round brings total capital raised to $65 million and will accelerate the company's retail expansion, credit union partnerships, and AI-powered renovation underwriting engine. RenoFi has facilitated over 8,000 renovation loans and $1.5B in funded loans, and is the only lender offering home equity products based on after-renovation value.

RenoFi, the renovation enablement platform company, today announced $14 million in Series A funding. The round serves as a strong endorsement of RenoFi's vision to empower lenders to offer best-in-class financing solutions that better meet the needs of today's homeowners. Canaan led the round with new participation from NYCA Partners and CMFG Ventures. The company will use the funds to scale its business operations and product roadmap, including its first-of-its-kind renovation enablement platform for lenders.

RenoFi works primarily with credit unions to connect homeowners to the best financing options for home remodels. If you haven't used a credit union previously, here's a quick overview on why they can be such a great financial partner for funding your home improvement project, and how they work.

How we discovered the perfect board game for remote team-building at RenoFi during the pandemic, and how you can use this new, out-of-the-box online activity for under $30/employee.

RenoFi is excited to announce its partnership launch with several new, innovative credit unions across the United States. RenoFi is adding an additional eight credit union partners that are currently offering its next-generation renovation loans. These partners are leveraging RenoFi’s platform to revolutionize the renovation financing experience for their members and beyond.