About RenoFi
RenoFi (Renovation Finance LLC) is a fintech company that operates an AI-enabled online marketplace for home renovation financing, connecting homeowners with partner lenders for HELOC and home equity loan products. Its core innovation uses a home's After-Renovation Value (ARV) rather than its current value to unlock greater borrowing power without requiring mortgage refinancing. RenoFi is not itself a lender but partners with credit unions and lenders nationwide to serve homeowners across 48 states.
Company details
Funding
Total raised
$20.4M
Last stage
Series A
Investors
Founders
Robert Shedd
Co-founder of RenoFi, a Penn State University alumnus.
Lee Miller
Co-founder of RenoFi, a Penn State University alumnus.
Justin Goldman
Penn State University alumnus who founded RenoFi in January 2018 after seeking financing for his own home renovation in 2017 and realizing the need for loans based on after-renovation value.
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