Dutch startup Renno launches with €1 million targeting construction cash-flow issues

Renno, an Amsterdam-based FinTech start-up structure economic framework for Europe’s remodelling market, has actually released with EUR1 million in pre-Seed financing to change the repayment techniques tormenting the EUR850 billion remodelling market.

Started by Mark Massacre and Mourad Chennaoui, the business ahas elevated financing from Elevation, Angel Invest Ventures, SeedX Ventures, TipTop VC, and numerous angels.

“ Float drains pipes specialists. Factoring penalizes them. Down payments leave home owners unsafe. Renno changes every one of this with a shielded, milestone-based repayment circulation that benefits both sides,” claimed Mark Massacre, Chief Executive Officer and Founder of Renno. “ We protect the complete task equilibrium in escrow and launch funds just when turning points are confirmed. It is the repayment design the market need to have had from the beginning“

In 2025, numerous European fintech/payment-infrastructure start-ups safeguarded substantial financing– for instance Delfio raised €1.5 million in pre-Seed financing to release a collective-procurement and payment-automation system for consumer-electronics wholesale purchasers. At The Same Time Payrails closed a €27.7 million Series A round to speed up advancement of its worldwide payment-software pile throughout EMEA. And Qomodo secured €13.5 million in Series A financing to scale its “all-in-one wise repayment” remedy for physical vendors.

In this context, the pre-Seed financing for Renno puts it amongst an accomplice of European start-ups intending to construct fundamental financial-infrastructure devices– though in an extra specialist, vertical-specific sector (remodelling/ building settlements) instead of basic business or wholesale.

Compared to the substantially bigger rounds at later development phases, Renno’s raising is small– yet regular with early-stage framework plays. Especially, while Delfio shares a geographical base (Amsterdam) with Renno, both run in various verticals, which recommends that Renno might scout a fairly distinct setting in the European FinTech landscape.

Releasing today in the Netherlands, Renno is backed by a group with experience in financing and innovation and intends to broaden right into Belgium, Germany, France, and the UK by 2026.

According to the business, building contractors commonly fund whole tasks from individual financial savings or charge card– 95% do so– while waiting weeks or months for settlements. Property owners, on the various other hand, are regularly asked to front big down payments with little defense or clearness on just how job is advancing.

This design has actually supposedly resulted in over EUR280 billion being drained pipes each year from the field in postponed settlements, with almost all tasks– 92%– encountering hold-ups because of capital restrictions.

Renno’s remedy depends upon its electronic system that frameworks remodelling tasks right into plainly specified ranges, with agreements and modification orders recorded and upgraded in real-time.

Task funds are transferred right into an escrow account initially and just launched when job has actually been confirmed, using home owners exposure and safety and security. Professionals, on the other hand, gain split second landmark payments that supply foreseeable liquidity and lower the demand to blow up quotes to minimize danger.

” Remodelling required actual economic framework, not extra spots,” kept in mind Mourad Chennaoui, founder and CPTO. ” Drift and factoring are signs of a busted repayment design. Professionals require foreseeable liquidity and home owners require confirmed shipment. Milestone-based escrow provides both sides what they do not have today. We are straightening cash with development and establishing a brand-new requirement for remodelling settlements“

With 3 million building SMEs running throughout the EU, the start-up’s access indicates a modernisation wave that might have substantial causal sequences throughout the home remodelling market.

Renno’s long-lasting vision is to construct an economic foundation for the field, presenting depend on, openness, and automation to an infamously offline and friction-heavy area. The start-up is especially concentrated on removing payment-induced hold-ups and disagreements, which have actually traditionally pestered specialists and disappointed home owners.

With its launch in the Netherlands and intends to scale right into significant European markets by 2026, Renno is placing itself to be an enabler of Europe’s next-generation remodelling economic climate.

The message Dutch startup Renno launches with €1 million targeting construction cash-flow issues showed up initially on EU-Startups.