Jacob Bloodworth
Co-Founder
LinkedInOur purpose
Proud work. Paid properly.
A tradesperson who does great work should get paid in full and on time. A homeowner who pays for work should get what they paid for.
When both sides are confident about the money, jobs run more smoothly. We handle the money so both sides can focus on the work.
What we do
Work signed off. Money paid out.
Renofy gives homeowners the confidence to pay, and tradespeople the certainty of getting paid.
A digital agreement sets out the work and the milestones. Funds are held in escrow by an FCA-authorised partner and released as each milestone is approved.
Our story
We built Renofy because we needed it.
It started with our own renovations. Luke paid a builder for a bathroom, and shortly after, the work started falling apart. The moment he questioned it, the builder was gone with the money.
Jacob had a roofer fit new dry verges. Something felt off but he trusted the experts. Next morning the panels were in the garden, and ten visits later the roof still wasn't fixed.
And it cuts both ways. One friend told us about standing on a porch she'd just built, begging the owner for what she was owed. A family member who subcontracts told us the final payment, the profitable one, is the likeliest to go unpaid. For a small firm, that can be the end.
The more people we spoke to, the worse it got. Homeowners out of pocket, tradespeople chasing thousands, a whole market running on trust with nothing behind it. So we built Renofy: clear agreements, and escrow that holds the money until the work is done.
700+
per week
Complaints to Citizens Advice.
81%
£6,210 avg.
Tradespeople chasing unpaid invoices.
£3bn
per year
Lost to rogue traders every year.
Sources: Citizens Advice, Opinium Research
"There's nothing quite like begging a customer for the money you're owed, while stood on the porch you just built for them."
