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Local fintech startup HomePay looks to bring greater security to Singapore’s renovation industry

Its mobile app reduces the risk of scams by protecting homeowners through an escrow-payment system

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Jermaine Fok

Published Wed, Apr 8, 2026 · 11:00 AM
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    • Wenny Lim, HomePay co-founder and COO, says the app "protects millions of dollars in renovation payments weekly because renovation contracts are not small in value”.
    • Wenny Lim, HomePay co-founder and COO, says the app "protects millions of dollars in renovation payments weekly because renovation contracts are not small in value”. PHOTO: TAY CHU YI, BT

    [SINGAPORE] The Republic’s home renovation industry is worth billions of dollars and stories of disputes and scams are commonplace.

    One Singapore startup, however, is doing what it can to bring greater accountability and security to help and protect homeowners throughout what is usually a lengthy process.

    Wenny Lim, co-founder and chief operating officer of renovation escrow platform HomePay, noted that renovation “scams and nightmares” have become more common over the last few years.

    Singapore SMEsSMEsEntrepreneursEntrepreneurshipFintechSingapore fintech

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