[Funding alert] Fence Raises €1.8 Million in its Pre-Seed Round to Automate Debt Operations

The operation has been led by Semantic.vc with the participation of VCs Crane Earth, Actyus and prominent business angels, including Hardi Maybaum, Mark Ransford, Didier Valet, Luca Ascani, Baptiste Cota, Paula Blázquez, Eduardo Salvo and Alexandra Piedrahita, in addition to the founders of Cobee, Wallapop and Glovo, among others.

Following this funding round, Fence will continue to invest in development and technology, as well as expanding its operations to serve more banks, private debt funds and fintechs across Europe. To meet its ambitious global expansion plans, Fence will double its team – based in Madrid – before the end of the year.

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Fence was born and positioned as a unique player to transform debt management and in just a few months it was the platform chosen to carry out the recent financing agreement of up to 20 million euros between BBVA Spark and Payflow.

Juan Montero, CEO of Fence said, “At Fence we use blockchain smart contracts to automate capital and asset transfers, These smart contracts also guarantee compliance with specific clauses of credit agreements, such as the concentration limits of the financed portfolio. Our mission is to make it possible for companies to integrate debt into their technological stack, allowing them to automate its management, something essential in an increasingly digitalized world.”

Benoit Menardo, co-founder of Payflow said, “Fence’s impact on debt management is impressive, and I can say that it is the first time I have seen blockchain providing real value, Thanks to Fence, we can access debt on demand, allowing us to save more than 25% in interest. In addition, the automation of reconciliation allows us to comply with the information and payment schedule requirements for investors without expanding the team, which “It means savings of up to 80% in operating costs.”

Adría Peribañez from AndBank, comments “Fence makes it possible to digitize debt markets, offering debt investors greater control, real-time reporting and programmable debt, something that, today, does not exist.” Adría continues “Since its birth in January 2023, Fence has proven to be solving real problems with innovative technology, being chosen in relevant operations such as the financing of BBVA Spark to Payflow.”

Fence has designed an innovative and efficient technological solution that materializes in a SaaS platform designed to automate debt management for asset financing. Thanks to Fence and its integration via API (Application Programming Interface).

Investors can access information on debt updated in real time, which improves decision-making. In addition, financed companies save up to 80% of the usual costs in this type of operations, thanks to the automation of operations, payments and reporting to investors.

About Fence

Founded in 2023 by Juan Montero, Ignacio Rosario and Gonzalo Bandeira, Fence is a SaaS platform for optimizing debt operations that helps banks and other debt investors manage their investments, allowing them to focus on decision-making and high-value tasks. added. Fence is on a mission to create the next generation of global debt markets, starting with a platform that offers transparency, efficiency and rapid access to capital. Fence operates throughout the European Union and is backed by a strong investor base. For more information

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