Fence Secures €1.8 Million in Pre-Seed Funding to Revolutionize Debt Operations

Fence, a Spanish fintech company, recently closed its pre-seed financing round, raising an impressive €1.8 million. The round was led by Semantic.vc, accompanied by VCs Crane Earth and Actyus, as well as several notable business angels including Hardi Maybaum, Mark Ransford, Didier Valet, Luca Ascani, Baptiste Cota, Paula Blázquez, Eduardo Salvo, and Alexandra Piedrahita. In fact, the round was so well-received that it was oversubscribed, resulting in commitments reaching a total of €4 million. This strong investor interest is a testament to the potential of Fence and its innovative debt automation and optimization software.

Fence, founded in 2023 by Juan Montero, Ignacio Rosario, and Gonzalo Bandeira, has positioned itself as a key player in transforming debt management. The company utilizes blockchain smart contracts to streamline capital and asset transfers while ensuring compliance with credit agreement clauses. With its mission to integrate debt into the technological stack of businesses, Fence aims to provide essential automation capabilities in an increasingly digital world.

The fintech’s cutting-edge technological solution is delivered through its Software-as-a-Service (SaaS) platform, specifically designed for automating debt management in asset financing. Leveraging Application Programming Interface (API) integration, Fence provides investors with real-time updates on debt information, enabling better decision-making. This efficient automation also translates to significant cost savings for financed companies, lowering expenses by up to 80% compared to traditional operations.

Commenting on Fence’s impressive impact, Benoit Menardo, co-founder of Payflow, said, “Fence has truly revolutionized debt management, providing real value through blockchain technology. With Fence, we gained on-demand access to debt, resulting in a savings of over 25% in interest. Moreover, the automation of reconciliation has allowed us to meet investor requirements without expanding our team, resulting in cost savings of up to 80%.”

The successful pre-seed financing will enable Fence to further enhance its development and technology, as well as expand its operation to cater to more banks, private debt funds, and fintech companies across Europe. To support its global expansion plans, Fence intends to double its team by the end of the year. With its dedication to transforming debt operations and the strong support from investors, Fence is well-positioned for future success.

Frequently Asked Questions

1. What is Fence?

Fence is a Spanish fintech company that develops software for automating and optimizing debt operations for asset financing.

2. How much funding did Fence secure in its pre-seed financing round?

Fence raised €1.8 million in its pre-seed financing round, which was oversubscribed, resulting in commitments of €4 million.

3. Who led the pre-seed financing round for Fence?

The round was led by Semantic.vc, with participation from VCs Crane Earth and Actyus, as well as various prominent business angels.

4. How does Fence automate debt management?

Fence uses blockchain smart contracts to automate capital and asset transfers, guaranteeing compliance with credit agreement clauses.

5. What benefits does Fence provide to investors and financed companies?

Through its SaaS platform and API integration, Fence enables investors to access real-time debt information, leading to better decision-making. Additionally, financed companies can save up to 80% on costs through automation of operations, payments, and reporting to investors.