Madrid-based Fence raises €1.8 million to automate debt operations with blockchain management platform

Nov 21, 2023

Fence, a Spanish fintech that develops software for the automation and optimization of debt operations for asset financing, raises €1.8 million in its pre-seed financing round. The operation has been led by 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. 

This round has been oversubscribed reaching 4 million commitments. This high level of investor interest is a positive sign for Fence and its prospects. With the fresh capital, Fence will continue to invest in development and technology, as well as expand 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.

Founded in 2023 by Juan Montero, Ignacio Rosario and Gonzalo Bandeira, Fence positioned itself 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 between BBVA Spark and Payflow.

This article is for informational purposes only. It is not offered or intended to be used as investment or other advice.

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