Fence, a blockchain debt automation management platform, completed a €1.8 million Pre-Seed round of financing, led by Semantic.vc

Odaily News Spanish blockchain debt automation platform Fence announced the completion of a Pre-Seed round of financing of 1.8 million euros. Semantic.vc led the investment, with participation from Crane Earth, Actyus and multiple angel investors. The new financing will be used to continue investing in development and technology and expand the business to serve more banks, private debt funds and fintech companies in Europe. In order to achieve its global expansion plans, Fence will double the size of its Madrid-based team by the end of the year. According to reports, the technology solution designed by Fence implements a SaaS platform designed to automate debt management of asset financing. Thanks to Fence and its integration via API, investors have access to real-time updated debt information, improving decision-making. (EU-Startups)