TechFlow news: Fence, a blockchain-based debt automation management platform headquartered in Madrid, Spain, has announced the completion of a €1.8 million Pre-Seed funding round led by Semantic.vc, with participation from Crane Earth, Actyus, and a group of angel investors.
Fence is a SaaS platform designed to streamline operations for capital providers and asset originators by minimizing the need for low-value-added tasks. It leverages the power of blockchain technology by using smart contracts on the backend. These smart contracts automate the flow of capital and assets while ensuring the execution of specific terms in credit agreements, such as concentration limits or performance triggers.
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