Fence, a blockchain debt automation management platform, completed a €1.8 million Pre-Seed round of financing

On November 21st, Fence, a blockchain debt automation management platform headquartered in Madrid, Spain, announced the completion of a €1.8 million Pre-Seed round of financing. Semantic.vc led the investment, with participation from Crane Earth, Actyus, and a group of angel investors.

Fence uses blockchain smart contracts to automate the transfer of capital and assets on the chain, ensuring that all parties who sign the smart contract comply with specific terms of the credit agreement. The new funds will be used to expand services to more European banks, debt private equity funds, and fintech companies.