Fence
Fence is a Spain-based fintech providing a blockchain-enabled SaaS platform that operates as a tech-native facility agency for asset-backed finance, automating verification, calculation, cash management, and analytics for asset originators and capital providers.
- Company typePrivate
- Founded2023
- HeadquartersMadrid, Spain
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What Fence does
Fence (legal name Fence Technology) is a Spain-headquartered, venture-backed fintech founded in 2023 that operates a blockchain-enabled SaaS platform functioning as a tech-native facility agency for asset-backed finance (ABF). The platform unifies four modular services — Verification Agency, Calculation Agency, Cash Management, and Data Analysis & Portfolio Aggregation — which can be deployed individually or as a full stack. Underlying technology combines smart contracts, direct API integrations with originator backends and third-party sources (bank APIs, Visa, Stripe, DocuSign, public registries), and e-money token (EMT) settlement via an Electronic Money Institution partnership with Monerium; the architecture enables deterministic (rather than sample-based) verification of 100% of facility assets, real-time borrowing-base and waterfall calculation, intraday cash recycling, and AI-powered portfolio simulations and natural-language analytics.
The company serves two sides of ABF facilities: asset originators (MCA originators, BNPL platforms, card-receivables and working-capital lenders, equipment finance, daily-originated loan platforms) and capital providers (private credit funds, warehouse facilities, structured-credit desks, banks). Named institutional customers include BBVA, BlackRock, and Fortress, with public case studies covering BBVA x Payflow and BBVA x MyTripleA; the platform administers approximately $1.4–1.5B in assets under production. Revenue is generated via quote-based enterprise SaaS subscriptions, facility-level mandated agent fees, and implementation/integration services, sold through a sales-led direct enterprise motion supported by an inbound content-marketing funnel (long-form guides, case studies, a self-service cost-of-debt calculator). Capital structure includes a €1.8M pre-seed (November 2023, led by Semantic.vc) and a $20M Series A (April 2026, led by Galaxy Ventures with ParaFi Capital and Crane Ventures Partners), with proceeds funding U.S. expansion via a growing New York team, continued engineering and product hiring, and broader AI-driven automation.
Fence firmographics
Firmographics- Name
- Fence
- Legal name
- Fence Technology
- Website
- https://fence.finance
- Company type
- Private
- Founded year
- 2023
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Fence is a Spain-based fintech providing a blockchain-enabled SaaS platform that operates as a tech-native facility agency for asset-backed finance, automating verification, calculation, cash management, and analytics for asset originators and capital providers.
- Ownership category
- akta.pro rank
Fence industry classification
Industry- Product category
- Asset-Backed Finance Software
- akta.pro primary industry
- Smart Contract & Token Operations Infrastructure (Lifecycle, Corporate Actions) (FSAGAMAH)
- akta.pro secondary industries
- Regulatory Reporting, Tax & Audit Trails (reconciliation, provenance) (FSAPAJAI), Tokenized Collateral & On-Chain Credit Infrastructure (Collateral Mgmt, Liquidations) (FSAGAMAK)
Keywords
Where Fence is headquartered
LocationHeadquarters
- HQ city
- Madrid
- HQ country
- Spain
- HQ region
- Europe
Offices2 records
Markets served
Fence business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Infrastructure, Marketing or Sales, Operations
Revenue model
- SaaS Platform Subscription: Fence operates a software-as-a-service (SaaS) platform delivered via its website (fence.finance) and applications. Revenue is generated through SaaS licensing of its verification, calculation, cash management, and data analysis modules for asset-backed finance facilities. Customers can deploy individual modules or the full stack.
- Facility-Level Mandated Agent Fees: Fence is mandated at the facility level and engaged per SPV, functioning as Verification Agent, Calculation Agent, Collateral Agent, and/or Paying Agent. Pricing is positioned as materially lower than traditional trust and agency fees (8–15 bps) but specific pricing is quote-based and not publicly disclosed.
- Implementation & Integration Services: Includes API integration with originator backends, payment service providers, and third-party databases; configuration of facility rules; and onboarding (described as taking weeks, not months).
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Quote-based enterprise pricing — no public price list |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels7 records
Fence product offering
Product offeringCore offering
Fence provides a blockchain-enabled SaaS platform that operates as a tech-native facility agency for asset-backed finance. It unifies four modular services — Verification Agency, Calculation Agency, Cash Management, and Data Analysis & Portfolio Aggregation — to continuously verify assets, calculate borrowing bases and covenants, orchestrate cash waterfalls, and run portfolio analytics for both asset originators and capital providers. The platform is mandated at the facility level per SPV and integrates directly with originator backends, payment providers, bank APIs, and registries (e.g., Visa, Stripe, DocuSign, Monerium EMTs).
Product overview
Fence is a single, blockchain-enabled SaaS platform — described as the 'Operating Layer' or 'Tech-Native Facility Agency' for asset-backed finance — composed of four modular agency services (Verification Agency, Calculation Agency, Cash Management, and Data Analysis & Portfolio Aggregation) that can be deployed individually or as a full stack. The same data layer feeds the dedicated Originator Solution (API ingestion, eligibility, borrowing base, same-day drawdowns) and the Lender Dashboard / Capital Provider Platform (covenant tracking, returns, AI-powered natural-language analytics, portfolio aggregation), so lenders and originators operate against one continuous, real-time source of truth instead of fragmented spreadsheets, PDFs, and emails.
Differentiator
Problem solved
Functional benefit
Products and services
- Verification Agency Continuously verifies 100% of facility assets against independent third-party sources (bank APIs, payment providers, registries, DocuSign, document ingestion), detecting double-pledging and confirming collections and disbursements in real time before every funding event. For asset originators and capital providers running asset-backed finance facilities.
- Calculation Agency Automates asset eligibility, borrowing base, covenant, waterfall, and reporting calculations on live facility data, replacing month-end snapshots and manual PDFs with on-demand certificates and early-warning breach alerts. For asset-backed finance facilities.
- Cash Management Orchestrates real-time drawdowns, intraday collections sweeps, automated waterfall execution, cash recycling, MCA routing, and treasury management across facility SPVs; Fence never holds funds, maintaining asset-light neutrality. For asset-backed finance SPVs.
- Data Analysis and Portfolio Aggregation Provides simulations, projections, AI-powered natural-language analysis, and unified portfolio views across SPVs, facilities, and asset classes to support decision-making rather than static reporting. For capital providers and originators managing asset-backed finance portfolios.
- Lender Dashboard / Capital Provider Platform Per-facility and aggregated portfolio monitoring layer for lenders — real-time covenant tracking, returns, performance, compliance packages, natural-language AI queries, and exposure drill-downs across deals and books. For institutional capital providers running asset-backed facilities.
- Originator Solution API-driven ingestion and end-to-end automation for asset originators covering eligibility checks, borrowing base, same-day drawdowns, automated reconciliation, reporting, and pre-funding solutions that eliminate balance-sheet warehousing. For fintechs and specialty lenders.
- Fence Operating Layer for Asset-Backed Finance Unified, real-time platform positioning announced April 2026 alongside the Series A: a single, continuous agency layer combining verification, calculation, cash management, and analytics for asset-backed finance. The platform also includes AI-driven automation features funded by the Series A. For asset originators and capital providers running institutional asset-backed facilities.
- AI-Powered Self-Service Analysis (natural-language portfolio queries) AI-powered natural-language portfolio queries within the Lender Dashboard and Capital Provider Platform enabling self-service analysis of covenants, exposure, performance, and returns across facilities. For institutional capital providers.
Quantifiable outcome
- Up to 40% reduction in cost of capital for clients
- +9 more outcomes
Companies that use Fence
Customer profileNamed customers5 records
Segments3 records
Ideal customer profiles3 records
Fence technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
AI capability7 records
Feature8 records
Fence partnerships and signals
Strategic signalScale indicators10 records
Recent moves7 records
Expansion highlights6 records
Fence competitors and assessment
Company assessmentDirect peers
- Versana: Versana is a loan data and analytics platform for institutional credit markets, providing real-time visibility into syndicated and private credit facilities. It is directly comparable to Fence as both target the operational transparency and data infrastructure gap in asset-backed and broadly syndicated lending, though Versana focuses more on data aggregation and Fence on end-to-end facility operations including verification and cash management.
- Figure Technologies: Figure Technologies is a blockchain-enabled lending and capital markets platform operating across HELOC, private credit, and asset-backed products using its Provenance blockchain. Directly comparable to Fence through shared use of blockchain/smart-contract architecture for lending operations, though Figure is far larger and originates balance-sheet loans rather than serving as third-party facility agency infrastructure.
- Cadence: Cadence provides loan operations and servicing software for lenders and private credit funds, automating workflows across the loan lifecycle. Comparable to Fence as both sell operational infrastructure to lenders and asset originators in private credit markets, though Cadence is more focused on traditional loan servicing rather than ABF-specific verification and cash management.
- LoanPro: LoanPro is a modern loan servicing and origination platform serving fintech lenders, banks, and credit unions with API-first infrastructure. Comparable to Fence through its API-driven approach to lender operations and API integrations for portfolio management, though LoanPro is positioned more as a core servicing system rather than an ABF-specific facility agency.
Emerging players
- Maple Finance: Maple Finance is a decentralized institutional credit marketplace built on blockchain for underwriting and servicing loans to crypto-native institutions. Comparable to Fence through blockchain-based credit infrastructure and smart-contract lending operations, though Maple operates more as a marketplace/protocol rather than a third-party facility agency serving traditional banks and asset managers.
- Liquidelo (formerly Prometheum): Liquidelo is an asset-backed finance platform providing technology and structuring support for private credit and securitization workflows. Comparable to Fence as an emerging tech-enabled ABF infrastructure provider targeting similar asset originators and capital providers, though smaller and earlier stage.
- 9fin: 9fin is a data and analytics platform for leveraged finance and private credit professionals, providing intelligence on debt instruments, issuers, and portfolios. Comparable to Fence through its focus on private credit data infrastructure for institutional counterparties, though 9fin is primarily an analytics/intelligence layer rather than an operational facility agency.
Broad incumbents
- nCino: nCino is a publicly traded cloud banking platform serving global financial institutions with lending, onboarding, and account opening workflows. Comparable to Fence as a SaaS provider to banks and lenders, though nCino is a broader incumbent across commercial and retail lending rather than specializing in ABF facility operations.
- Finastra: Finastra is a large financial software vendor providing core banking, lending, capital markets, and treasury solutions to global banks. Comparable to Fence through lending infrastructure serving institutional counterparties, though Finastra is a broad incumbent serving many use cases rather than an ABF-specialized facility agency.
- SS&C Technologies: SS&C Technologies is a large financial services software and services provider, including loan servicing, fund administration, and capital markets technology acquired through DST Systems and other deals. Comparable to Fence as enterprise infrastructure for asset-backed and private credit operations, though SS&C is a broad incumbent across many financial workflows.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Fence social profiles
Digital presenceFence compliance and trust
Trust signalCompliance4 records
Fence financial estimates
Financial estimateRevenue estimate
Valuation estimate
Fence leadership team
Management profileNumber of profiles
Profiles1 record
Fence funding detail
Funding detailFunding overview
Funding rounds3 records
Investors7 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Fence M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Fence
What does Fence do?
Fence provides a blockchain-enabled SaaS platform that operates as a tech-native facility agency for asset-backed finance. It unifies four modular services — Verification Agency, Calculation Agency, Cash Management, and Data Analysis & Portfolio Aggregation — to continuously verify assets, calculate borrowing bases and covenants, orchestrate cash waterfalls, and run portfolio analytics for both asset originators and capital providers. The platform is mandated at the facility level per SPV and integrates directly with originator backends, payment providers, bank APIs, and registries (e.g., Visa, Stripe, DocuSign, Monerium EMTs).
Is Fence a public or private company?
Fence is a private company. It is classified as venture growth investor backed and is currently operating.
When was Fence founded?
Fence was founded in 2023. It employs 1 to 10 people.
Where is Fence based?
Fence is headquartered in Madrid, Spain, in the Europe region.
How does Fence make money?
Three revenue lines are on record. SaaS Platform Subscription is the primary driver. The others are facility-Level Mandated Agent Fees and implementation & Integration Services.
Who are Fence's main competitors?
Direct peers on record are Versana, Figure Technologies, Cadence and LoanPro. Emerging players are Maple Finance, Liquidelo (formerly Prometheum) and 9fin. Broad incumbents are nCino, Finastra and SS&C Technologies.
Does Fence have an API?
Yes. Fence exposes an API that originators and servicers use to send asset, performance, and payment data to the platform in real time or via scheduled batch feeds. The API is used to ingest loan tapes, servicing events, and collection data directly from the source, and the platform also exposes outputs (structured data exports via API, CSV, or Excel) for borrowing base certificates, compliance reports, and investor updates. No public documentation portal, SDK, or sandbox details were disclosed in the provided sources.
What industry is Fence in?
Fence's product category is Asset-Backed Finance Software. Its primary akta.pro industry code is FSAGAMAH, Smart Contract & Token Operations Infrastructure (Lifecycle, Corporate Actions), with a secondary code of FSAPAJAI, Regulatory Reporting, Tax & Audit Trails (reconciliation, provenance).