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

ChainCatcher news, the blockchain debt automation management platform Fence headquartered in Madrid, Spain, 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 simplify the operations of capital providers and asset originators by minimizing the demand 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.