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Fence is an operating layer for asset-backed finance, providing facility agents with asset verification, borrowing base calculation, covenant tracking, and automated cash and collateral management. It connects originators, payment providers, and third-party databases via API for real-time data synchronization, replacing manual workflows. The platform supports multiple asset classes and offers modular services such as verification, calculation, and reporting, aiming to reduce operational costs and improve capital efficiency.
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About Fence
Fence is a SaaS platform that automates the back-office operations of debt financing, such as asset-backed finance facilities. Its core business is replacing the manual work of traditional trust and agency service providers—like verifying assets, enforcing credit agreements, and moving cash flows—with software that runs these processes in real time.
The main pain point it addresses is that many structured credit deals still rely on spreadsheets, PDFs, and email chains. This makes operations slow, error-prone, and hard to audit. Fence solves this by connecting directly to lenders' systems, continuously checking collateral against loan agreements, and automatically triggering payments when conditions are met. This reduces operational overhead and gives investors real-time visibility into what is happening with their assets.
In the past six months, Fence has focused on expanding its presence in the U.S. market and deepening its product capabilities. It has been onboarding new facilities across asset classes like invoice financing, consumer loans, and auto loans, while also integrating AI-driven automation to handle more complex transaction rules. The platform now processes a high volume of transactions per month, with most of its growth coming from replacing legacy manual processes at established financial institutions.
Fence, an automated debt financing SaaS platform, has reached several milestones with long-term significance.
First, in April 2026, Fence completed a $20 million funding round led by Galaxy Ventures, with participation from ParaFi Capital and Crane Ventures Partners. This oversubscribed round underscores institutional confidence in its mission to replace legacy trust and agency infrastructure.
Second, Fence has grown to $1.5 billion in assets under administration across live facilities, backed by major institutions including BlackRock, Fortress, i80 Group, and BBVA. This validates its software-driven approach to verification, calculation, collateral, and paying agency functions.
Third, in a production facility with BBVA, Fence enabled near-instant drawdowns multiple times daily—replacing weekly or monthly funding cycles—while monitoring hundreds of thousands of transactions monthly in real time. This demonstrates tangible efficiency gains: up to 40% lower cost of capital and 80% lower operational overhead.
Finally, Fence's strategic positioning is notable: it uses blockchain and smart contracts as back-end plumbing, not as a front-end pitch, aiming to become the foundational infrastructure layer for a new generation of programmable, automated debt capital markets.
Over the past six months, Fence has focused on scaling its platform for asset-backed finance, with notable progress in production deployments and institutional adoption. The company reported growth in assets under administration, now exceeding $1.5 billion, and expanded its client base among major financial institutions, including BlackRock and Fortress. In April 2026, Fence raised $20 million in a Series A round led by Galaxy Ventures, with participation from ParaFi Capital and Crane Ventures Partners. The funding is being used to accelerate U.S. market expansion, grow the engineering team, and deepen product capabilities, including AI-driven automation. CEO Juan Montero relocated to New York to lead this growth. Looking ahead, Fence's roadmap emphasizes building internet-native infrastructure for debt capital markets, with a focus on real-time asset verification, automated cash flows, and covenant monitoring. The company aims to replace legacy trust and agency service providers by supporting warehouse facilities, securitizations, and forward flow agreements across asset classes such as invoice financing, BNPL, consumer loans, auto loans, mortgages, credit-card receivables, and Earned Wage Access. Fence also plans to integrate stablecoin rails and smart contracts to reduce settlement friction, positioning itself for the transition to onchain credit markets.
Fence is a Madrid-based SaaS platform for debt facility operations, founded in 2023. Leadership includes: Juan Montero (CEO & Co-founder) — former McKinsey consultant and Strategy& associate, with experience in product, smart contracts and DeFi; Ignacio Rosario Carrera (Co-founder) — ex-McKinsey engagement manager and Ferrovial data/IoT analyst, previously VP Business Development at Siroexmon Labs; Gonzalo Bandeira (CTO) — per Craft.co; John Slade (VP) — listed as Vice President at Fence. Sources: , , , .