Fence

fence.finance ↗ ·Madrid ·Series A

Fence is a Madrid-based fintech building tech-native infrastructure for the asset-backed and structured credit market, offering verification agency, calculation agency, cash management, and data aggregation to automate debt facility operations. Clients include BBVA, BlackRock, Fortress, and Payflow, with the platform overseeing roughly $1.5 billion in assets. Raised a $20M Series A in April 2026 led by Galaxy Ventures, following a 2023 pre-seed round.

Founded
2023
Founders
3
Total funds raised
€20.2M
Rounds
2
Investors
10
Last round
Apr 2026
SectorsFintech, Asset-Backed Finance, Capital Markets Infrastructure, Blockchain Start-up MapFintech › Bank & lender infrastructure

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Founders

Gonzalo Bandeira
Co-Founder
Ignacio Rosario
Co-Founder
Juan Montero
Co-Founder & CEO

Global models 4

Setpoint
United States · www.setpoint.io ↗
Software and services that automate asset-backed credit facility operations (borrowing-base calculation, eligibility checks, reporting) for lenders and borrowers.
~$50MComparable
Cardo AI
Data and analytics infrastructure for private and structured credit that automates loan-tape processing, facility monitoring and reporting for asset managers and banks.
~$30MComparable
dv01
United States · www.dv01.co ↗
Data aggregation and loan-level reporting platform for structured finance and asset-backed securities investors (now owned by Fitch).
~$25MComparable
Finley
United States · www.finleycms.com ↗
Debt capital management software that automates borrowing bases, covenant compliance and reporting on asset-backed credit facilities for lenders and borrowers.
~$22MComparable

In the same niche 16 others

See all in the Start-ups Map →

Notes: Most funded first

Investors 10

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Actyus
actyus.com
Pre-seed 2023 Spain
Crane Venture Partners
www.cranevp.com
Series A 2026 United Kingdom
Galaxy Ventures
Led Series A 2026 United States
Semantic.vc
Led Pre-seed 2023 United Kingdom
Crane Earth
Pre-seed 2023 United Kingdom
Parafi Capital
Series A 2026 United States
Altari Ventures
Investor United States
MassMutual Ventures
Investor United States
Investor Spain
Semantic Ventures
Investor United Kingdom

Funding rounds 2

DateRoundAmountLead

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