Fence Secures $20M in Funding to Modernize Asset-Backed Finance Infrastructure
Asset backed finance has been running on muscle memory for years. Spreadsheets passed like secrets, wires moving on banker time, and entire deals held together by process instead of precision. It works… until it doesn’t, and when it breaks, it’s never quiet and never cheap.
Fence just showed up with a $20M reminder that infrastructure isn’t sexy… until it is. The New York positioned, Madrid rooted operator quietly locked in fresh capital led by Galaxy Ventures, with ParaFi Capital and Crane Ventures Partners doubling down like they’ve seen this movie before and know how it ends. April 28, 2026 stamped it official. Oversubscribed. No surprise there. When money that understands plumbing meets a company rebuilding pipes, things tend to flow.
Juan Montero (CEO), Ignacio Rosario (COO), and Gonzalo Bandeira didn’t start Fence to make dashboards prettier. They went after the operational spine of structured credit. Verification, calculations, cash movement, reporting. The parts nobody brags about at conferences but everybody suffers through in practice. They built a system that treats debt facilities less like paperwork and more like software, with rules enforced, assets checked, and cash moving when it should, not when someone gets around to it.
That’s the play. Turn “trust me” into “it’s already verified,” and suddenly the conversation changes. This isn’t just efficiency theater. When you move from manual processes to real time enforcement, entire asset classes start behaving differently. High frequency, granular assets stop being operational nightmares and start looking like opportunity, the kind institutional capital actually wants more of if it can trust the rails.
Fence is betting the rails are the product, and the early €1.8M (unconfirmed USD equivalent) round in 2023 brought in Semantic.vc, Crane Earth, Actyus, and a lineup of operators who’ve been around enough balance sheets to know friction when they see it. Fast forward and those same investors are re-upping alongside Galaxy Ventures, which isn’t hype, it’s pattern recognition showing up with conviction.
While everyone else is still arguing about front end innovation, Fence is buried in the backend where the real leverage lives, where a single automation replaces 10 emails, 3 reconciliations, and 1 very expensive mistake. Infrastructure doesn’t ask for attention, it earns it quietly right up until the moment you realize everything runs through it, and Fence isn’t making noise, it’s making systems behave in a market still held together by habit and hope, which makes this kind of upgrade hard to ignore.
