Fence

Fence is building internet-native infrastructure for debt capital markets. Fence is a tech-native facility agent that consolidates and automates all traditional agency roles in asset-backed finance, including calculation agent, verification agent, and cash manager, into a single platform. It delivers automated operations, real-time risk monitoring, and instant drawdowns and waterfall payments, reducing middle-office costs by 90% and eliminating cash drag, resulting in up to 30% lower cost of debt.