London-based 9fin, a company offering analytics technology for the debt capital markets sector, announced a $50 million funding round to help it meet demand for its solution. The Series B raise, led by Highland Europe, enables 9fin to invest in its AI-powered platform.
9fin provides a subscription-based offering to investment banks, distressed debt advisors, private equity, credit fund managers and law firms. Its solution helps these entities access credit information on high-yield bonds, leveraged loans, distressed debt, CLOs, private credit and asset-backed finance quickly and easily. 9fin works to give firms an advantage over their peers, helping them save time and win more business.
“Debt markets are the biggest overlooked asset class in the world, and yet they still rely on technology and information sources straight out of the 1980s — opaque, slow and messy,” Steven Hunter, 9fin’s co-founder and CEO, said in a statement. “We started 9fin to give professionals in the market a data edge, with smarter, faster intelligence. I’m really proud of the product, team and company culture we’ve built so far at 9fin, and we’re just getting started.”
The company’s fresh capital injection follows a period of growth. Since its last funding round in 2022, 9fin has recorded 400 percent revenue growth and expanded its team to 240 employees. It also recently doubled the size of its tech team. 9fin’s latest raise will allow it to further its AI tech, grow its analytics team and accelerate its U.S. expansion.
