9fin Raises $50m to Revolutionise Debt Capital Markets with AI Analytics

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Introduction

A London-based startup, 9fin, is making waves in the debt capital markets with its cutting-edge AI analytics platform. The company has recently closed a $50m (£39.3m) Series B funding round, solidifying its position as a leader in financial technology. With a mission to transform an asset class that has long been overlooked, 9fin is poised to redefine how professionals in the sector access and use data.

About 9fin

Founded in 2016, 9fin operates out of the City of London and serves more than 200 institutional customers whose combined assets exceed $17tn. The company’s AI-driven platform provides intelligence across high-yield bonds, leveraged loans, distressed debt, collateralised loan obligations, private credit, and asset-backed finance. Leveraging generative AI, 9fin has introduced advanced features such as a chatbot, real-time market updates, and complex search functionalities, setting it apart as an innovator in its field.

Scaling Operations in the US

While 9fin has achieved remarkable success in Europe, its US operations are experiencing unprecedented growth. The company’s expansion strategy is aimed at tapping into the vast potential of the US debt capital markets, which represent a significant share of global financial activity. By prioritising its presence in this market, 9fin is positioning itself as a global leader in debt analytics.

Why 9fin Stands Out

Debt markets, often characterised as opaque and outdated, are ripe for disruption. Steven Hunter, co-founder and CEO of 9fin, highlighted this gap: “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.” Hunter’s vision for 9fin is to empower professionals with smarter, faster intelligence, offering a “data edge” in a competitive market. The company’s integration of generative AI into its platform underscores its commitment to innovation.

Investment and Vision

The $50m Series B round was led by Highland Europe, with additional backing from existing investors Spark Capital, Redalpine, Seedcamp, 500 Startups, and Ilavska Vuillermoz Capital. According to Fergal Mullen, co-founder and partner at Highland Europe: “Debt markets are booming but data and technology offerings simply haven’t kept pace. 9fin’s vision, its relentless focus on technology, innovation, and company culture, positions it as the go-to platform for those working in debt markets.”

This latest funding builds on 9fin’s prior success, including a $23m raise two years ago—a round achieved without actively seeking new capital. The new investment will support the company’s continued growth and technological advancements, ensuring it stays ahead of the competition.

Financial Performance

According to its most recent accounts for the year ending December 2023, 9fin reported turnover of £7.2m, representing a 124% increase from 2022. However, the company also incurred an operating loss of £10.4m due to increased investments in scaling and technology development. These figures reflect 9fin’s aggressive growth strategy and its commitment to innovation.

The Future of Debt Analytics

As debt markets continue to grow, the demand for real-time, AI-powered analytics will only increase. 9fin’s unique approach to leveraging generative AI places it at the forefront of this transformation. By addressing inefficiencies and providing professionals with actionable insights, 9fin is not just improving how debt markets operate but also shaping the future of financial technology.

Conclusion

9fin’s $50m Series B funding marks a significant milestone for the company and the broader debt capital markets. With a strong focus on innovation, scalability, and market disruption, 9fin is well-positioned to lead the next wave of advancements in this vital asset class. As it continues to expand and innovate, the company represents a compelling opportunity for investors and a game-changer for industry professionals.

For more information about 9fin, visit their official website.