9fin Secures $50 Million Investment to Transform Debt Markets

9fin Secures $50 Million Funding Round

9fin, an innovative analytics platform aimed at transforming debt capital markets, has successfully secured $50 million in a Series B funding round. This round was led by Highland Europe, with support from existing investors including Spark Capital, Redalpine, Seedcamp, 500 Startups, and Ilavska Vuillermoz Capital.

Investing in AI and Team Growth

This new influx of capital is set to significantly enhance 9fin's investment in its leading AI technology. This will not only involve further development and innovation of their analytics tools but will also bolster the team size, facilitating accelerated growth, particularly in the US market.

Establishing Industry Leadership

Since finishing their last round of funding, 9fin has proven to be a frontrunner in implementing advanced technologies within the debt capital markets sector. The company has boasted a remarkable 400% growth in annual recurring revenue (ARR) since its Series A+ in 2022, with its US branch achieving even more impressive growth metrics.

Expanding Customer Base

In the recent months, the company has soared past expectations, more than doubling its clientele to nearly 200 significant players in global credit markets. This includes prominent investment banks, private equity firms, distressed debt advisors, credit fund managers, and law firms. Notably, 9fin caters to asset managers with a staggering total assets under management exceeding $17 trillion, as more professionals within the debt market discover its user-friendly platform.

Pioneering Technology in Debt Markets

One of 9fin’s distinguishing features is its ability to provide subscribers with crucial credit data quickly and efficiently. The platform aids in gaining indispensable insights into high-yield bonds, leveraged loans, distressed debt, collateralized loan obligations (CLOs), private credit, and asset-backed finance. Interestingly, 9fin holds the title of being the first information provider to incorporate generative AI technology, which empowers users with agentic Q&A tools, real-time market insights, and enhanced search functionalities.

CEO's Vision for the Future

According to Steven Hunter, Co-founder and CEO of 9fin, the debt markets have been largely overlooked and heavily rely on outdated systems. He expressed pride in the company’s journey, highlighting their goal to provide market professionals with an edge through innovative, data-driven intelligence. He aims to position 9fin as the leading global provider of debt market analytics, seamlessly integrating AI into the sector.

The CTO's Perspective

In his remarks, Huss El-Sheikh, Co-founder and CTO, emphasized the foundational role of AI in 9fin's approach. He noted how investing in top-tier talent has propelled the velocity of product development, equipping customers with the essential tools and insights needed to navigate complex financial landscapes.

Highland Europe's Role in the Journey

Fergal Mullen from Highland Europe shared his enthusiasm for 9fin's growth, recognizing the underserved nature of the data and technology available to the booming debt markets. He acknowledged 9fin’s commitment to technology and innovation, which places them as an indispensable resource within the industry.

About 9fin

9fin provides a streamlined and intelligent platform for leveraged credit analysis. By consolidating essential data and analytics, 9fin empowers subscribers to enhance their decision-making abilities and outperform competitors. The platform is highly regarded by major asset managers, reputable law firms, and all top 10 investment banks.

About Highland Europe

Highland Europe specializes in investing in higher-growth technology and consumer companies. Established in 2012, the firm has raised over €2.75 billion to date and has a portfolio that includes several thriving enterprises across Europe and beyond, demonstrating a robust history of fostering successful investments.

Frequently Asked Questions

What is 9fin?

9fin is an AI-driven analytics platform focused on improving efficiencies in debt capital markets.

How much funding did 9fin raise?

9fin raised $50 million in a recent Series B funding round led by Highland Europe.

What will the new funds be used for?

The funding will be utilized to further develop AI technology, grow the analytics team, and expand into the US market.

Who are 9fin's major clients?

9fin serves major investment banks, private equity firms, and asset managers totaling over $17 trillion in managed assets.

What is the vision of 9fin's leadership?

The leadership at 9fin aims to become the premier global provider of analytics in the debt markets while integrating AI to enhance service delivery.

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