UK startup 9fin, an AI-driven analytics provider for debt capital markets, has secured €47.5 million in a Series B funding round led by Highland Europe.
Existing investors Spark Capital, Redalpine, Seedcamp, 500 Startups, and Ilavska Vuillermoz Capital also participated in the round. The funding will support 9fin’s ongoing development of its AI technology, expansion into the US market, and growth of its analytics team.
9fin leverages AI to provide faster and easier access to high-yield bonds, leveraged loans, distressed debt, CLOs, private credit, and asset-backed finance intelligence. The platform, used by nearly 200 firms and asset managers overseeing €16 trillion in Assets Under Management (AUM), integrates generative AI to deliver advanced tools like agentic Q&A, real-time updates, and enhanced search capabilities.
Steven Hunter, Co-founder and CEO of 9fin, commented: “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. 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. There’s a huge opportunity to build the #1 global provider of debt market analytics, and bring debt markets into the AI age. We’re delighted to welcome Highland as a partner to help us achieve that vision.”
The company has experienced rapid growth since its Series A+ in 2022, reporting a 400% increase in Annual Recurring Revenue (ARR) and significant US expansion. 9fin has also grown to 240 employees and doubled its tech team, in response to its growing product development.
Highland Europe’s Co-founder and partner, Fergal Mullen, who joins 9fin’s board, said: “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. We’re thrilled to support their ambition to become the global market leader.”
Co-founder and CTO Huss El-Sheikh added: “From the moment we started building at our kitchen table, 9fin has pioneered the use of AI in debt capital markets, setting a new industry standard. By investing in the best product and engineering talent, we’ve dramatically increased product velocity, delivering capabilities to give our customers the best workflows, tools and insights, and helping them navigate easily through complex financial markets.”
Read the orginal article: https://www.eu-startups.com/2024/12/london-based-9fin-raises-e47-5-million-to-advance-ai-powered-debt-capital-markets-platform/
