London’s 9fin, a developer of AI-driven debt analytics, secures $50m funding.
- Series B funding round aims to enhance 9fin’s debt capital markets analytics.
- A strong focus is on expanding US operations due to rapid growth.
- 9fin integrates generative AI, offering advanced features like chatbots.
- Led by Highland Europe, this round sees participation from renowned investors.
9fin, a London-based startup, has successfully concluded a Series B funding round, securing $50 million (approximately £39.3 million). This funding round signifies investor confidence as the company focuses on enhancing its debt capital markets analytics platform. Since its founding in 2016, 9fin has become a notable player in the financial technology space, offering cutting-edge solutions in debt analytics.
The recent funds will be pivotal in advancing 9fin’s platform, which covers high-yield bonds, leveraged loans, distressed debt, collateralised loan obligations, and more. One of 9fin’s strategic objectives is the expansion of its operations in the United States, a region where it has observed the most rapid growth. This move aligns with the company’s commitment to providing sophisticated financial intelligence on a global scale.
9fin prides itself on being the first in its sector to incorporate generative AI into its platform, enhancing its offerings with tools such as a chatbot, real-time market updates, and complex search functionalities. Co-founder and CEO Steven Hunter emphasised the transformative impact of 9fin’s technologies, noting that the debt markets have long been underserved by contemporary technological advancements.
Leading the investment round was Highland Europe, alongside existing investors Spark Capital, Redalpine, Seedcamp, 500 Startups, and Ilavska Vuillermoz Capital. This backing underlines 9fin’s commitment to innovation and the fostering of a strong company culture. For the year ending December 2023, 9fin reported a turnover of £7.2 million, marking a significant increase from the previous year, despite encountering operational losses due to increased expenses.
With strong investor support, 9fin is poised to revolutionise debt market analytics with its AI-driven platform.
