9fin Secures $50 Million to Revolutionize Debt Markets with AI and Expand into the U.S.

Major Funding Boost for 9fin

9fin, a London-based fintech firm, has successfully raised $50 million in a Series B funding round led by Highland Europe, a venture capital firm focused on growth-stage startups. This capital will be strategically utilized to enhance its AI capabilities, expand its workforce, and accelerate its U.S. expansion.

The startup is valued at approximately $500 million, as reported by the Financial Times. Previously, 9fin raised $23 million in December 2022 from Spark Capital, a notable venture firm from San Francisco.

What Does 9fin Offer?

9fin specializes in providing data and news for the debt markets through a subscription-based model. The company has invested significantly in technology to efficiently gather and process data from various financial documents. Their team comprises reporters, lawyers, and analysts who deliver insights into the credit markets, serving clients such as investment banks, private equity firms, and law firms.

Fergal Mullen, cofounder of Highland Europe, praised 9fin's vision and commitment, stating that the company's focus on technology and innovation positions it as a leading platform in the debt market sector.

Leadership and Growth

Steven Hunter, cofounder and CEO of 9fin, highlighted the vast potential within the debt markets, describing them as the most overlooked asset class globally. He emphasized the need for modern technology and information sources to replace outdated practices.

Since its inception in 2016, 9fin has experienced rapid growth, with its customer base more than doubling to nearly 200 firms. The team has expanded to 240 employees across offices in London, Belfast, and New York. In 2018, Hunter and his cofounder, Huss El-Sheikh, were recognized on the Forbes 30 Under 30 Europe list for their contributions to the finance industry.