9fin, an AI-powered analytics platform for debt capital markets, raised $50 million in a Series B round led by Highland Europe, with participation from existing investors Spark Capital, Redalpine, Seedcamp, 500 Startups and Ilavska Vuillermoz Capital. The new funding is aimed at enabling 9fin to invest further in its AI technology, grow its analytics team and accelerate its expansion in the United States.
“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,” Steven Hunter, co-founder and CEO of 9fin, said. “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.”
“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,” Huss El-Sheikh, co-founder and chief technology officer of 9fin, said. “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.”
“Debt markets are booming but data and technology offerings simply haven’t kept pace,” Fergal Mullen, co-founder and partner of Highland Europe, said. “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.”
