London-based fintech firm 9fin, which develops data and analytics software for debt capital markets, has raised a $170 million Series C round, valuing the company at $1.3 billion.
- Established in 2016 by Steven Hunter and Huss El-Sheikh, 9fin develops data and analytics software for debt capital markets, focusing on credit instruments such as leveraged loans, bonds, and distressed debt.
- The platform aggregates market data, financial documents, and news, then uses machine learning to extract key information, such as covenant terms and pricing, from complex filings. It also organizes and analyzes extensive credit data, enabling users to monitor transactions, compare issuers, and follow market activity in near real time.
- To date, 9fin is used by over 300 institutions, including banks, asset managers, and law firms, with CPP Investments joining as an investor after initially becoming a client. Its primary applications include credit analysis, deal sourcing, and risk evaluation.
Details of the deal
- The $170 million Series C round was led by HarbourVest Partners, with participation from CPP Investments, Highland Europe, Spark Capital, Redalpine, and Seedcamp.
- The firm aims to use the new funding to advance its AI capabilities, build out its data assets, and expand its footprint in key markets like the US, while integrating more automation into credit analysis workflows to strengthen its position in the debt analytics space.
"We’re also scaling where demand is strongest. Three years ago, we had no presence in the US. Today, it’s our fastest-growing market, driven by clear product-market fit and increasing pull from the world’s largest credit investors. This funding allows us to invest further in our go-to-market presence and support clients at scale," explains Steven Hunter, co-founder of 9fin.
