9fin, a trailblazer in the FinTech sector, has successfully completed a Series B funding round, securing $50m.
Highland Europe spearheaded this round, with continued support from previous investors including Spark Capital, Redalpine, Seedcamp, 500 Startups, and Ilavska Vuillermoz Capital.
The company has rapidly established itself as a pioneering force in applying cutting-edge technology to debt capital markets. This recent funding underscores 9fin’s commitment to innovation, particularly in enhancing its AI-driven analytics capabilities.
The influx of capital will be strategically allocated to further refine 9fin’s market-leading AI technology, expand its analytics team, and accelerate its business growth across the United States.
Since its Series A+ round in 2022, 9fin has reported a staggering 400% growth in group-wide ARR, with its U.S. operations expanding even more rapidly. The company has grown its workforce to 240 employees and has recently doubled the size of its tech team, significantly enhancing the speed of product development.
9fin’s innovative platform is increasingly being adopted by nearly 200 of the world’s largest firms in global credit markets, including top-tier investment banks, distressed debt advisors, and private equity and credit fund managers. With asset managers wielding a combined AUM of over $17 trillion using 9fin, its influence in the debt market is undeniable.
“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,” said Steven Hunter, co-founder and CEO of 9fin.
Following their successful Series A+ funding round in 2022, 9fin has continued to solidify its reputation as an innovator in the FinTech space, consistently achieving substantial growth and expanding its market reach.
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