9fin, the AI-enhanced analytics platform for debt capital markets, has raised $50m 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 proceeds from the round will enable 9fin to invest further in its AI technology, grow its analytics team, and speed up its business expansion in the United States.
9fin claims that it has established itself as a key player in the application of technology in debt capital markets.
Since its Series A+ investment round back in 2022, it claims to have achieved 400% group-wide ARR growth, with its US business “growing at an even faster rate.”
The company has reportedly grown its team to 240 workers and recently doubled the size of its technology team, reportedly driving “increases in product development speed.”
During this time period, the company claims that it has “more than doubled its customer base” to nearly 200 of the largest companies doing business in global credit markets, “including investment banks, distressed debt advisors, private equity, credit fund managers and law firms.”
9fin is used by asset managers with a combined AUM of over $17 trillion, with many more “debt market professionals discovering its intuitive platform each week.”
9fin helps subscribers save time, win business, and outperform their peers with faster “access to critical credit information.”
Providing intelligence on high-yield bonds, leveraged loans, distressed debt, CLOs, private credit and asset-backed finance, 9fin was the first information provider to “integrate generative AI into its platform, using it to provide agentic Q&A tools, real-time market updates, and advanced search capabilities.”
Steven Hunter, Co-founder and CEO of 9fin said that 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.” Hunter added that they started 9fin to “give professionals in the market a data edge, with smarter, faster intelligence.”
Huss El-Sheikh, Co-founder and CTO of 9fin said that from the moment we started building at their kitchen table, 9fin has enabled the “use of AI in debt capital markets, setting a new industry standard.”
They added that by investing in the best product and engineering talent, they’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.”
Fergal Mullen, Co-founder and partner, Highland Europe said that debt markets are booming but data and technology offerings “simply haven’t kept pace. 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.”
As noted in the update, 9fin is reportedly the “smarter way” to find intelligence on leveraged credit.
Their AI-powered data and analytics platform centralises everything that’s needed to “analyze a credit or win a mandate in one place, helping subscribers win business, outperform their peers, and save time.”
9fin claims that it is “trusted” by the asset managers, law firms and advisers in debt capital markets, and investment banks.
Highland Europe invests in growth-stage tech and consumer companies.
Launched back in 2012, Highland Europe has reportedly raised “over €2.75 billion” and has invested in companies such as Adjust, AMCS, Camunda, ContentSquare, Deepki, Descartes Underwriting.
Highland’s collective history of investments across the United States, Europe and China includes “45+ IPOs, 150+ M&A exits and 40 billion-dollar-plus companies.”
