9fin Raises $50 Million to Revolutionize Debt Capital Markets with AI

9fin Secures $50 Million to Revolutionize Debt Capital Markets with AI

London-based fintech company 9fin has made waves in the financial world by raising an impressive $50 million in a Series B funding round. The company, which specializes in artificial intelligence (AI)-powered analytics for global debt capital markets, is poised to redefine how professionals navigate the complex world of finance.

Fueling Innovation and Expansion

The newly secured funding will be used to enhance 9fin’s AI technology, expand its analytics team, and accelerate its growth in the United States. The announcement was made in a press release on Monday, Dec. 2. Co-founder and CEO Steven Hunter emphasized the company’s mission, stating, “We started 9fin to give professionals in the market a data edge, with smarter, faster intelligence.”

Co-founder and Chief Technology Officer Huss El-Sheikh echoed this sentiment, highlighting the company’s commitment to innovation. “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,” El-Sheikh said in the release.

What 9fin Offers

9fin’s platform provides subscribers with critical intelligence on high-yield bonds, leveraged loans, distressed debt, collateralized loan obligations (CLOs), private credit, and asset-backed finance. By integrating generative AI into its offerings, the company delivers cutting-edge features such as:

• Agentic Q&A tools
• Real-time market updates
• Advanced search capabilities

These tools are designed to give financial professionals a competitive edge, enabling them to make faster, more informed decisions in the ever-evolving debt markets.

Impressive Growth Metrics

Since its Series A+ funding round in 2022, 9fin has experienced remarkable growth. The company’s annual recurring revenue (ARR) has surged by 400% across its operations, and its customer base has doubled to include nearly 200 firms in global credit markets. This rapid expansion underscores the growing demand for AI-driven solutions in the financial sector.

Addressing a Market Gap

The latest funding round was led by Highland Europe, whose co-founder and partner, Fergal Mullen, praised 9fin’s vision and focus. “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,” Mullen said in the release.

Mullen also pointed out that the funding comes at a time when data and technology offerings in the financial sector have struggled to keep pace with the rapid growth of debt markets. This gap presents a significant opportunity for 9fin to establish itself as a leader in the space.

The Role of AI in Finance

9fin’s success is part of a broader trend in the financial industry, where AI is becoming an essential tool. According to a report by PYMNTS Intelligence and NCR Voyix, titled “Is AI the Master Key to Banking’s Next Era?”, 72% of finance leaders actively use AI in their operations. Common applications include:

• Fraud detection (used by 64% of finance leaders)
• Customer onboarding automation (used by 42% of finance leaders)

These statistics highlight the growing reliance on AI to streamline processes, enhance decision-making, and improve overall efficiency in the financial sector.

Looking Ahead

With its latest funding round, 9fin is well-positioned to continue its upward trajectory. By leveraging AI to provide unparalleled insights and tools, the company aims to empower financial professionals and transform the debt capital markets. As the demand for innovative solutions grows, 9fin’s commitment to technology and customer-centric design will likely solidify its status as a market leader.

In an industry where data is king, 9fin’s ability to deliver smarter, faster intelligence could be the key to unlocking new opportunities for its clients. The company’s journey is a testament to the transformative power of AI and its potential to reshape the financial landscape.