London-based analytics startup 9fin has raised $50M Series B funding led by Highland Europe. Existing investors Spark Capital, Redalpine, Seedcamp, 500 Startups and Ilavska Vuillermoz Capital also participated.
The new funding will enable 9fin to invest in developing its algorithmic technology, grow its analytics team and accelerate its expansion in the US.
9fin’s customers include global credit markets, including leading investment banks, distressed debt advisors, private equity, credit fund managers and law firms. The combined assets of its customers are worth over $17T.
Steven Hunter, Co-founder and CEO, said: “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.”
Fergal Mullen, Co-founder and partner at Highland Europe added: “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. We’re thrilled to support their ambition to become the global market leader.”