9fin bags $50m in Series B funding round led by Highland Europe
UK-based data and analytics fintech 9fin has secured $50 million in a Series B funding round led by London-headquartered venture capital firm Highland Europe.
9fin bags $50 million in Series B funding round
The round saw additional support from existing backers including Ilavska Vuillermoz Capital, Spark Capital, Redalpine, Seedcamp, and 500 Startups.
Founded in 2016, 9fin offers an AI-powered data and analytics platform for debt capital markets. The company’s solution analyses 10 million unique data points and features an AI-driven news aggregator drawing from over 2,000 sources to help debt market professionals “find intelligence on leveraged credit”.
The platform provides intelligence on private credit and asset-backed finance, high-yield bonds, leveraged loans, and distressed debt.
9fin claims that since its $23 million Series A+ round in 2022, it has achieved a 400% increase in group-wide annual recurring revenue (ARR), expanded its team to 240 employees, and “more than doubled its customer base to nearly 200 of the largest firms in global credit markets, including leading investment banks, distressed debt advisors, private equity, credit fund managers, and law firms”.
The company says its latest funding will fuel the growth of its analytics division, accelerate its US expansion, and enable more investment in its AI technology.
With this latest funding round, 9fin joins a growing number of global fintechs securing Series B investments this year, including Saudi-based Lean Technologies, Mexico’s Minu, and US healthcare fintech Osigu.
