9fin secures $170m to scale AI in credit markets

By Vriti Gothi

9fin, an AI-native data and analytics platform focused on debt capital markets, has raised $170 million in a Series C funding round at a valuation of $1.3 billion. The round was led by HarbourVest Partners, with participation from CPP Investments and existing investors including Redalpine, Highland Europe, Spark Capital, and Seedcamp. The latest raise brings the company’s total funding to over $250 million.

The funding will be used to accelerate development of 9fin’s artificial intelligence capabilities, expand its proprietary data infrastructure, and support continued growth in the United States. The company operates across New York and London, serving clients globally.

The investment comes amid increasing focus on modernising debt capital markets, which, at an estimated $145 trillion, represent the largest asset class globally. Despite their scale, these markets have historically relied on fragmented and manual data processes, with critical information often locked in unstructured formats such as PDFs, emails, and private data rooms.

9fin’s platform seeks to address this inefficiency by aggregating and structuring credit market data, applying AI to enable faster analysis and decision-making. Its tools are designed to support credit professionals in sourcing deals, assessing risk, and monitoring market activity within a single workflow.

More than 300 institutions, including banks, asset managers, law firms, and advisory firms, currently use the platform. Notably, CPP Investments was an existing client prior to joining the funding round as an investor, reflecting growing institutional adoption of AI-driven credit analytics tools.

The company reports multiple consecutive years of 100% annual recurring revenue growth, alongside strong client retention and accelerating expansion in the US market—highlighting rising demand for integrated data and analytics solutions in credit markets.

Steven Hunter, CEO & Co-founder of 9fin, commented, “AI will redefine the credit markets, but only if it’s powered by proprietary data and embedded into how professionals actually work. That’s exactly what we’ve built at 9fin. We’ve scaled our product rapidly across geographies and asset classes to provide clients with unmatched breadth and depth of data in an AI-native platform. Our ultimate goal is to be the only platform credit professionals ever need. This capital gets us there even faster.”

The funding reflects a broader trend of institutional capital backing AI-led platforms aimed at modernising legacy financial market infrastructure, particularly in data-intensive segments such as credit and private markets.