9fin raises $50m to build debt capital markets technology

By Gloria Methri

9fin, the AI-powered analytics platform for debt capital markets, has raised $50m in a Series B round 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 further in its AI technology, grow its analytics team, and accelerate its expansion in the US. 9fin specialises in applying cutting-edge technology in debt capital markets. Since its Series A+ round in 2022, it has achieved 400% group-wide ARR growth, with its US business growing at an even faster rate.

Over this period, the company has expanded its customer base to nearly 200 large firms in global credit markets, including leading 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.

Providing intelligence on high-yield bonds, leveraged loans, distressed debt, CLOs, private credit and asset-backed finance, 9fin has integrated 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, “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 market professionals a data edge with smarter, faster intelligence. I am really proud of the product, team and company culture we have built so far at 9fin, and we are just getting started.”

Huss El-Sheikh, Co-founder and CTO of 9fin, said, “From the moment we started building at our kitchen table, 9fin has pioneered the use of AI in debt capital markets, setting a new industry standard. 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.”

Fergal Mullen, Co-founder and partner of Highland Europe said, “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 position 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.”