The London-based financial technology firm 9fin has achieved unicorn status after raising almost £130,000,000 in Series C funding. Total funding for the company, which operates an AI platform for global debt markets, now exceeds £197,000,000.
The capital will be used to expand the firm’s proprietary dataset and support growth in the United States.
Founded by former J.P. Morgan banker Steven Hunter and Deutsche Bank engineer Hussam EL-Sheikh, the company has been valued at £1,027,000,000 following the investment. Debt capital markets represent a large asset class, but the technology supporting them has historically lagged behind other sectors. As loan, bond, and private credit markets converge, the firm aims to use AI to centralise information often trapped in data rooms, emails, and PDFs.
The platform is used by more than 300 banks, asset managers, law firms, and advisory firms to source deals, analyse risk, and monitor global debt markets. The company has reported several consecutive years of 100 per cent annual recurring revenue growth and noted that CPP Investments was a client before becoming an investor in this round.
Steven Hunter, CEO of 9fin, said: “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.”
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