The fintech has raised $170m at a $1.3bn valuation.
A London-headquartered fintech, which provides financial services businesses with debt market data and analytics, has become a unicorn, following a $170m funding round.
9fin has raised the Series C funding at a $1.3 billion valuation, it said. The round was led by HarbourVest, the private equity investor, with participation from Canada Pension Plan Investment Board and earlier investors Redalpine, Highland Europe, Spark Capital, and Seedcamp.
The fintech was valued at around $500m in 2024, when it raised $50m, according to the FT.
9fin’s platform combines data, analytics, and AI in one system, with more than 300 banks, asset managers, law firms, and advisory firms as clients who use its tech for sourcing deals, analysing risk, and monitoring global debt markets.
It said it would use the funds to invest in AI, proprietary data, and international expansion as it scales its platform for global debt markets.
The fintech is headquartered in London, with a Belfast office focused on data operations and engineering, with operations spanning New York, Asia, and Latin America.
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.”