9fin Raises $170M, Achieves $1.3B Valuation in Series C

London-based 9fin has successfully closed a $170 million Series C funding round, propelling its valuation to a significant $1.3 billion. This substantial capital infusion, spearheaded by HarbourVest Partners, underscores the growing demand for advanced technological solutions within the complex global debt markets. The round also saw robust participation from major institutional players, including Canada Pension Plan Investment Board (CPP Investments), alongside continued backing from existing investors Redalpine, Highland Europe, Spark Capital, and Seedcamp. This latest funding brings 9fin's total capital raised to over $250 million.

The company, co-founded by former J.P. Morgan banker Steven Hunter and Deutsche Bank engineer Hussam EL-Sheikh, has carved out a niche by leveraging artificial intelligence to consolidate and analyze vast amounts of data critical to debt capital markets. Its proprietary technology empowers credit professionals across banks, asset managers, law firms, and advisory services to more efficiently identify, assess, and capitalize on investment opportunities in the loan, bond, and private credit sectors.

With over 300 leading financial institutions now utilizing 9fin as their central operational hub for deal sourcing, risk analysis, and market monitoring, the platform's impact is clearly demonstrated. The company has consistently achieved triple-digit annual recurring revenue (ARR) growth for multiple consecutive years, maintaining industry-leading client retention rates. Notably, 9fin is experiencing accelerated adoption and expansion within the crucial United States market.

The strategic involvement of CPP Investments as an investor, in addition to being a client, highlights the platform's critical value proposition for the world's largest institutional investors. Further bolstering the round, the British Business Bank contributed £20 million through its Growth Loans programme, signaling strong domestic support for innovative UK fintech ventures.

This new capital injection is earmarked for enhancing 9fin's AI capabilities, expanding its comprehensive dataset covering global credit markets, and fueling its ongoing growth trajectory, particularly in the United States. The company's global footprint includes key offices in New York and Hong Kong, complemented by teams across Latin America and Asia, and its headquarters in London.

“Our ambition is to become the indispensable platform for all credit professionals,” stated Steven Hunter, CEO and Co-founder of 9fin. “This investment is a powerful validation of the immense potential in modernizing the debt capital markets through cutting-edge technology.” The Series C achievement positions 9fin among the most highly valued fintech companies in the United Kingdom, marking a significant milestone for London's tech ecosystem.