London-based 9fin, an analytics platform for debt capital markets, has secured $170 million in Series C funding at a $1.3 billion valuation, attaining the unicorn position in the financial data space. The round was led by HarbourVest, with participation from CPP Investments and existing backers including Redalpine, Highland Europe, Spark Capital, and Seedcamp. With this, total funding has crossed $250 million. Earlier, 9fin raised $50 million in Series B funding in 2024.
The latest capital will be used to strengthen its technology, expand proprietary datasets, and accelerate growth in the United States. The company is doubling down on building a platform that can serve global credit markets with speed and precision. The latest funding will also support hiring across AI, engineering, and data teams in the UK and Ireland.
Fixing a $145 trillion market still stuck in the past
Debt capital markets, valued at around $145 trillion, remain one of the largest yet least digitised segments in finance. Information is often scattered across emails, PDFs, and private data rooms, making analysis slow and fragmented.
9fin addresses this by bringing together data, analytics, and intelligent workflows into a single system. Its platform allows credit professionals to source deals, assess risk, and monitor market movements without switching between tools.
Founded in 2016 by former JPMorgan banker Steven Hunter and Deutsche Bank engineer Huss El-Sheikh, 9fin aims to modernise debt capital markets that have remained largely unchanged since the 1980s. By centralising complex information, the company enables faster decision-making. Clients can identify opportunities, stay ahead of competitors, and cut down hours of manual research that traditionally defined the sector.
Strong traction across institutions and geographies
More than 300 leading organisations, including banks, asset managers, law firms, and advisory firms, now rely on 9fin as a core platform. Notably, CPP Investments was already a customer before joining as an investor, highlighting the platform’s practical value.
The company has recorded multiple years of 100% annual recurring revenue growth, paired with strong customer retention. Its expansion in the United States has been particularly rapid, outpacing growth in other regions.
9fin operates globally with offices in New York, Hong Kong, and Belfast, alongside teams across Asia and Latin America. Its Belfast hub plays a key role in data operations and engineering.
