AI-powered debt intelligence platform 9fin has been crowned a unicorn following a new $170m (£128.8m) Series C investment.
Now valued at $1.3bn, 9fin intends to grow its AI capabilities, expand its proprietary dataset and continue its growth in the US.
The London-headquartered firm, which raised $50m (£38m) in 2024, has built technology to provide information on debt capital markets for investors.
Working across loans, bonds and private credit markets, 9fin has created a centralised information platform that feeds into an AI service that can identify, analyse and support investors to act on opportunities.
The company said its services are used by more than 300 major banks, asset managers, law firms and advisory businesses.
“AI will redefine the credit markets, but only if it’s powered by proprietary data and embedded into how professionals actually work,” said Steven Hunter, co-founder and chief executive of 9fin.
“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.”
The round was led by HarbourVest and included participation from Canada Pension Plan Investment Board, Redalpine, Highland Europe, Spark Capital, and Seedcamp.
“Debt markets are undergoing a profound transformation as AI reshapes how financial professionals work,” said Michael Guiness, principal at HarbourVest Partners.
“9fin has built a powerful platform combining proprietary data with AI-driven workflows – exactly what we’re looking for in next generation market leaders. We’re excited to support the company as it scales globally.”
