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London-founded fintech 9fin Raises £8M Series A

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by Startacus Admin

9fin Co-Founders Hussam EL-Sheikh (L) and Steven Hunter (R)_Landscape 3

Innovative Debt Capital Markets Intelligence Platform, 9fin secures major funding to support its expansion into the US market.

US expansion is on the horizon for 9fin, a leading provider of data, news and predictive analytics for debt capital markets with its announcement of an £8M Series A round.

Default@2xThe investment was led by Redalpine, alongside previous investors in the company, Fly Ventures. Angel investors Paul Forster, Co-Founder of Indeed, and Alan Morgan, Co-Founder of MMC Ventures, also participated, in addition to Ilavska Vuillermoz Capital and a number of high net worth individuals.

Inspired by their own industry experience of working within investment banking and financial technology, co-founders Steven Hunter and Hussam El-Sheikh created 9fin to provide faster, smarter intelligence for the debt capital markets community

Steven Hunter, Co-Founder and CEO explains: “Debt capital markets is the world’s largest asset class, but it operates using the worst quality data, information, and technology. Many companies in this space aren’t large listed businesses, they’re privately owned, that means important information about them isn’t readily or easily available. When I worked in banking and asset management...finding simple things like earnings, price sensitive news flow, and key offering documents was incredibly painful. 9fin was created to fix that.”

R51_4334.jpg9fin’s tech platform uses machine learning and computer vision to extract and standardise debt capital markets data in real time. The company’s predictive analytics helps its customers save time, spot trading opportunities and increase their share of the $65bn of debt capital markets fees earned by advisors each year.

The Series A investment will be used to expand into the US market, with the company opening a New York-based office following strong client demand. The company also plans to increase its operational teams and expects to double its current team of 30 people before the end of the year.

Aleksandra Laska, Partner at Redalpine, added “We are delighted to back Steven and Huss, they’re an incredibly driven team who have the ambition, network, and know-how to turn 9fin into a massive business. They have deep industry expertise in debt capital markets and have experienced the pain of poor-quality information first hand. Faster, better quality data has huge value within this space. As well as a very impressive product offering, the team has built powerful customer relationships with the largest financial institutions in the world. We're excited to support them as they grow in the US market."

Exciting times ahead for this innovative fintech!

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Published on: 13th October 2021

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