9fin, a London, UK-based provider of an analytics platform for debt capital markets, raised $23M in Series A+ funding.
The round was led by Spark Capital with participation from Redalpine, AI Seed, Seedcamp, 500 Startups, and Ilavska Vuillermoz Capital.
The company intends to use the funds to scale its team, grow its presence in the US market and expand its product into new asset classes.
Led by CEO Steven Hunter, 9fin is an analytics platform provider. Through its platform, the company centralizes to analyze a credit or win a mandate in one place, helping subscribers win business, outperform their peers, and save time. Product offerings include: News alerts, Financials, Covenants, Comparables, Deal predictions, ESG, Restructuring and Search.
The company currently supports over 60 customers including nine of the top 10 investment banks, four of the top five distressed debt advisors, 80% of European HY Sales & Trading desks and four of the top six law firms in debt capital markets.
Since 2021, 9fin has more than doubled its client base, tripled its team and quadrupled its ARR. The company also opened a new office in New York City, which will be led by CEO and co-founder, Steven Hunter. Hussam El-Sheikh, CTO and co-founder will continue to lead the London office and all aspects of engineering.
FinSMEs
09/12/2022