9fin, a London, UK-based provider of data, news and predictive analytics for debt capital markets, raised £8M in Series A funding.
The round was led by Redalpine, alongside previous investors Fly Ventures and angel investors Paul Forster, Co-Founder of Indeed, Alan Morgan, Co-Founder of MMC Ventures, Ilavska Vuillermoz Capital and a number of high net worth individuals.
The company, which has to date secured over £10M in funding, including the support from Seedcamp and AI Seed Fund, intends to use the funds to accelerate its expansion into the US, with the opening of a New York office following increased demand from existing customers in Europe.
Co-founded by Steven Hunter and Hussam El-Sheikh, 9fin provides intelligence for the debt capital markets community. Its tech platform uses machine learning and computer vision to extract and standardise debt capital markets data in real time to allow customers to save time, spot trading opportunities and increase their share of the $65bn of debt capital markets fees earned by advisors each year.
Product offerings include: News alerts, Financials, Covenants, Comparables, Deal predictions, ESG, and Search.
9fin serves nine of the top 10 investment banks, funds managing over €52bn of high yield assets under management and award-winning advisory and law firm franchises.
Initial hiring in New York will focus on content, analytics and business operations. 9fin is also hiring across its sales, marketing, product and engineering teams. It expects to double its current team of 30 people before the end of the year.
FinSMEs
13/10/2021