Financial Data Startup Secures $50M Series B Funding – peopleofcolorintech

9fin, a London-based debt market intelligence startup, has secured $50 million in Series B funding led by Highland Europe, a prominent growth capital investor. 

As first reported by The Financial Times, this latest funding is expected to drive 9fin’s expansion, particularly in the United States, where the company’s growth is accelerating. 

It also marks a milestone in 9fin’s journey, bringing total funding to nearly $90 million since its inception in 2016.

Aiming for Billion-Dollar Revenues

Co-founded by Huss El-Sheikh and Steven Hunter, 9fin began as a response to the lack of quality data in the debt market. 

“There’s at least a billion-dollar revenue business to be built in this space,” Hunter said, comparing 9fin’s potential to market leaders like Bloomberg and Morningstar.

The startup has grown to employ 250 people, with its largest operations in London and Belfast.

Hunter expects 9fin to achieve positive cash flow by 2025, driven by strong demand for its data and analysis tools, which target debt investors seeking high-yield and private credit opportunities.

Expanding Operations with Strategic Support

The funding will focus on enhancing 9fin’s engineering and technology teams to better serve its growing US client base. 

Highland Europe’s co-founder, Fergal Mullen, will join the company’s board, reinforcing investor confidence in 9fin’s ability to scale.

With key clients like KKR and Carlyle expressing interest during the funding process, 9fin is positioned as a serious contender in the credit data industry.

Feature Image Credit: Paul Clarke/9fin

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