London's 9fin Secures £8M for US Expansion, Led by Redalpine
London-based 9fin, a specialist in data, news, and predictive analytics for debt capital markets, has secured £8 million in Series A funding. The company plans to use these funds to expand into the US, opening an office in New York due to increased demand from European customers.
The funding round was led by Redalpine, with participation from Fly Ventures, angel investors including Paul Forster and Alan Morgan, and Ilavska Vuillermoz Capital. This brings 9fin's total funding to over £10 million, including previous support from Seedcamp and AI Seed Fund.
9fin's expansion into the US is strategic, as New York is the unrivaled hub of the American finance sector. The new office will provide 9fin with direct access to key players and markets in the global corporate bond market. The company serves nine of the top 10 investment banks and funds managing over €52 billion in high yield assets.
9fin's platform uses advanced machine learning and computer vision to extract and standardize debt capital markets data in real-time. It offers a range of services including news alerts, financials, covenants, comparables, deal predictions, ESG analysis, and search functionality.
With this new investment and expansion into the US, 9fin is well-positioned to grow its customer base and solidify its position as a leading provider of data and analytics services in the debt capital markets.
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