Artificial intelligence is profoundly changing the way data is analyzed in the global financial technology field. London-based financial technology company 9fin recently received US$50 million in Series B financing, which will be used to further improve its AI-driven debt capital market analysis platform. The move highlights the huge potential of AI technology in professional financial analysis, as well as investors' confidence in the future development of this field. 9fin's platform integrates generative AI to provide users with functions such as intelligent Q&A, real-time market updates and advanced search, aiming to provide market professionals with smarter and faster data insights to improve decision-making efficiency.
In the global financial technology sector, artificial intelligence is reshaping the way data is analyzed. London-based financial technology company 9fin recently completed a $50 million Series B round of financing. This investment will propel the development of its AI-driven debt capital market analysis platform to a higher stage.
The company's co-founder and CEO Steven Hunter said that 9fin's core mission is to provide market professionals with smarter and faster data insights. Co-founder and technology officer Huss El-Sheikh emphasized that by investing in top product and engineering talents, the company has significantly increased the speed of product iteration and provided customers with better workflows, tools and market insights.
9fin’s analytical platform covers multiple complex areas such as high-yield bonds, leveraged loans, distressed debt, collateralized loan obligations (CLOs), private placement credit and asset-backed finance. By integrating generative AI, the platform also provides intelligent question and answer tools, real-time market updates and advanced search capabilities.
Since its Series A+ financing in 2022, the company has achieved 400% growth in annual recurring revenue (ARR), doubled its customer base, and currently serves nearly 200 global credit market institutions.
This round of financing was led by Highland Europe. Fergal Mullen, a partner at the fund, pointed out that current data and technology solutions have failed to keep up with the booming development of the debt market, and 9fin’s continued investment in technological innovation and company culture has made it the most trustworthy platform in the debt market.
It is worth noting that 72% of financial leaders in the financial industry are actively using AI, according to a joint report by PYMNTS Intelligence and NCR Voyix. Among them, 64% of enterprises apply AI for fraud detection and 42% for customer onboarding automation.
9fin’s successful financing not only marks an important breakthrough in the field of financial technology, but also reflects the huge potential of AI technology in professional financial analysis. By providing smarter and more accurate market insights, 9fin is redefining the boundaries of financial data analysis.
As AI technology continues to advance, companies like 9fin will continue to drive the digital transformation of the financial industry and provide professional investors with more competitive decision-making tools.
9fin’s successful financing case heralds the rapid development of AI-driven financial technology companies. The intelligent analysis tools it provides will further improve the efficiency and decision-making capabilities of the financial industry, bringing more innovation and change to the future financial market. .