London fintech firm raises £8M in Series A fund to expand to the US
A London-based fintech company specialising in debt capital markets has announced an £8m Series A round fund fuelling its expansion into the US.
The company, 9fin, is also opening a New York office following increased demand from existing customers in Europe.
The latest investment was led by Redalpine, alongside previous investors in the company, Fly Ventures. To date, 9fin has secured over £10m in funding, including backing from Seedcamp and AI Seed Fund.
Co-founded by Steven Hunter and Hussam El-Sheikh, 9fin was created to provide intelligence for the debt capital markets community.
Steven Hunter, co-founder, and CEO of 9fin said: “We’re delighted to have the backing of new and existing investors in this round. The Redalpine team has a very strong track record of FinTech investments. We’re excited to welcome Aleksandra to our board, lending her capital markets and operational expertise to our team.
9fin’s predictive analytics aims to helps its customers save time, spot trading opportunities, and increase their share of the $65bn of debt capital markets fees earned by advisors each year.
Within the last year, the company has quadrupled its number of clients, tripled the size of its team, and partnered with the European Leveraged Finance Association on legal data and analytics.
Aleksandra Laska, partner at Redalpine, added: “We are delighted to back Steven and Huss, they’re an incredibly driven team who have the ambition, network, and know-how to turn 9fin into a massive business”
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.
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