At $145 trillion, debt capital markets are the largest and most important asset class in the world. They finance business, governments, fund acquisitions, and underpin the global economy.
But the infrastructure behind them hasn’t kept up.
The people making billion-dollar decisions still rely on fragmented data, manual workflows, and systems that were never designed for the complexity and increasingly interconnected nature of modern credit markets.
Today, we’re announcing a $170 million Series C to change that.
The round values 9fin at $1.3 billion and is led by HarbourVest, with participation from CPP Investments — a long-time client — alongside Highland Europe, Spark Capital, Redalpine, and Seedcamp.
This raise comes at a moment of structural change.
Credit markets are converging. Boundaries between asset classes are breaking down. Private credit, leveraged finance, and restructuring are no longer distinct silos — they are increasingly part of the same investment landscape. At the same time, macro conditions are more volatile, and the cost of being wrong is higher.
Simultaneously, AI represents a generational paradigm moment. There is huge opportunity for deeply embedding AI in manual workflows, helping drive productivity, and smarter, faster decision making.
Across the market, we hear the same need: a single, real-time view of credit — across geographies, products, and market conditions.
That’s what we’re building.
9fin is the intelligence layer for debt markets — combining proprietary data, real-time analysis, and AI-driven workflows into a single platform. We help credit professionals move from fragmented information to clear decisions.
From automatically parsing complex legal documents, to surfacing actionable credit signals across markets, to tracking situations as they evolve in real time — 9fin is designed to sit at the center of how modern credit professionals work.
Today, more than 300 of the world’s leading law firms, banks, asset managers, and advisory firms rely on 9fin daily — including CPP Investments, who became an investor after first becoming a client.
What stands out most is how quickly we’ve become critical to how clients work. For many credit professionals, 9fin is the first screen they open in the morning and the system they rely on to do their jobs. That’s reflected in multiple consecutive years of 100% ARR growth and industry-leading retention.
But we’re still at the beginning.
This investment allows us to go deeper on two fronts.
First, embedding AI directly into core credit workflows — not as a layer on top, but as a fundamental part of how analysis gets done. The opportunity isn’t just to make existing processes faster, but to redefine them entirely.
Second, expanding the proprietary data foundation that underpins everything we do. In credit, differentiated data compounds. Our goal is to build a dataset that becomes more valuable with every interaction, creating a long-term advantage that is difficult to replicate.
We’re also scaling where demand is strongest. Three years ago, we had no presence in the US. Today, it’s our fastest-growing market, driven by clear product-market fit and increasing pull from the world’s largest credit investors. This funding allows us to invest further in our go-to-market presence and support clients at scale.
None of this happens without the team. More than 400 9finners across engineering, AI, data, editorial, and debt markets are building something that hasn’t existed before — combining deep technical capability with real domain expertise. That combination is rare, and it’s what allows us to tackle problems of this complexity.
To our clients, investors, and team — thank you for believing in what we’re building.
The opportunity ahead is enormous. Debt markets are too large, too important, and too complex to run on fragmented systems.
We’re building what comes next.
— Steven
