Meet 9fin (RAC VI), the fintech challenger that is revolutionizing the largest asset class in the world: The debt capital market. On its AI-powered data and analytics platform, 9fin centralizes everything that’s needed to analyze a credit or win a mandate in one place. This helps finance professionals acquire business, outperform their peers, and save valuable time.
Redalpine Value Creation
Since leading 9fin’s Series A round in 2021, Redalpine has actively collaborated with the founders and team to provide a sounding board as the company rapidly grows. Our involvement spans various areas, including fundraising, facilitating connections with potential clients, and aiding in the recruitment of key senior hires, all of which have strengthened the foundation for 9fin’s success.
In the two years since our investment, 9fin has demonstrated remarkable progress. The company has more than doubled its client base, grown its team from 28 to 120, and successfully expanded beyond its home base in the UK to initiate its US go-to-market strategy.
Meet the Team
Introducing the two co-founders at the helm of 9fin: Steven Hunter, CEO, recently relocated to New York to spearhead the company’s US expansion efforts, while Huss El-Sheikh, CTO, continues to drive operations in the UK. With a shared vision and over a decade of friendship, Steven’s background studying law combined with Huss’s aerospace engineering degree provide a unique combination of skills that fuel the company’s growth.
Both have extensive experience working in investment banking, including at JP Morgan and Deutsche Bank, where they were frustrated with the lack of efficient, data-driven technologies to access the critical information they needed to effectively analyze investments.
The Current Market
At $124 trillion, debt is the world’s largest asset class and generates $65bn in fee revenue for investment banks — twice as much as M&A or equities. However, the market faces challenges such as outdated data sources, limited automation, and a lack of readily available price-sensitive information about privately owned issuers. This creates a fertile ground for disruptive innovation.
As finance professionals increasingly seek smarter tools to inform their investment decisions, financial market data spending has exceeded $37bn in 2022. In this dynamic landscape, 9fin has positioned itself at the forefront, ready to tackle the market head-on while continually enhancing its technological edge. Going forward, 9fin remains committed to investing in product development and leveraging new technologies like ChatGPT to accelerate its progress.
We’re excited to play a role in empowering this GameChanger as they take on established players and bring much-needed disruption to the area of debt capital markets.
