Founder of London-based company predicts winning research company could generate $1bn a year in revenue
9fin, a fast-growing information provider to corporate credit investors, has raised $50mn in financing as it battles for dominance in the market for debt research. Highland Europe, a prominent growth capital investor, is to lead the 9fin series B round that is to be formally announced on Monday.
“People are looking for a debtlike return for a pool of capital,” Hunter said, adding that the largest incumbent data providers were still focused on stock market investors. “I think about where clients make money, what are the most important parts of financial markets in the world, it’s debt,” he said. 9fin has nearly 250 employees, the majority in London and Belfast, and is expected to turn cash flow positive next year.
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