9fin has raised US$170 million in a Series C funding round, valuing the company at US$1.3 billion.

The round was led by HarbourVest, with participation from CPP Investments, Highland Europe, Spark Capital, Redalpine, and Seedcamp.

Debt capital markets, estimated at US$145 trillion, underpin corporate financing, government funding, and acquisitions.

However, market participants often rely on fragmented data and manual processes, despite increasing complexity and interconnectedness across credit markets.

The funding comes amid structural shifts in credit, where distinctions between private credit, leveraged finance, and restructuring are becoming less defined.

At the same time, macroeconomic volatility has increased the need for timely and accurate information.

Advances in AI are also influencing how data is processed and used in financial decision-making.

Proceeds from the funding will be used to expand AI integration within its platform and to develop its proprietary data capabilities.

The company also plans to grow its presence in the United States, which it identified as its fastest-growing market.

9fin provides a platform that combines proprietary data, analytics, and AI tools to support credit market participants.

Its functions include analysing legal documents, identifying credit-related developments, and tracking market activity in real time.

The company said more than 300 firms, including law firms, banks, asset managers, and advisory firms, use its platform. CPP Investments, initially a client, later joined as an investor.

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