AI-powered analytics platform 9fin has acquired premier intelligence and data provider Bond Radar.
The FinTech, which specialises in working with the international bond and loan markets, enhances 9fin’s offering with Bond Radar’s deep historical data and broad market reach, particularly within investment grade debt and emerging markets.
9fin, which is also based in London, currently covers Europe and the US across high yield bonds, leveraged loans, distressed debt, CLOs, private credit and asset-based finance.
With this acquisition, it will accelerate its expansion into new markets, including investment grade debt and asset-based finance, and expand its geographic reach into key emerging markets like Asia and Latin America.
“This acquisition is a step towards our ambitious vision of being the number one provider of debt market intelligence,” said Steven Hunter, CEO and co-founder of 9fin.
“By integrating Bond Radar’s market reach, client relationships and valuable historical transaction data, we are solidifying our position as the one-stop shop for debt market professionals, providing them with the comprehensive tools and insights they need to navigate today’s increasingly complex financial landscape.”
Gregor Davis, director of Bond Radar, added: “For two decades, Bond Radar has been recognised for its highly accurate, detailed and timely intelligence on the global primary debt issuance markets.
“I am confident that integrating with 9fin’s platform will significantly extend our capacity to deliver our specialist coverage to a broader client base within the debt markets.”
This acquisition follows 9fin’s rapid growth across the US and Europe, with the company more than doubling its revenue year-over-year, expanding its market coverage and growing its headcount.
Last December, the FinTech raised £40m in a Series B round led by Highland Europe.
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