Summary description
-
Fixed income data is difficult to search, filter and analyse
-
9fin monitors data resources in real time; uses AI/ML to extract and standardise metrics from documents and then seamlessly integrates the information into daily workflows, with tailored alerts
-
Technology can be applied to any financial document in the world
-
Insights particularly valuable in private markets (private credit, high yield) where data is hard to assemble and standardise
Opportunity investment thesis
-
Despite broad range of primary information available on bond markets (Bloomberg, IHS Markit, etc.), information supporting private markets (especially secondary) such as high yield and credit is often opaque
-
Opportunity to add value in move from human capital intensive outsource approaches to AI assisted automation
-
Value of faster, more accurate workflow integrated insights is far higher to the trader than the cost of the service (and likely to be cheaper than manual outsourced alternative)
-
High yield provides significant sized ‘landing’ target market, with private credit market many times bigger to evolve towards
-
Data and insights once honed are globally transferrable