9fin

British Business Bank has invested $20 million into 9fin as part of a $170 million Series C funding round, propelling the London-based firm to unicorn status and reinforcing the UK’s position as a global fintech hub.

Summary of transaction details:

• Value: $170 million
• Sector: Fintech
• Advisor: Redalpine
• Key Entities: 9fin, HarbourVest, British Business Bank
• Location: London, UK

Note: The investment marks another milestone for the British Business Bank’s equity programmes, which have now supported 27 UK unicorns, representing around 64 per cent of the country’s current billion-dollar startups.