Dec 9, 2024, 6:31 AM
Dec 9, 2024, 6:31 AM

9fin promotes Kerry McClelland to CFO amid $50m funding controversy

Highlights
  • Kerry McClelland has been promoted from VP Finance to CFO of 9fin.
  • She played a crucial role in attracting $50 million in Series B funding led by Highland Europe.
  • 9fin's leadership team is evolving as it continues to expand in the debt capital markets sector.
Story

In December 2024, 9fin, a notable player in the debt capital markets, announced the promotion of Kerry McClelland to the position of Chief Financial Officer. This development came on the heels of her crucial role in facilitating the company's $50 million Series B funding round, which was led by Highland Europe. Kerry joined 9fin in June 2024, bringing extensive experience from the fitness technology sector where she previously served as CFO of Fiit, a B2B SaaS fitness app. Her timely actions in managing the funding process resulted in a swift turnaround, completing the capital raise within a mere three months. Under her guidance, 9fin aims to enhance its international finance function as it embarks on a phase of rapid growth. Kerry's enthusiasm for driving operational excellence was echoed in her statement expressing excitement about contributing to the company's continued development alongside the leadership team. Steven Hunter, CEO and Co-founder of 9fin, reinforced this sentiment by citing her success during the Series B round as a remarkable feat accomplished within her first months of employment. The promotion of Kerry McClelland is part of broader strategic efforts by 9fin to strengthen its leadership team amid significant growth. Over the course of the year, the company has also promoted Jen Speirs to Chief Operating Officer and appointed Moisés García as Chief Product Officer. These moves come following a successful year in which 9fin expanded its market coverage, doubled its revenue year-on-year, and even opened a new office in Belfast. As a cutting-edge data and analytics platform for debt capital markets, 9fin is positioning itself as an established player in the industry. The company's ongoing growth and the establishment of a robust Data Operations team is indicative of its commitment to maintaining high-quality information and sustaining its development trajectory in a competitive landscape. Kerry's new role will be critical in leading the finance team as it navigates future challenges and opportunities while building upon the success achieved thus far.

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