9fin Raises $170M to Accelerate AI in Credit Markets
9fin has secured $170 million in fresh funding, reaching a $1.3 billion valuation as it doubles down on AI-driven analytics for credit markets. The company is transforming how professionals access and analyze complex debt data, using artificial intelligence to streamline workflows and uncover insights faster. This positions 9fin at the center of a major shift toward data-led decision-making in institutional finance. The funding will support product expansion and global growth, particularly as demand rises for smarter tools in volatile credit environments. Investors are clearly backing platforms that combine deep financial expertise with cutting-edge AI capabilities. For fintech leaders, this signals that vertical AI—purpose-built for specific financial domains—is becoming a key competitive advantage. It also highlights how capital continues to flow into solutions that enhance transparency and efficiency in traditionally opaque markets.
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Insight of the Day
4 Payment KPIs That Reveal Where Revenue Is Actually Leaking
You probably track dozens of payment metrics. Dashboards full of charts. Weekly reports. PSP exports.
Yet when revenue dips, the real question is still hard to answer:
Where exactly is the leak?
Most payment teams are not short on data. The problem is that the data sits across PSP dashboards, acquirer reports, and scheme files that update on different schedules and use different definitions. Finding the real cause can take hours of manual work.
If you want payment metrics that actually connect to revenue, you should focus on these four KPIs.
1. Chargeback ratio
A spike in chargebacks rarely tells the whole story. The useful insight appears when you break it down.
For example, you might see:
- Acquirer A: 0.6% fraud chargebacks
- Acquirer B: 1.1% fraud chargebacks
That difference might point to a routing rule, issuer pattern, or regional issue tied to a specific acquirer.
2. VAMP ratio
The Visa Acquirer Monitoring Program tracks dispute and fraud levels tied to your activity.
If your VAMP ratio climbs quietly in one market, you could be heading toward monitoring thresholds, higher fees, or stricter controls. Merchants often discover this too late because the signal appears deep inside scheme reports.
3. Authorization rate
A small drop can quickly translate into lost revenue. Imagine your global authorization rate is 92%, but EU-issued cards routed through one acquirer approve at only 85%.
The problem is likely tied to that specific routing path. Some acquirers perform better with certain issuers or regions.
Missing authentication data or issuer-specific decline patterns can also hurt approvals.
The fix is usually operational: adjust routing rules, improve authorization data, or implement smart retries through a better-performing acquirer.
4. Decline rate
A decline rate tells you how many payments failed, but the useful insight comes from understanding why they failed.
Focus on signals like:
- Soft vs. hard declines
- Decline reason codes
- Recovery rates after retries
A spike in “Do Not Honor” responses might signal issuer friction within a single connection. This code is generic, but patterns usually reveal the issue.
For example, the same issuer may decline many payments through Acquirer A but approve them through Acquirer B. When you spot that pattern, you can change your routing rules so those transactions go through the stronger acquirer. You can also retry soft declines through a different connection. Many of these payments succeed on the second attempt, recovering revenue that would otherwise be lost.
When you track these KPIs in isolation, they behave like lagging reports.
When you slice them by acquirer, issuer, geography, and decline reason, they become more like diagnostic tools.
Instead of staring at a flat dashboard, you start seeing a map of where revenue is slipping through the cracks.
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🧠 Other
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