What GuarantCo does

GuarantCo, established in 2005 and registered as a Mauritian limited liability company, is the dedicated credit guarantee vehicle of the Private Infrastructure Development Group (PIDG), a multi-donor infrastructure organization funded by the governments of the United Kingdom, Switzerland, Australia, Sweden, Netherlands, France, and Global Affairs Canada. Operational headquarters are in London with regional headquarters in Nairobi (Africa) and Singapore (Asia) and a registered office in Ebene, Mauritius. The company issues partial credit guarantees, portfolio guarantees, payment default guarantees, liquidity extension guarantees, EPC guarantees, and framework guarantees covering USD 5 million to USD 50 million per transaction, typically capped at 50% of total project debt with maximum tenor of 20 years. Its customer base comprises commercial banks (CRDB, Axis, Standard Chartered, EVNFinance, NBI), infrastructure developers (BECIS, Robust International), corporates (Cellcard, Runner Automobiles, KPI Green Energy, Triasmitra, Acorn Holdings), and government utilities (Senelec), with a track record of 258 projects supported to financial close and USD 7.1 billion of investment enabled since inception.

GuarantCo's guarantee mechanism works by absorbing a defined slice of credit risk on local-currency infrastructure debt, thereby lowering the perceived risk for private lenders and institutional investors and enabling local currency financing in markets where it would otherwise be unavailable or expensive. The company holds AA- from Fitch and A1 from Moody's at the international level and AAA(idn) on the Indonesian national scale, which allows it to leverage donor equity approximately three times through blended finance. Its technology stack for reinsurance and policy administration is built on the SICS Reinsurance Platform and DXC Assure Reinsurance Platform provided by DXC Technology, supporting policy administration, claims processing, and regulatory-compliant reinsurance lifecycle management as transaction volumes grow.

Revenue is generated through transaction-specific guarantee fees on multi-year contracts, with pricing negotiated per deal based on counterparty, risk profile, and market conditions; financial figures are not publicly disclosed. Go-to-market combines direct enterprise engagement with project sponsors alongside channel partnerships with regional banks and institutional investors (Manulife, M&G, Prudential, Generali, AIA), and the company actively develops first-of-kind structured products such as sustainability-linked securitisations and externally credit-enhanced green bonds in jurisdictions including Senegal, Kenya, Cambodia, India, and Indonesia.

Name

GuarantCo

Legal name

GuarantCo Limited

Website

https://guarantco.com

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

51–100 employees

Short description

GuarantCo is a credit guarantee institution within the Private Infrastructure Development Group that issues partial credit, portfolio, and payment default guarantees to mobilize local-currency private investment for sustainable infrastructure projects in lower-income countries of Africa and Asia.

Ownership category

akta.pro rank

Product category

Development Finance and Credit Guarantee Services

NAICS

Credit Intermediation and Related Activities (522)

SIC

Finance Services (6199)

akta.pro primary industry

Private Credit & Loan Tokenization Platforms (FSADAEAD)

Keywords

• Credit guarantee services
• Infrastructure development financing
• Local currency financing
• Blended finance solutions
• Emerging market finance

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Credit Guarantee Fees: GuarantCo provides credit enhancement through partial credit guarantees, portfolio guarantees, payment default guarantees, and liquidity extension guarantees. Revenue is generated through guarantee fees charged to counterparties (banks, financial institutions, project sponsors) seeking to de-risk transactions and attract private capital. Coverage per transaction ranges from USD 5 million to USD 50 million, typically not exceeding 50% of total project debt.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels3 records

Core offering

GuarantCo provides local currency credit guarantee solutions that mobilize private sector investment for sustainable infrastructure projects in lower-income countries across Africa and Asia. The company offers partial credit guarantees, portfolio guarantees, payment default guarantees, liquidity extension guarantees, EPC guarantees, and framework guarantees, with transaction coverage ranging from USD 5 million to USD 50 million (or equivalent in local currency) and tenors up to 20 years. Since 2005, it has enabled USD 7.1 billion of total investment and supported 258 infrastructure projects to financial close.

Product overview

GuarantCo operates as a credit guarantee company and part of the Private Infrastructure Development Group (PIDG), providing local currency credit solutions to mobilize private sector investment for sustainable infrastructure in lower income countries across Africa and Asia. The core product is GuarantCo's guarantee solutions, which include partial credit guarantees, portfolio guarantees, liquidity extension guarantees, EPC guarantees, and framework guarantees. These guarantees are structured to cover between USD 5 million to USD 50 million per transaction, typically not exceeding 50% of total project debt, with tenors up to 20 years. The company specializes in supporting infrastructure projects across sectors including power/energy, water/sanitation, transportation, digital communications, gas, agriculture, and social infrastructure. Notable recent transactions include the CRDB Bank Tanzania USD 100 million portfolio guarantee, BECIS India solar financing, Senelec sustainability-linked securitisation in Senegal, and various green bond support programmes. GuarantCo is rated AA- by Fitch and A1 by Moody's and has enabled USD 7.1 billion of total investment since 2005.

Differentiator

Problem solved

Functional benefit

Products and services

• GuarantCo Credit Guarantee Solutions Comprehensive local currency credit guarantee solutions designed to mobilize private sector investment for sustainable infrastructure projects in lower-income countries across Africa and Asia. Includes partial credit guarantees, portfolio guarantees, payment default guarantees, liquidity extension guarantees, EPC guarantees, and framework guarantees.
• Partial Credit Guarantees Guarantees covering a portion of credit risk on project or corporate debt, typically not exceeding 50% of total debt, enabling local currency financing for infrastructure development. Available for senior and subordinated debt but not equity.
• Portfolio Guarantees Guarantees covering a portfolio of loans or exposures, providing capital relief to financial institutions to support new eligible sustainable infrastructure projects. Notable examples include the USD 100 million portfolio guarantee for CRDB Bank in Tanzania.
• Liquidity Extension Guarantees Guarantees that extend liquidity facilities to support project financing and working capital needs in local currency, helping infrastructure developers manage cash flow and refinancing risk.
• EPC Guarantees Engineering, Procurement, and Construction guarantees supporting infrastructure project delivery and contractor obligations during the construction phase of infrastructure projects.
• Framework Guarantees Multi-transaction guarantee arrangements providing ongoing credit enhancement capacity for recurring financing needs, enabling counterparties to access guarantee support across multiple transactions under a single framework.
• Payment Default Guarantees Credit guarantees that cover payment default risk on loan facilities and bond issuances, enabling borrowers and issuers in emerging markets to access institutional capital. Used in transactions such as the USD 50 million Senelec guarantee in Senegal and the 50% guarantee covering INR 2.6 billion Axis Bank facilities for BECIS solar projects in India.
• Sustainability-Linked Securitisation Support Credit guarantees for sustainability-linked bonds and securitisations that tie financing terms to ESG performance metrics, supporting first-of-kind green bond issuances in emerging markets. Includes dual-labelled bonds conforming to ICMA Green Bond Principles and sustainability-linked bond standards.

Quantifiable outcome

• USD 7.1 billion total investment enabled since 2005
• +4 more outcomes

Named customers13 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

18 partnerships are on record, tiered core and major.

• Axis BankcoreChannel Partner/ Reseller/ Distributor · 1 June 2026Axis Bank, one of India's largest private sector banks with 6,275 branches, provides INR 2.6 billion (USD 31 million) loan facilities backed by GuarantCo's 50% partial payment default guarantee for BECIS solar projects (up to 60 MW capacity). GuarantCo played leading role in arranging and structuring the transaction.
• BECIS (BE Onsite Solar Energy Pvt Limited)coreStrategic or Co-development Partner · 1 June 2026India operating company of BECIS, a leading Energy-as-a-Service provider, receiving financing for up to 60 MW of solar capacity across India through Axis Bank facilities supported by GuarantCo guarantee. BECIS serves diversified C&I solar customers including leading domestic corporates and multinationals.
• CRDB BankcoreChannel Partner/ Reseller/ Distributor · 1 May 2026USD 100 million portfolio guarantee for CRDB Bank in Tanzania - GuarantCo's largest transaction to date. This is a five-year extension of existing facility guaranteed in 2020, supporting sustainable infrastructure loan portfolio with over a third in agriculture sector. CRDB Bank is one of Tanzania's leading commercial banks serving over 6 million customers across Tanzania, Burundi, DRC, and Dubai.
• PT Ketrosden Triasmitra Tbk (Triasmitra)coreStrategic or Co-development Partner · 1 May 2026Indonesian listed telecommunications infrastructure company receiving up to USD 42 million in payment guarantees for bonds financing submarine fiber optic cable network (2,641 km) connecting Indonesian islands, benefiting approximately 5.3 million people.
• Indo Premier SekuritasmajorChannel Partner/ Reseller/ Distributor · 1 May 2026Lead syndicate bookrunner for Triasmitra bond issuance, structuring the first guaranteed amortizing bonds in Indonesia with 10-year tenor for digital infrastructure.
• DXC TechnologycoreTechnology or Integration · 8 February 2026DXC Technology selected as reinsurance software provider, implementing SICS and DXC Assure Reinsurance platforms for reinsurance management operations. Partnership supports GuarantCo's aggressive growth priorities by providing scalable, cloud-enabled platforms to handle increasing reinsurance complexity and regulatory requirements. DXC serves over 120 reinsurance customers globally, with over 25 in Middle East and Africa region.
• Robust International Pte LtdmajorStrategic or Co-development Partner · 1 February 2026Company receiving 100% guarantee supporting USD 75 million debt facility for cashew nut processing plant in Ogun State, Nigeria. Plant will more than double processing capacity from 100 MT to 220 MT per day, sourcing from approximately 10,000 smallholder farmers.
• National Bank of Iraq (NBI)coreChannel Partner/ Reseller/ Distributor · 1 November 2025Portfolio guarantee marking GuarantCo's entry into Iraq's banking sector, supporting climate-focused and sustainable lending in green, manufacturing, and agriculture sectors for economic diversification and stability.
• Senelec (Société Nationale d'Electricité du Sénégal)coreStrategic or Co-development Partner · 1 January 2025National power utility of Senegal, sponsor of first-ever sustainability-linked securitization in Africa (USD 213 million) with GuarantCo providing USD 50 million payment default guarantee. Proceeds finance nine new renewable energy projects enabling reliable energy access for 1.8 million users and avoiding 853k tCO2e annually.
• BOAD TitrisationmajorChannel Partner/ Reseller/ Distributor · 1 January 2025Banque Ouest Africaine de Développement subsidiary, arranger and manager of the Senelec sustainability-linked securitisation transaction. Structured as first double-labelled bond issuance in Africa.
• SymbioticsmajorStrategic or Co-development Partner · 1 January 2025Investment manager arranging vehicle in Luxembourg for Senelec bond, taking benefit of GuarantCo guarantee and issuing guaranteed bond that was fully subscribed by M&G Investments.
• CamGSM PLC (Cellcard)majorStrategic or Co-development Partner · 1 January 2024Cambodian telecommunications provider receiving USD 70 million guarantee supporting sustainable bond and loan for energy-efficient telecom infrastructure. Bond fully subscribed by Manulife and Prudential Cambodia, with Deutsche Bank Singapore providing loan financing.
• Standard Chartered BankcoreStrategic or Co-development Partner · 1 December 2023MOU signed at COP28 for climate-focused framework in Vietnam. Standard Chartered to mobilize USD 200-300 million financing by leveraging GuarantCo's USD 150 million (VND equivalent) guarantee capacity. Framework focuses on climate change, mitigation, energy transition, adaptation and resilience.
• Runner Automobiles LimitedmajorStrategic or Co-development Partner · 1 January 2023Bangladeshi company receiving BDT 2.67 billion (USD 27 million) guarantee for Bangladesh's first internationally certified sustainability bond, financing low-emission tricycles and solar rooftop systems. Green Delta Capital served as Lead Arranger.
• EVNFinancemajorStrategic or Co-development Partner · 1 January 2022Non-bank financial institution in Vietnam receiving VND 1,150 billion (USD 50 million) partial credit guarantee for Vietnam's first internationally verified green bond (total USD 75 million), financing rooftop solar projects. Transaction involved Vietcombank Securities (VCBS) as lead arranger and Manulife and AIA as investors.
• Global Green Growth Institute (GGGI)majorStrategic or Co-development Partner · 1 January 2022Inter-governmental international development agency providing technical assistance to EVNFinance for structuring the green bond and assisting in third-party verification of Green Bond Framework, financed by governments of Vietnam and Luxembourg.
• PIDG (Private Infrastructure Development Group)coreStrategic or Co-development PartnerGuarantCo is the guarantee solution within PIDG, an innovative infrastructure project developer and investor mobilizing private investment in sustainable and inclusive infrastructure in sub-Saharan Africa and south/southeast Asia. PIDG is funded by governments of UK, Netherlands, Switzerland, Australia, Sweden, and Global Affairs Canada.
• Cardano DevelopmentcoreStrategic or Co-development PartnerGuarantCo's activities are managed by GuarantCo Management Company which is part of Cardano Development.

Scale indicators7 records

Recent moves6 records

Expansion highlights7 records

Direct peers

• British International Investment (BII): BII is the UK's development finance institution, providing direct investment, debt, and credit enhancement to businesses in Africa and South Asia. It co-invested with GuarantCo on the $100M Etana Energy default guarantee (June 2025) and operates in identical geographies and product categories.
• FMO (Dutch Entrepreneurial Development Bank): FMO is the Netherlands' development bank, providing loans, equity, and credit guarantees to private sector projects in emerging markets. It shares GuarantCo's mandate of mobilizing private capital into lower-income countries and is a peer PIDG-adjacent institution.
• EBRD (European Bank for Reconstruction and Development): EBRD provides project financing, loans, equity, and guarantees to support private sector development across emerging economies, including significant infrastructure and renewable energy work in lower-income countries comparable to GuarantCo's target markets.
• DEG (Deutsche Investitions- und Entwicklungsgesellschaft): DEG is the German development finance institution, part of KfW, providing long-term financing and credit enhancement to private enterprises in emerging markets. It is a direct peer in mandate and product mix to GuarantCo.
• Symbiotics: Symbiotics is a Swiss impact-focused investment company that arranges vehicles and structures emerging market credit, including local currency bond issuances. It directly collaborated with GuarantCo on the award-winning Senelec sustainability-linked securitization in Senegal.
• Proparco: Proparco is the French development finance institution (subsidiary of AFD) that finances private sector projects in developing countries via loans, equity, and guarantees. It is a directly comparable bilateral DFI in the same geographies as GuarantCo.
• MIGA (Multilateral Investment Guarantee Agency): MIGA is the World Bank Group's political risk insurance and credit enhancement agency, providing guarantees to private investors and lenders in developing countries. Like GuarantCo, MIGA's core product is credit and political risk guarantees to mobilize private capital for emerging market infrastructure.

Broad incumbents

• Asian Development Bank (ADB): ADB is a multilateral development bank providing loans, grants, guarantees, and technical assistance for infrastructure in Asia-Pacific. It is a broad incumbent with overlapping capability in infrastructure credit enhancement across GuarantCo's key Asian markets (India, Vietnam, Indonesia, Bangladesh).
• African Development Bank (AfDB): AfDB is a multilateral development bank providing financing and credit enhancement for infrastructure and private sector development across Africa. It is a broad incumbent peer in GuarantCo's African geographies (Tanzania, Senegal, Kenya, Nigeria).
• IFC (International Finance Corporation): IFC is the World Bank Group's private sector arm, offering loans, equity, and credit enhancement across emerging markets. It is a much larger broad incumbent DFI with overlapping capability in credit enhancement and infrastructure, but operates a far wider portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/GuarantCo
• LinkedInlinkedin.com/company/guarantco

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments42 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about GuarantCo