Credit Guarantee Fund
Credit Guarantee Fund (FGC) is Brazil's private, non-profit deposit insurance fund, established in 1995. It guarantees individual and corporate deposits and investments up to R$250,000 per institution, funded by mandatory monthly contributions from associated financial institutions.
- Company typePrivate
- Founded1995
- HeadquartersSão Paulo, Brazil
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Credit Guarantee Fund does
Fundo Garantidor de Créditos (FGC) is a private, non-profit association established in 1995 under Brazilian National Financial System (SFN) rules by authorization of the Conselho Monetário Nacional (CMN). It functions as Brazil's mandatory deposit insurance fund, guaranteeing deposits and investments held at financial institutions authorized by the Banco Central do Brasil — covering checking accounts, savings, time deposits (CDB/RDB), LCI, LCD, LCA, and LH — up to R$250,000 per CPF/CNPJ per institution, with an aggregate ceiling of R$1 million per CPF/CNPJ over any rolling four-year period. A higher-coverage product, the Depósito a Prazo com Garantia Especial (DPGE), extends ordinary guarantees up to R$40 million per eligible investor. FGC does not pursue commercial revenue; it is funded by mandatory monthly contributions from all associated financial institutions, computed at 0.01% per month of eligible guaranteed instruments, plus 0.03% / 0.02% monthly for DPGE I/II instruments.
The fund's core technology stack comprises three integrated components: (1) an iOS/Android mobile application launched in 2020 that enables individual creditors (Pessoa Física) to file guarantee claims, complete biometric identity verification, sign electronic subrogation, and receive payouts within two business days; (2) a web-based Investor Portal at portal-investidor.fgc.org.br for legal-entity (Pessoa Jurídica) creditors to submit and track claims; and (3) a Monthly Census Reporting System that ingests standardized FGC300/FGC301/FGC405 reporting from member institutions to calculate the contribution base. The operational claim is two-business-day turnaround after receiving liquidator creditor data, an efficiency benchmark FGC publicly highlights.
FGC serves three primary customer segments: individual depositors/investors (Pessoa Física), corporate depositors/investors (Pessoa Jurídica), and associated financial institutions subject to mandatory participation. The customer base has been acutely activated by the simultaneous liquidations of Banco Master, Banco Pleno, and Will Financeira (Will Bank) — events that have driven ~800,000 creditors into the claims queue and are estimated to deliver payouts of R$40.6-55 billion. Governance is exercised through an independent General Assembly, Board of Directors, and Executive Board whose members must be independent of member institutions and approved by Banco Central do Brasil.
Credit Guarantee Fund firmographics
Firmographics- Name
- Credit Guarantee Fund
- Legal name
- Fundo Garantidor de Créditos
- Website
- https://fgc.org.br
- Company type
- Private
- Founded year
- 1995
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Credit Guarantee Fund (FGC) is Brazil's private, non-profit deposit insurance fund, established in 1995. It guarantees individual and corporate deposits and investments up to R$250,000 per institution, funded by mandatory monthly contributions from associated financial institutions.
- Ownership category
- akta.pro rank
Where Credit Guarantee Fund is headquartered
LocationHeadquarters
- HQ city
- São Paulo
- HQ country
- Brazil
- HQ region
- Latin America
Offices1 record
Markets served
Credit Guarantee Fund business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Technology or R&D, Marketing or Sales
Revenue model
- Ordinary Contributions: Monthly contributions from associated financial institutions calculated as 0.01% of total eligible deposits and financial instruments covered by FGC guarantee. Contributions are proportional to the amount of guaranteed instruments each institution holds.
- DPGE Contributions: Special deposits with additional guarantee coverage: 0.03% monthly for DPGE I (without receivables alienation) and 0.02% monthly for DPGE II (with receivables alienation)
- Extraordinary Contributions: Additional contributions may be collected when the fund needs to address exceptional circumstances, as approved by the CMN
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | No cost to depositors/investors - coverage funded by financial institution contributions |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels4 records
Credit Guarantee Fund product offering
Product offeringCore offering
FGC operates as Brazil's private deposit insurance fund, providing guarantee coverage for deposits and financial instruments held by individuals and legal entities in associated financial institutions. It guarantees up to R$250,000 per CPF/CNPJ per institution (with a ceiling of R$1 million over any 4-year period) and processes guarantee payments when financial institutions are liquidated or intervened upon by the Banco Central do Brasil. The fund is maintained through mandatory monthly contributions from all associated financial institutions.
Product overview
FGC (Fundo Garantidor de Créditos) is Brazil's private deposit insurance fund, established in 1995 as part of the National Financial System. The organization offers a unified guarantee service protecting depositors and investors up to R$250,000 per person per institution, delivered through its mobile app for individuals and web portal for businesses. The FGC also manages a Special Guarantee (DPGE) product offering higher coverage up to R$40 million for eligible time deposits.
Differentiator
Problem solved
Functional benefit
Products and services
- FGC Guarantee Payment Service
Quantifiable outcome
- Guarantee payment within 2 business days after creditor completes request via mobile app
- +2 more outcomes
Companies that use Credit Guarantee Fund
Customer profileNamed customers6 records
Segments3 records
Ideal customer profiles3 records
Credit Guarantee Fund technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Credit Guarantee Fund partnerships and signals
Strategic signalPartnerships
13 partnerships are on record, tiered core and minor.
- Banco Central do BrasilcoreCooperation agreement with CVM (Comissão de Valores Mobiliários) for information exchange and financial education material production.
- Banco Central do BrasilcoreTechnical cooperation agreement for exchange of information and collaboration on financial system stability matters. The Central Bank authorizes and supervises FGC operations and all associated financial institutions.
- IADI (International Association of Deposit Insurers)coreFounding member; FGC holds presidency of IADI's Latin America Regional Committee (CRAL) and vice-presidency of the Policy Committee of the Executive Committee since 2024.
- FGV (Fundação Getúlio Vargas)minorAnnual financial system seminar organized in partnership; academic research support and conference sponsorship.
- Febraban (Federação Brasileira de Bancos)minorContent production partnership for social media and financial education campaigns.
- Anbima (Associação Brasileira das Entidades dos Mercados Financeiro e de Capitais)minorContent production for Anbima Edu platform and joint social media content.
- CNF (Confederação Nacional das Instituições Financeiras)minorFGC became member in 2023 to strengthen industry relationships.
- ABBC (Associação Brasileira dos Bancos Comerciais)minorWebinars and educational content for member banks.
- Acrefi (Associação dos Credores Imobiliários)minorMeetings and information exchange with real estate credit creditors.
- SEDESA (Argentina)minorTechnical cooperation agreement with Argentina's deposit guarantee fund signed in 2016.
- COPAB (Uruguay)minorTechnical cooperation agreement with Uruguay's deposit guarantee fund signed in 2016.
- Fogafin (Colombia)minorTechnical cooperation agreement signed in 2020.
- FGD (Spain)minorTechnical cooperation agreement signed in 2021.
Scale indicators7 records
Recent moves12 records
Expansion highlights5 records
Credit Guarantee Fund competitors and assessment
Company assessmentMarket position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Credit Guarantee Fund social profiles
Digital presenceCredit Guarantee Fund financial estimates
Financial estimateRevenue estimate
Valuation estimate
Credit Guarantee Fund leadership team
Management profileNumber of profiles
Profiles11 records
Credit Guarantee Fund funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Credit Guarantee Fund M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Credit Guarantee Fund
What does Credit Guarantee Fund do?
FGC operates as Brazil's private deposit insurance fund, providing guarantee coverage for deposits and financial instruments held by individuals and legal entities in associated financial institutions. It guarantees up to R$250,000 per CPF/CNPJ per institution (with a ceiling of R$1 million over any 4-year period) and processes guarantee payments when financial institutions are liquidated or intervened upon by the Banco Central do Brasil. The fund is maintained through mandatory monthly contributions from all associated financial institutions.
Is Credit Guarantee Fund a public or private company?
Credit Guarantee Fund is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Credit Guarantee Fund founded?
Credit Guarantee Fund was founded in 1995. It employs 11 to 50 people.
Where is Credit Guarantee Fund based?
Credit Guarantee Fund is headquartered in São Paulo, Brazil, in the Latin America region.
How does Credit Guarantee Fund make money?
Three revenue lines are on record. Ordinary Contributions are the primary driver. The others are DPGE Contributions and extraordinary Contributions.
Does Credit Guarantee Fund have an API?
No public API is recorded for Credit Guarantee Fund.