Credit Guarantee Fund

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.

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

Headquarters

HQ city

São Paulo

HQ country

Brazil

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. 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.
2. 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)
3. Extraordinary Contributions: Additional contributions may be collected when the fund needs to address exceptional circumstances, as approved by the CMN

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core 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

Named customers6 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

Feature3 records

Partnerships

13 partnerships are on record, tiered core and minor.

• Banco Central do BrasilcoreStrategic or Co-development Partner · 1 January 2021Cooperation agreement with CVM (Comissão de Valores Mobiliários) for information exchange and financial education material production.
• Banco Central do BrasilcoreStrategic or Co-development Partner · 1 January 2019Technical 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)coreStrategic or Co-development PartnerFounding 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)minorStrategic or Co-development PartnerAnnual financial system seminar organized in partnership; academic research support and conference sponsorship.
• Febraban (Federação Brasileira de Bancos)minorGTM or Marketing PartnerContent production partnership for social media and financial education campaigns.
• Anbima (Associação Brasileira das Entidades dos Mercados Financeiro e de Capitais)minorGTM or Marketing PartnerContent production for Anbima Edu platform and joint social media content.
• CNF (Confederação Nacional das Instituições Financeiras)minorGTM or Marketing PartnerFGC became member in 2023 to strengthen industry relationships.
• ABBC (Associação Brasileira dos Bancos Comerciais)minorGTM or Marketing PartnerWebinars and educational content for member banks.
• Acrefi (Associação dos Credores Imobiliários)minorGTM or Marketing PartnerMeetings and information exchange with real estate credit creditors.
• SEDESA (Argentina)minorStrategic or Co-development PartnerTechnical cooperation agreement with Argentina's deposit guarantee fund signed in 2016.
• COPAB (Uruguay)minorStrategic or Co-development PartnerTechnical cooperation agreement with Uruguay's deposit guarantee fund signed in 2016.
• Fogafin (Colombia)minorStrategic or Co-development PartnerTechnical cooperation agreement signed in 2020.
• FGD (Spain)minorStrategic or Co-development PartnerTechnical cooperation agreement signed in 2021.

Scale indicators7 records

Recent moves12 records

Expansion highlights5 records

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@fgc-fundo-garantidor-de-cr7654
• Facebookfacebook.com/fundogarantidordecreditos
• LinkedInlinkedin.com/company/fundo-garantidor
• Instagraminstagram.com/fgc_fgc
• Xx.com/fgc_br

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds

Investors

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

M&A

Investments1 record

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

Frequently asked questions about Credit Guarantee Fund