Frontclear, led by CEO Philip Buyskes, is an Amsterdam-based financial markets development company focused on catalyzing stable and inclusive interbank markets in emerging and developing countries. It facilitates access for local financial institutions to interbank markets by providing credit guarantees that cover a transacting institution’s counterparty credit risk, on the condition local currency assets can be used for collateral management. Its Basel III compliant guarantees specifically cover due payment of the Early Termination Amount under ISDA contracts and corresponding claims under GMRA. Those guarantees are counter-guaranteed by KfW and are complemented by a technical assistance programme (FTAP) that supports targeted interventions in bank and system development to reduce operational and country risks. Frontclear is funded by European governments and development finance institutions including BMZ, DFID, FSDA, EBRD, Proparco and TCX. The company intends to use newly received funds to begin scaling operations and deliver on the projected growth path of its financial guarantee portfolio.

Total raised

$30M

Funding rounds

1

Latest round

Equity

Latest activity

Feb 2017