Cardano Development (CD) is an incubator and fund manager, established in 2007. CD develops financial services and products that enable access to affordable capital for companies in frontier markets. These products address currency, credit and liquidity risks. Through careful risk-management analysis in data-poor settings, CD identifies scalable solutions that can help to make frontier financial markets more investible and transparent to unlock lasting economic value. With over USD 5 billion assets and USD 1.2 billion capital under management, CD supports five scale-up funds, including TCX, GuarantCo, Frontclear, BIX Capital and AGRI3 and four start-ups, ILX, the Water Finance Facility, IMFact and NASASA with ongoing management services and corporate governance oversight. Cardano Development works with reputable partners including foundations, governments, impact investors, institutional investors and commercial partners.