BIND
BIND is the digital financial ecosystem of Banco Industrial S.A., an Argentine bank operating a Banking-as-a-Service platform that processes 340M+ transactions monthly and serves 14M+ individuals and 3,000+ companies across consumer, business, and fintech segments.
- Company typePrivate
- Founded1922
- HeadquartersBuenos Aires, Argentina
- Headcount501–1,000
- GTM typeB2B and B2C
- OfferingServices
What BIND does
BIND is the digital financial ecosystem of Banco Industrial S.A., a 100+ year-old Argentine private bank founded in 1922 and regulated by the BCRA under Law 21.526. The company positions itself as the first bank in Argentina to offer open APIs, operating a Banking-as-a-Service (BaaS) platform branded bindX that enables digital wallets, fintechs, telcos, retailers, and technology platforms to embed licensed banking services. The platform processes over 340 million transactions monthly at a 99.8% SLA — a level comparable to Brazil's PIX system — and underpins operations for more than 70% of Argentina's digital wallets including Mercado Pago, Personal Pay, and Prex, making BIND the #1 bank by transaction volume on the Coelsa network.
BIND's product portfolio spans consumer banking (BIND24 mobile app, Paquete Global, Estilo, Jubind, Zafiro private banking), business banking (Básico, Empresas, Agro, Digital, Cash, Comercio, Consorcio packages), and adjacent financial services (BIND Inversiones, BIND Garantías, BIND Seguros/Broker, BIND Leasing, BIND PSP, B_Collect). The bindX API layer exposes ECHEQ bimonetario management, BCollect collections, fraud mitigation, and IaaS for insurance. The group operates twelve wholly-owned subsidiaries including Credicuotas (B2C lending), Poincenot Tech Studio, Júbilo, and Natan.VC, serving 14M+ individuals and 3,000+ companies across Argentina.
Revenue is generated across six streams: interest income from loans and financing, transaction and processing fees, account maintenance fees, BaaS/API licensing, insurance brokerage, and investment product fees. Go-to-market is hybrid: 100% online digital onboarding for individuals and SMBs, paired with dedicated enterprise account officers and a national branch network for larger corporates. BIND is led by CEO Marcela Fernie (appointed 2024) and is recognized as a Top 6 Best Place to Work in Argentina by Great Place to Work.
BIND firmographics
Firmographics- Name
- BIND
- Legal name
- Banco Industrial S.A.
- Website
- https://bind.com.ar
- Company type
- Private
- Founded year
- 1922
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- BIND is the digital financial ecosystem of Banco Industrial S.A., an Argentine bank operating a Banking-as-a-Service platform that processes 340M+ transactions monthly and serves 14M+ individuals and 3,000+ companies across consumer, business, and fintech segments.
- Ownership category
- akta.pro rank
BIND industry classification
Industry- Product category
- Digital Banking & Banking-as-a-Service
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)
- SIC
- Savings Institution, Federally Chartered (6035), Finance Services (6199), Finance Lessors (6172)
- akta.pro primary industry
- Wallet Infrastructure (SDKs, Wallet-as-a-Service) (FSADACAD)
- akta.pro secondary industries
- Custodial Wallets & Hosted Accounts (exchange/fintech custody, omnibus wallets) (FSAPACAC), Customer Permissioning & Consent Management (OAuth, scopes, revocation) (FSAGACAC), Stored Value Ledger / Wallet Infrastructure (Non-Bank) (FSAMANAM), Compliance Identity & KYC/KYB for Wallets (on-chain identity, reusable KYC, travel rule tooling) (FSAPACAL)
Keywords
Where BIND is headquartered
LocationHeadquarters
- HQ city
- Buenos Aires
- HQ country
- Argentina
- HQ region
- Latin America
Offices1 record
Markets served
BIND business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales
Revenue model
- Interest Income: Traditional banking interest income from loans, financing, and credit products including personal loans, mortgage financing, leasing, and working capital loans.
- Transaction and Processing Fees: Fees from processing transactions for digital wallets and fintechs, ATM withdrawals, card transactions, and payment processing through B_Collect and QR systems.
- Account Maintenance Fees: Monthly maintenance fees for various packages including Global, Estilo, Zafiro, and business packages, with bonification periods for new customers.
- API and BaaS Services: Revenue from providing Banking-as-a-Service infrastructure to enterprises, fintechs, and digital platforms integrating financial services via APIs.
- Insurance Brokerage: Revenue from BIND Broker and insurance product distribution including home, auto, personal, and business insurance policies.
- Investment Products: Revenue from mutual funds management (Industrial Asset Management SGFCI), investment account management, and brokerage services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Paquete Global for individuals |
| Subscription | Monthly | Paquete Emprendedor |
| Subscription | Monthly | Paquete Comercio |
| Unit Pricing | Pay-as-you-go | Debit Card - Withdrawal Limits |
| Unit Pricing | Monthly | Debit Card Fees |
| Subscription | Monthly | BIND Leasing |
Go-to-market motion3 records
Distribution channels8 records
Marketing channels8 records
BIND product offering
Product offeringCore offering
BIND operates as Argentina's pioneer Banking-as-a-Service (BaaS) provider through the bindX open API platform, enabling fintechs, digital wallets, retailers, telcos, and technology platforms to embed banking services — including electronic check management (ECHEQ), digital collections (B_Collect), fraud mitigation APIs, and insurance APIs — into their own offerings. In parallel, BIND provides consumer and business digital banking through the BIND24 mobile app and web platform, offering accounts, payment cards, loans, investments, insurance, leasing, and guarantees under a unified financial ecosystem that serves 14M+ individuals and 3,000 companies.
Product overview
BIND is a comprehensive digital financial ecosystem for businesses, fintechs, and individuals, operating as the digital arm of Banco Industrial (100+ years in Argentina). The portfolio architecture centers on BIND24 mobile banking as the primary consumer interface, supported by bindX API platform for Banking-as-a-Service (BaaS) enabling embedded finance for partners. The ecosystem includes BIND Inversiones (investment platform), BIND Garantías (SGR financing), BIND Seguros/Broker (insurance), BIND Leasing (equipment financing), BIND PSP (payment services), and B_Collect (collections). Consumer packages span Paquete Global/Estilo for individuals, Jubind for retirees, Paquete Zafiro for private banking, and specialized packages for entrepreneurs and commerce. Business packages include Paquete Básico, Empresas, Agro, Digital, Cash, and Consorcio, each addressing specific industry needs. Supporting brands include Credicuotas (B2C lending), Júbilo (e-commerce), Poincenot Tech Studio (B2B fintech solutions), and Natan.VC (venture capital).
Differentiator
Problem solved
Functional benefit
Products and services
- BIND24 Mobile Banking Application
- bindX API Platform (Banking-as-a-Service)
- BIND Inversiones
- BIND Garantías
- BIND Seguros / BIND Broker
- BIND Leasing
- BIND PSP (Payment Service Provider)
- B_Collect (Digital Collections)
- Wallet as a Service (WaaS)
- ECHEQ Bimonetario
- API Totalizador (Fraud Mitigation)
- Credicuotas
- Júbilo
- Poincenot Tech Studio
- Natan.VC
Quantifiable outcome
- 340M+ transactions processed monthly with 99.8% SLA
- +3 more outcomes
Companies that use BIND
Customer profileNamed customers7 records
Segments5 records
Ideal customer profiles3 records
BIND technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
Feature5 records
BIND partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core, flagship and minor.
- Mercado PagocoreMajor digital wallet operator for which BIND processes financial operations. BIND processes transactions for Mercado Pago as part of its digital wallet infrastructure services, handling operations for over 70% of Argentina's digital wallets.
- Personal PaycoreDigital wallet provider using BIND's banking infrastructure for transaction processing within BIND's role processing over 70% of Argentina's digital wallet operations.
- PrexcoreDigital wallet company benefiting from BIND's banking infrastructure and processing capabilities for Argentina's digital wallet ecosystem.
- Aerolíneas ArgentinasflagshipBanking-as-a-Service client integrating financial services through BIND's open API platform. Part of BIND's enterprise client portfolio using embedded finance solutions.
- CencosudflagshipMajor retail client using BIND's Banking-as-a-Service infrastructure for embedded financial services. BaaS client integrating payment and collection solutions.
- NaturaflagshipRetail/cosmetics company integrating BIND's financial services infrastructure through Banking-as-a-Service platform for payment solutions.
- Poincenot Tech StudiocoreB2B fintech solutions provider and technology studio within the BIND ecosystem. Part of Grupo BIND's ecosystem of companies offering complementary technology services.
- JúbilominorE-commerce marketplace within the BIND ecosystem helping customers access products and experiences with better conditions.
- CredicuotascoreB2C fintech specializing in personal loans, operating as part of the BIND ecosystem. Provides consumer financing solutions integrated with BIND banking services.
- Mercantil AndinaflagshipInsurance company that transformed its operations in just 3 months using bindX platform. Case study reference for bindX implementation success.
Scale indicators6 records
Recent moves6 records
Expansion highlights6 records
BIND competitors and assessment
Company assessmentDirect peers
- Pomelo: Argentina-based Banking-as-a-Service provider offering card issuance, account infrastructure, and embedded finance APIs to fintechs and digital wallets across Latin America. Closest direct competitor to BIND's bindX platform in the local BaaS market.
- Naranja X: Argentine fintech and digital financial ecosystem serving millions of consumers with accounts, cards, loans, and merchant acquiring. Closely comparable to BIND's comprehensive retail financial services portfolio and digital wallet capabilities.
Emerging players
- Mercado Pago: Largest digital wallet in Argentina and a major BIND customer. Operates competing proprietary financial infrastructure and is itself a leading provider of consumer payments and credit, making it both a critical client and a structural competitor to BIND's wallet infrastructure.
- Ualá: Argentina-based neobank offering digital accounts, prepaid cards, and consumer credit. Competes with BIND's individual and BIND24 mobile banking segment while also being a potential BaaS client for embedded banking infrastructure.
- Prex: Uruguay-founded regional digital wallet and prepaid card provider operating in Argentina. Both a BIND customer benefiting from its wallet infrastructure and a comparable regional digital wallet player.
Broad incumbents
- Banco Galicia: One of Argentina's largest private banks with a strong digital platform (Móvil) and merchant acquiring arm. Competes with BIND across consumer banking, payments, and increasingly in BaaS/embedded finance offerings.
- Banco Santander Argentina: Subsidiary of Spanish banking group with significant retail and corporate presence in Argentina. Competes with BIND in consumer banking, business banking, and digital channels, with its own BaaS-adjacent offerings.
- BBVA Argentina: Major Argentine private bank owned by Spanish group BBVA, with strong digital banking infrastructure. Comparable to BIND in traditional banking products and increasingly in digital/embedded finance capabilities.
- dLocal: Uruguay-based payments platform specializing in emerging market cross-border payment processing. Comparable to BIND in payment processing infrastructure and emerging market LatAm focus, though with broader geographic reach.
- Banco Inter: Brazilian digital bank offering BaaS, super-app, and embedded financial services through its platform. Useful comparable for understanding the BaaS and digital banking trajectory in the broader Latin American market.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key highlights7 records
Customer concentration
BIND social profiles
Digital presenceBIND compliance and trust
Trust signalCompliance5 records
BIND financial estimates
Financial estimateRevenue estimate
Valuation estimate
BIND leadership team
Management profileNumber of profiles
Profiles1 record
BIND subsidiaries and ownership
Company hierarchySubsidiaries12 records
BIND funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
BIND M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about BIND
What does BIND do?
BIND operates as Argentina's pioneer Banking-as-a-Service (BaaS) provider through the bindX open API platform, enabling fintechs, digital wallets, retailers, telcos, and technology platforms to embed banking services — including electronic check management (ECHEQ), digital collections (B_Collect), fraud mitigation APIs, and insurance APIs — into their own offerings. In parallel, BIND provides consumer and business digital banking through the BIND24 mobile app and web platform, offering accounts, payment cards, loans, investments, insurance, leasing, and guarantees under a unified financial ecosystem that serves 14M+ individuals and 3,000 companies.
Is BIND a public or private company?
BIND is a private company. It is classified as unknown and is currently operating.
When was BIND founded?
BIND was founded in 1922. It employs 501 to 1,000 people.
Where is BIND based?
BIND is headquartered in Buenos Aires, Argentina, in the Latin America region.
How does BIND make money?
Six revenue lines are on record. Interest Income is the primary driver. The others are transaction and Processing Fees, account Maintenance Fees, API and BaaS Services, insurance Brokerage and investment Products.
Who are BIND's main competitors?
Direct peers on record are Pomelo and Naranja X. Emerging players are Mercado Pago, Ualá and Prex. Broad incumbents are Banco Galicia, Banco Santander Argentina, BBVA Argentina, dLocal and Banco Inter.
Does BIND have an API?
Yes. BIND offers APIs through bindX platform for financial services integration including: Gestion Integral de ECHEQ Bimonetario (electronic check management), BCollect (collections/receipts), API Totalizador (fraud risk mitigation), and IaaS for insurance quote/issuance/management. The API Store is available at developers.bindx.com. First bank in Argentine financial system to offer open APIs, enabling Banking-as-a-Service (BaaS) model for digital wallets, fintechs, retailers, and platforms to embed financial services. Developer documentation is at developers.bindx.com.
What industry is BIND in?
BIND's product category is Digital Banking & Banking-as-a-Service. Its primary akta.pro industry code is FSADACAD, Wallet Infrastructure (SDKs, Wallet-as-a-Service), with a secondary code of FSAPACAC, Custodial Wallets & Hosted Accounts (exchange/fintech custody, omnibus wallets). Its NAICS code is 522320 and its SIC code is 6035.