BIND

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.

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

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

• Banking-as-a-service
• Open banking APIs
• Embedded finance platform
• Digital banking services
• Payment processing infrastructure

Headquarters

HQ city

Buenos Aires

HQ country

Argentina

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income: Traditional banking interest income from loans, financing, and credit products including personal loans, mortgage financing, leasing, and working capital loans.
2. 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.
3. Account Maintenance Fees: Monthly maintenance fees for various packages including Global, Estilo, Zafiro, and business packages, with bonification periods for new customers.
4. API and BaaS Services: Revenue from providing Banking-as-a-Service infrastructure to enterprises, fintechs, and digital platforms integrating financial services via APIs.
5. Insurance Brokerage: Revenue from BIND Broker and insurance product distribution including home, auto, personal, and business insurance policies.
6. Investment Products: Revenue from mutual funds management (Industrial Asset Management SGFCI), investment account management, and brokerage services.

Pricing tiers

Go-to-market motion3 records

Distribution channels8 records

Marketing channels8 records

Core 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

Named customers7 records

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature5 records

Partnerships

Ten partnerships are on record, tiered core, flagship and minor.

• Mercado PagocoreTechnology or IntegrationMajor 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 PaycoreTechnology or IntegrationDigital wallet provider using BIND's banking infrastructure for transaction processing within BIND's role processing over 70% of Argentina's digital wallet operations.
• PrexcoreTechnology or IntegrationDigital wallet company benefiting from BIND's banking infrastructure and processing capabilities for Argentina's digital wallet ecosystem.
• Aerolíneas ArgentinasflagshipTechnology or IntegrationBanking-as-a-Service client integrating financial services through BIND's open API platform. Part of BIND's enterprise client portfolio using embedded finance solutions.
• CencosudflagshipTechnology or IntegrationMajor retail client using BIND's Banking-as-a-Service infrastructure for embedded financial services. BaaS client integrating payment and collection solutions.
• NaturaflagshipTechnology or IntegrationRetail/cosmetics company integrating BIND's financial services infrastructure through Banking-as-a-Service platform for payment solutions.
• Poincenot Tech StudiocoreStrategic or Co-development PartnerB2B fintech solutions provider and technology studio within the BIND ecosystem. Part of Grupo BIND's ecosystem of companies offering complementary technology services.
• JúbilominorStrategic or Co-development PartnerE-commerce marketplace within the BIND ecosystem helping customers access products and experiences with better conditions.
• CredicuotascoreStrategic or Co-development PartnerB2C fintech specializing in personal loans, operating as part of the BIND ecosystem. Provides consumer financing solutions integrated with BIND banking services.
• Mercantil AndinaflagshipTechnology or IntegrationInsurance 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

Direct 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

• Xx.com/bindarg
• YouTubeyoutube.com/user/bindARG
• Facebookfacebook.com/bindARG
• LinkedInar.linkedin.com/company/bindarg
• Instagraminstagram.com/bind.arg

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries12 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about BIND