BIN CORPORATION GROUP

What BIN CORPORATION GROUP does

BIN Corporation Group is a Vietnam-headquartered private multi-disciplinary corporation founded on November 16, 2009 by Jimmy Lee (Le Hung Anh). It operates ten wholly-owned sub-brands spanning international corporate services (One IBC), digital banking and global markets (DNBC Financial Group, DNBC Global Markets), international payments (PayCEC), enterprise software (MobCEC), digital marketing (BIN Media), visa and immigration (GIS), global travel (Travelner), cross-border e-commerce (PapMall), AI/IoT household electronics (Meliwa), and real estate investment and development (Khai Hung Group). The group runs six offices across Vietnam, Hong Kong, Singapore, Lithuania, Canada, and the United States, employing 350+ staff of which more than 95% hold advanced degrees, and serves a stated base of 1 million individual customers and 30,000 business clients globally.

The company operates a hybrid services-plus-platform business model. Revenue is generated through a mix of transaction fees (DNBC/PayCEC payments and money transfer, Travelner bookings, PapMall marketplace commissions), professional services fees (One IBC corporate formation, GIS immigration, BIN Media marketing, Khai Hung real estate), subscription or licensing (MobCEC software), and hardware sales (Meliwa electronics). Underlying technology includes proprietary digital banking and super-app platforms (DNBCnet), the SAP S/4HANA Cloud ERP backbone deployed in 2023 with SAP Vietnam and ATS Vietnam, Salesforce CRM, and AI/IoT-enabled consumer devices under Meliwa. Distribution is via brand-specific direct websites across 10 sub-brand domains supplemented by regional field sales in five countries.

Strategic positioning centers on cost-effective, technology-applied service delivery from a Vietnam base into US-UK, European, and Asian markets. Recent material moves include the 2023-09-18 groundbreaking for the Asian Trade Center 2 headquarters in Ho Chi Minh City, the planned 2026 IPO of fintech subsidiary DNBC Financial Group, and a cluster of 2022 university partnerships (FTU, UFM, Ho Chi Minh University of Technology, University of Sciences VNU-HCMC) covering AI, blockchain, and software R&D plus scholarships and internships. Ownership is concentrated with the founder, with no institutional investor disclosed; the firm instead deploys capital outward as a Shark Tank Vietnam investor (Seasons 5 and 6).

Name

BIN CORPORATION GROUP

Legal name

BIN CORPORATION GROUP JOINT STOCK COMPANY

Website

https://bincorporation.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

251–500 employees

Short description

BIN Corporation Group is a Vietnam-headquartered private multi-disciplinary corporation operating ten sub-brands across financial services, payments, corporate services, e-commerce, travel, immigration, real estate, software, and AI-enabled consumer electronics for global individual and enterprise clients.

Ownership category

akta.pro rank

Product category

Diversified Business Services

NAICS

Management of Companies and Enterprises (551), Travel Agencies (561510)

SIC

Miscellaneous Business Credit Institution (6159), Finance Lessors (6172)

akta.pro primary industry

Prepaid Card Program Managers & Issuers (BIN Sponsors) (FSAMANAK)

akta.pro secondary industries

Buy Now, Pay Later (BNPL) Platforms (BPAMAFAG), Corporate Booking Platforms & Online TMCs (THAKAAAG), Travel Payments & Virtual Cards for Corporate Travel (THALAMAJ)

Keywords

• Offshore company formation
• Digital banking services
• Cross-border payments
• E-commerce marketplace
• Immigration consulting

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. International Corporate Services: One IBC provides offshore company establishment services for startups, investors, and business owners worldwide
2. Financial Services and Digital Banking: DNBC Financial Group provides digital banking, payment platforms, and money transfer services with revenue from transaction fees and service charges
3. International Payment Solutions: PayCEC provides online payment ecosystem with various transaction methods across digital platforms
4. Software and Application Solutions: MobCEC provides software and application solutions for SMEs and MNCs
5. Digital Marketing Services: BIN Media provides e-commerce advertising and digital marketing solutions leveraging digital data analysis
6. Immigration and Visa Services: GIS provides settlement, permanent residence, and naturalization services including US investment programs and Golden Visa programs
7. Global Travel Platform: Travelner provides travel services including air tickets, accommodation, tours, and entertainment tickets
8. International E-commerce Platform: PapMall provides international e-commerce marketplace connecting buyers and global sellers
9. Household Electronics: Meliwa produces and sells AI-powered household electronic products
10. Real Estate Services: Khai Hung Group operates as real estate investor, distributor, and developer

Go-to-market motion2 records

Distribution channels3 records

Marketing channels8 records

Core offering

BIN Corporation Group is a multi-disciplinary international conglomerate operating ten brands that deliver offshore company formation, digital banking, cross-border payment processing, immigration consulting, travel booking, e-commerce marketplace, digital marketing, household electronics retail, and real estate services. The group serves roughly 30,000 business clients and 1 million individual customers with cross-border and international commerce solutions anchored in Vietnam.

Product overview

BIN Corporation Group operates as a multi-disciplinary international corporation that develops a tech-applied enterprise service ecosystem. The company offers ten distinct brands providing services across multiple industries. The portfolio includes: One IBC (corporate services), DNBC Financial Group and DNBC Global Markets (finance and capital markets), PayCEC (payment solutions), MobCEC (software and application solutions), BIN Media (digital marketing), GIS (visa and immigration services), Travelner (travel services), Khai Hung Group (real estate), PapMall (e-commerce), and Meliwa (household electronics with AI/IoT). Financial consulting and international business services are identified as two of the core business groups.

Differentiator

Problem solved

Functional benefit

Brands

• One IBC: Leading offshore company establishment services for startups, investors, and business owners globally
• DNBC Financial Group
• PayCEC
• MobCEC
• BIN Media
• GIS
• Travelner
• PapMall
• Meliwa
• Khai Hung Group

Products and services

• One IBC
• DNBC Financial Group

Quantifiable outcome

• 1 million+ individual customers served globally
• +3 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature5 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Asian Trade Center 2 Building ProjectcoreOthers · 18 September 2023Groundbreaking ceremony September 18, 2023 for new international commercial building. New headquarters will establish internationally standardized workspace for BIN Corporation Group operations.
• SAP Vietnam & ATS VietnamcoreTechnology or Integration · 25 August 2023Kick-off ceremony for implementation of SAP S/4HANA Cloud solution announced August 25, 2023. ATS Vietnam as implementation partner for SAP deployment across BIN Corporation Group.
• University of Finance - Marketing (UFM)coreStrategic or Co-development Partner · 12 September 2022Cooperation agreement signed September 12, 2022 to improve quality of training, scientific research, and promote knowledge transfer. BIN Corporation Group will support learning, create conditions for students to practice and work after graduation.
• Ho Chi Minh University of TechnologycoreStrategic or Co-development Partner · 25 August 2022Cooperation agreement signed August 25, 2022 for training and recruiting IT human resources. BIN Corporation will receive students for study, practice, and support transfer of new applied technologies. The corporation will also accompany student startup projects.
• University of Sciences, VNU-HCMCcoreStrategic or Co-development Partner · 7 June 2022Cooperation discussion for career orientation for IT students and technology & digital data resources. Focus areas include browser applications, software R&D, AI and Blockchain programming, and digital technology project management.
• Foreign Trade University (FTU)coreStrategic or Co-development Partner · 20 May 2022Cooperation agreement signed May 20, 2022 including sponsorship of tuition fees, scholarships, and startup programs. BIN awarded 10 Innovation scholarships worth 5 million VND/person plus 20 air ticket vouchers worth 2 million VND/person.
• Asia English SystemminorStrategic or Co-development Partner · 1 January 2022Investment and strategic cooperation contract signed through Shark Tank Vietnam Season 5. BIN Corporation Group invested to improve quality of human resources in English education.

Scale indicators10 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Henley & Partners: Leading investment migration and residence/citizenship-by-investment advisory firm. Directly comparable to BIN's GIS sub-brand offering Golden Visa, EB-5, and second-citizenship programs to similar high-net-worth client segments.
• Vistra: International corporate services and fund administration group with offshore company formation capabilities. Closely comparable to One IBC in target customers (corporates, investors, entrepreneurs needing cross-border setup) and product offering.
• Wise (TransferWise): Cross-border money transfer and multi-currency banking platform. Comparable to DNBC Financial Group and PayCEC in serving individuals and businesses needing international payment and FX services.
• Remitly: Digital remittance platform serving cross-border money transfer customers globally. Comparable to DNBC/PayCEC's transaction-based international payment offering targeting individuals and SMEs.
• TMF Group: Global provider of corporate services, accounting, and compliance for offshore company establishment. Directly comparable to BIN Corporation's One IBC sub-brand serving similar corporate clients across multiple jurisdictions.

Broad incumbents

• Revolut: Global digital banking and payments super-app. Comparable in product surface (multi-currency accounts, transfers, FX) to DNBC Financial Group, though serving customers at much larger scale.
• Trip.com Group: Global OTA and travel services conglomerate. Comparable in category to Travelner for air tickets, accommodation, and tour packages, though operating at vastly larger scale as a public-market incumbent.
• Booking Holdings: Parent of Booking.com, Priceline, Agoda, KAYAK and OpenTable. Broad incumbent in online travel with overlapping product offering (air, accommodation, tours) to Travelner sub-brand.

Regional players

• FPT Software: Vietnamese-headquartered IT services and software solutions provider. Comparable to MobCEC in offering software/application development to SMEs and MNCs across Europe, America, and Asia from a Vietnam cost base.
• Shopee (Sea Group): Southeast Asian e-commerce marketplace. Comparable to PapMall in business model (marketplace connecting buyers and sellers) and regional focus, though at vastly larger scale.

Market position

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/CorporationBin
• YouTubeyoutube.com/channel/UC9_f4K6Mhmc-wwsy_EGIwrw
• Facebookfacebook.com/bincorporation
• LinkedInlinkedin.com/company/bincorporationgroup

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries14 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 BIN CORPORATION GROUP