BIND Group

BIND Group is an Argentine financial conglomerate headquartered in Buenos Aires.[5] It comprises BIND Banco Industrial S.A. and a group of companies spe

BIND Group
BIND Group
TypePrivate
IndustryFinancial services
Founded1928; 98 years ago (1928)
Headquarters
Buenos Aires
,
Argentina
Key people
Ariel Sigal (President)
Carlota Durst de Meta (Honorary President)[1] Marcela Fernie (CEO)[2]
Total assets3.03 trillion pesos (2025)
(USD 2.079 billion)[3][4]
Number of employees
+1,000
Websitebind.com.ar

BIND Group is an Argentine financial conglomerate headquartered in Buenos Aires.[5] It comprises BIND Banco Industrial S.A. and a group of companies specialising in financial services, technology, and investment: BIND Inversiones, BIND Seguros, BIND Garantías, BIND Leasing, BIND Broker Seguros, BIND PSP, bindX (fintech solutions), Credicuotas, Júbilo, and Natan.VC (venture capital).[6]

History

Origins (1928–1989)

In 1928, the Banco de Azul was founded in the city of Azul, Buenos Aires Province, with the aim of promoting agro-industrial development in the region.[7][8]

In 1956, the Industrial Cooperativa de Crédito was established at Avenida Gaona 3735 in Buenos Aires. In 1971, the Central Bank of Argentina (BCRA) authorised its conversion into a credit union.[9][10]

Institutional transformation (1990–1999)

In 1996, the entity began operating as La Industrial Compañía Financiera S.A.[11] In 1997, it acquired the assets and liabilities of Nuevo Banco de Azul S.A., including more than 14,000 accounts and seventy years of banking history in the region. The BCRA authorised its conversion into a retail commercial bank, and the entity continued operating as Nuevo Banco Industrial de Azul S.A., with its head office in Buenos Aires and eight branches.[7]

Growth and diversification (2001–2015)

In 2003, the bank absorbed Banco Velox's assets and liabilities.[12] The acquisition extended its branch network across Argentina. In 2006, the Buenos Aires Stock Exchange authorised Industrial Valores S.A. to operate as a brokerage firm.[13] In 2010, with BCRA authorisation, the entity changed its legal name to Banco Industrial S.A.[14] and Industrial Broker de Seguros was created. In 2012, Industrial Asset Management was established through the acquisition of MBA Asset Management.[15] The bank adopted the BIND brand in 2013.[9]

Restructuring and new brand identity (2016–2018)

In 2016, the bank began offering web banking through a platform called BIND24, covering both personal and business accounts.[10] That year, BIND joined the BCRA's innovation roundtable. The group entered a strategic alliance with Poincenot Technology Studio, a fintech firm chaired by Facundo Vázquez.[16]

In 2017, the group acquired five service centres from Banco Finansur S.A., expanding its operations in Greater Buenos Aires and its base of pension-recipient customers, and started working with fintech startups through a programme called BIND Innova.[17] In 2018, the bank introduced API Bank.[18]

The bank developed a product in partnership with Mercado Pago that allowed users of the application to invest in a mutual fund.[19][20][21]

In May 2018, the bank joined the International Finance Corporation's (IFC) Global Trade Finance Programme, part of the World Bank Group. The IFC granted BIND Banco Industrial a loan of US$55,000,000 (fifty-five million dollars) to expand lending to small and medium-sized enterprises (SMEs).[22] In December 2018, the group announced a new brand architecture under which BIND would serve as the umbrella brand for the entire ecosystem, and Grupo BIND was established as a financial holding company.[6][23]

New products and regional expansion (2019–present)

In 2019, the bank introduced digital onboarding, allowing fully digital account opening. The bank also registered with the National Securities Commission's public offering regime that year, which enabled it to issue public debt.[24]

In 2023, the group inaugurated its new headquarters in the Plaza San Martín building in Buenos Aires.[5] It expanded regionally with the launch of BIND Inversiones Uruguay,[25] and created Bind Pagos as a new business unit focused on payment services.[26]

In 2024, the group launched BindX, a new brand consolidating all its financial products and solutions.[27] Companies including Aerolíneas Argentinas, Cencosud, and Natura integrated financial services through BIND's Banking-as-a-Service infrastructure.[28]

In March 2026, BindX Innova began as a partnership between bindX, Endeavor, and Natan VC. The programme targets fintech startups in payments, lending, wealthtech, and blockchain.[29] In April 2026, Bind Uy Administradora de Fondos de Inversión received authorization from the Central Bank of Uruguay to operate as a fund manager.[30]

Business units

  • BIND Banco Industrial S.A.: the banking entity at the core of the group, specialising in services for SMEs, corporations, and fintechs.
  • BIND Inversiones: mutual fund management company and stock exchange agent (formerly Industrial Asset Management and Industrial Valores). It manages the Mercado Pago investment fund.[31]
  • BIND Garantías: mutual guarantee society (SGR), formed from the acquisition of Garantías de Valores SGR.[32]
  • BIND Seguros and BIND Broker de Seguros: insurance units.[33]
  • BIND Leasing: financial leasing unit.
  • BIND PSP: payment service provider.
  • bindX: Banking-as-a-Service platform and open financial APIs.[34]
  • Poincenot Tech Studio: financial technology company, allied with the group since 2013.[35]
  • Credicuotas: consumer credit fintech.[36]
  • Tienda Júbilo: benefits platform for retirees (formerly known as Jubind).
  • NatanVC: the group's venture capital vehicle.[37][38]

See also

References

  1. ^ "Presidenta del Bind Banco Industrial participó del Toque de la Campana por la Igualdad de Género" (in Spanish). iProfesional. 8 March 2018. Retrieved 29 June 2026.
  2. ^ "Grupo BIND designa a Marcela Fernie como nueva CEO". El Cronista (in Spanish). Retrieved 1 July 2026.
  3. ^ Central Bank of Argentina. "Financial statements of financial entities: Banco Industrial S.A." Central Bank of Argentina (in Spanish). Retrieved 29 June 2026.
  4. ^ "Asset Rankings". Central Bank of Argentina. Retrieved 29 June 2026.
  5. ^ a b "BIND inauguró su nueva Casa Central". Ámbito. 6 March 2023. Retrieved 29 June 2026.
  6. ^ a b "Grupo BIND anuncia su nueva arquitectura de marcas". iProfesional. 11 December 2018. Retrieved 29 June 2026.
  7. ^ a b Blanco, Javier (26 March 2003). "Reabren las ex casas del Velox". La Nación. Retrieved 29 June 2026.
  8. ^ "BIND". Diario El Tiempo. Retrieved 29 June 2026.
  9. ^ a b "Banco Industrial se consolida con una nueva imagen". Salta 21. 20 September 2013. Retrieved 29 June 2026.
  10. ^ a b Ruiz, S. E. (2018). Reputación corporativa del Banco Industrial de La Plata desde la perspectiva de los clientes de la tercera edad (Undergraduate thesis). Universidad Nacional de Entre Ríos. Retrieved 29 June 2026.
  11. ^ "Boletín Oficial de la República Argentina". República Argentina. Buenos Aires: 24. 28 April 1999. Retrieved 29 June 2026.
  12. ^ Blanco, Javier (29 October 2002). "Transfieren el Velox al Industrial de Azul". La Nación. Retrieved 29 June 2026.
  13. ^ "Suplemento de prospecto de oferta pública: Fideicomiso Financiero Credishopp III" (PDF). Bolsa de Comercio de Rosario. Retrieved 29 June 2026.
  14. ^ Central Bank of Argentina (15 January 2010). "Comunicación "B" 9735: Nuevo Banco Industrial de Azul S.A. – Cambio de su denominación social por Banco Industrial S.A." Infoleg. Retrieved 29 June 2026.
  15. ^ "Boletín Oficial de la República Argentina, 2nd section". Internet Archive. 20 November 2012. Retrieved 29 June 2026.
  16. ^ "Banco Industrial: nuevo accionista de la fusión entre Matba y Rofex". El Cronista. 5 March 2019. Retrieved 29 June 2026.
  17. ^ "El BIND Banco Industrial lanzó un programa de co-innovación con startups". iProfesional. 27 April 2017. Retrieved 29 June 2026.
  18. ^ "API Bank, un nuevo servicio para optimizar las operaciones financieras". iProfesional. 25 January 2018. Retrieved 29 June 2026.
  19. ^ "Mercado Libre y BIND: alianza para inversiones online". Ámbito Financiero. 6 December 2018. Retrieved 29 June 2026.
  20. ^ Franzini, N. F. (2018). El sistema financiero argentino y las nuevas tecnologías (PDF) (Undergraduate thesis). University of Buenos Aires. Retrieved 29 June 2026.
  21. ^ "Estudio Fintech 2020: Ecosistema argentino" (PDF). 2020. Retrieved 29 June 2026.
  22. ^ "IFC aporta u$s 55 millones a BIND para créditos a pymes". Ámbito. 7 November 2018. Retrieved 29 June 2026.
  23. ^ "IFC provides $55 million to Banco Industrial to boost SME lending in Argentina". International Finance Corporation. 21 December 2018. Retrieved 29 June 2026.
  24. ^ "Bancos y fintech: qué es una API y el modelo Open Banking". iProUP. 24 August 2020. Retrieved 29 June 2026.
  25. ^ "Grupo BIND desembarca en Uruguay con sus servicios de wealth y asset management, banca corporativa y de inversiones". Funds Society. 12 December 2022. Retrieved 29 June 2026.
  26. ^ "QR interoperable: las claves para entender su éxito". iProUP. 13 March 2023. Retrieved 29 June 2026.
  27. ^ "Cómo funciona bindX, la plataforma que les permite a las empresas ofrecer servicios financieros". Ámbito. 17 December 2024. Retrieved 29 June 2026.
  28. ^ "YPF se une a un banco para lanzar un servicio rival de Mercado Pago". iProUP. 26 December 2025. Retrieved 29 June 2026.
  29. ^ "BIND y Endeavor lanzan BindX Innova, el programa de innovación abierta para impulsar startups que transformen la industria financiera". Endeavor Argentina. 16 March 2026. Retrieved 29 June 2026.
  30. ^ Tiscornia, Fabián (29 April 2026). "El argentino Grupo Bind amplía su presencia en Uruguay con una gestora y lanza su primer fondo de inversión en el país". RankiaPro LATAM (in Spanish). Retrieved 1 July 2026.
  31. ^ "Mercado Pago vende dólar oficial desde hoy y desafía a los bancos: a qué precio lo ofrece". Infobae. 28 July 2025. Retrieved 29 June 2026.
  32. ^ "Bind Garantías subió de categoría: pasó a AA+ a largo plazo y A1 a corto plazo". Ámbito. 21 August 2024. Retrieved 29 June 2026.
  33. ^ "Bind Broker Seguros amplía su propuesta de valor para comercios junto a MAPFRE". Ámbito. 18 January 2024. Retrieved 29 June 2026.
  34. ^ "Cómo funciona BindX, la plataforma que les permite a las empresas ofrecer servicios financieros". Ámbito. 29 October 2024. Retrieved 29 June 2026.
  35. ^ "Banco Industrial, nuevo accionista de la fusión entre Matba y Rofex". El Cronista. 6 March 2019. Retrieved 29 June 2026.
  36. ^ "Credicuotas capta más de $15.000 millones y más de US$12 millones tras la normalización del mercado de capitales". Mercado. 8 May 2025. Retrieved 29 June 2026.
  37. ^ "Startups: el fondo venture capital del Grupo Bind concretó la tercera inversión del año en firmas locales". Ámbito. 27 May 2025. Retrieved 29 June 2026.
  38. ^ "Natan, el fondo VC del Bind, invirtió en una empresa especializada en tokenización". Road Show. 14 May 2025. Retrieved 29 June 2026.

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