Since its inception four years ago, Binderr has been driven by a mission to create impactful solutions for real business pain points. “We wanted to build a business from scratch that could have real impact,” CEO Jacob Apel recalls.

Initially starting as an accounting app aimed at self-employed individuals, the company quickly realized the challenges of convincing accountants to switch from their established software. This journey of pivoting and adapting led Binderr to identify a critical need in the market: efficient client onboarding and compliance.

Understanding that many regulated entities were struggling with outdated manual processes, Binderr shifted its focus. Leveraging the latest technology, Binderr developed a market-leading onboarding and compliance tool in just a year. This innovative approach ensured that the product was built with the right structure and technology, making it highly effective for customers across various sectors, including corporate service providers, lawyers, wealth managers, and banks.

«Starting from a blank canvas allowed us to build with the right structure and technology,» says Apel. «We are proud to have developed a tool that addresses the evolving needs of our clients with unparalleled efficiency.»

One of the significant milestones in Binderr’s journey has been its partnership with Seed Group and the Private Office of Sheikh Saeed bin Ahmed Al Maktoum. This collaboration is set to enhance compliance solutions in the MENA region, particularly as Dubai and the GCC continue to evolve as financial hubs. «Our collaboration will help protect the economy from illicit funds while delivering exceptional client experiences,» Apel explains.

The onboarding process, whether for opening a bank account or engaging with legal services, is a crucial indicator of the business environment in a country. Binderr’s state-of-the-art technology not only improves client experiences but also strengthens compliance, which is vital for maintaining the region’s economic stability. The UAE’s recent removal from the greylist highlights the importance of maintaining rigorous regulations, and Binderr is committed to ensuring these standards are met.