Digital Credential Management SoftwareArdsley, New YorkFounded 2020
Bindle Systems was acquired by IDEN2.
Bindle Systems is an early-stage technology company founded in June 2020 that converts health credentials, including vaccine records and test results, into cryptographic tokens stored in a mobile wallet.
Bindle Systems has not published its revenue. GetLatka estimates it at about $4.2K a year (October 2024).
| As of | Revenue | Source |
|---|---|---|
| Nov 2021 | $4.8K | – |
| Oct 2023 | $3.3KEST | GetLatka estimate |
| Oct 2024 | $4.2KEST | GetLatka estimate |
– source not recorded
IDEN2 owns Bindle Systems. The date and price of the deal are not on record.
Bindle Systems has raised $200K in one round, in November 2021.
| Date | Round | Raised |
|---|---|---|
| Nov 2021 | Funding round | $200K |
| Total raised | $200K |
Nathan Latka has interviewed Bindle Systems once, speaking with Carlos Korten. Each figure links to the second it was said.
Watch: How Bindle Systems Reached 200 Paying Clients and About 100,000 Wallet Installs with COVID Credential NFTs (Interview with Co-Founder Carlos Korten)November 2021 · Carlos Korten, Co-Founder and Chief Product Officer
Bindle Systems competes most directly with MemberPlanet.
| Company | Revenue | Funding | Employees | Customers | Founded |
|---|---|---|---|---|---|
 MemberPlanet | $21M | – | 18 | – | 2011 |
| Bindle Systems | $4.2K | $200K | 17 | 200 | 2020 |
Gus Warren founded Bindle Systems in 2020 with Carlos Korten and led it as CEO. Bindle Systems had 17 employees (October 2024, LinkedIn).
| As of | Employees | Source |
|---|---|---|
| Oct 2024 | 17 | |
| Oct 2023 | 17 | |
| Oct 2022 | 20 | |
| Nov 2021 | 15 | Carlos Korten on cameraWatch at 12:55 |
GetLatka estimates Bindle Systems' revenue at about $4.2K a year (October 2024). The company hasn't published its own figure.
IDEN2 owns Bindle Systems.
Bindle Systems raised $200K in one funding round before IDEN2 bought it, in November 2021.
Bindle Systems had 17 employees in October 2024, according to LinkedIn.
Gus Warren and Carlos Korten founded Bindle Systems in 2020.
3 said on camera · 3 from public sources · 2 estimates. Founder figures link to the second they were said; public figures name their source; estimates are marked EST and say whose they are. Not financial advice.
Updated Nov 2, 2026Data disclaimerReport a correctionClaim this profile