Ghargur, Malta
Binderr is a Malta-based software platform that automates the compliance and corporate workflow of corporate service providers, including accountants, lawyers, and notaries. The company charges customers a combination of per-transaction fees and a small monthly subscription per client managed, positioning itself as a revenue-aligned partner to the CSPs it serves. Founded by Jacob Appel, who serves as CEO, Binderr launched its current product to paying customers in March 2023 after spending roughly two years building an accounting application before pivoting to the CSP niche. As of September 2023, the company had six paying customers generating approximately 3,000 euros in monthly recurring revenue, with an average revenue per customer of roughly 500 euros per month. Appel has self-funded the business, investing approximately 2 million to 2.7 million dollars of his own capital, drawn from proceeds of his earlier Bolt franchise exit. The 18-person team, composed mainly of developers, is burning approximately 100,000 euros per month. Appel holds roughly 50 percent of the company's equity and sees a path to growing average revenue per customer to between 2,000 and 3,000 euros per month as the platform deepens its penetration with each account.
- Revenue
- $70.2K
- Customers
- 6
- Year founded
- 2020
- Funding
- $2.5M
- Team size
- 29
- Growth
- -