Ardsley, New York, United States
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. The platform uses a rules engine to verify those credentials against venue-defined entry requirements, producing a zero-knowledge proof that confirms eligibility without exposing underlying medical data. The company operates under the domain joinbindle.com and had its first product release in August 2020. As of November 2021, Bindle had approximately 200 paying clients, roughly 100,000 wallets installed, and was operating across 30 U.S. states and two to three Canadian provinces. Revenue was in its earliest stages, with the company charging 10 cents per scan and processing a couple thousand scans per month, translating to an estimated $400 to $500 in monthly revenue. The company was in the midst of a seed round, raising capital through angel investors writing checks of $50,000 to $100,000. Bindle competes against well-capitalized rivals including Clear, which recently completed an IPO, and IBM, which serves as the technology provider for New York State's credential verification program. The company has six co-founders and a team of approximately 15 full-time employees, and is investing in blockchain infrastructure, digital identity networks, and expanded use cases beyond pandemic health credentials.
- Revenue
- $4.2K
- Customers
- 200
- Year founded
- 2020
- Funding
- $200K
- Team size
- 17
- Growth
- -