A key milestone of growth in many companies’ journey is expanding overseas. However, establishing a business in a new country presents significant challenges, characterised by protracted processes and administrative hurdles, writes Jacob Appel, CEO – Founder, Binderr.
Founders frequently encounter repetitive documentation requests, prolonged waiting periods for responses, and a lack of streamlined communication. The process can feel like you’re stuck in the 1990s, with endless back-and-forth, missing documents, and weeks of waiting.
Despite the prevalence of digital marketplaces across most sectors, the financial and corporate services industry largely relies on manual processes, including PDFs and emails. These inefficiencies can result in substantial costs, lost time, and missed opportunities for businesses. For instance, onboarding a corporate client typically spans four to six weeks, with approximately 50 percent of applications failing to reach completion. The average cost associated with such an onboarding process can be around €4,000. For founders expanding across borders, that’s time you don’t have and capital you can’t afford to waste.
Built by founders who have experienced these pains first-hand, Binderr was developed to address these complexities by providing a unified platform where businesses can identify, compare, and onboard with trusted banks, law firms, and corporate service providers. It’s a simple idea that solves a complex problem. However, the creation of such a marketplace is inherently challenging, particularly within regulated industries where simply matching supply and demand is insufficient. The platform also facilitates the subsequent stages of onboarding, due diligence, and compliance. Otherwise, the process is in danger of falling right back into the old way of doing things - forms to fill, emails to chase and weeks of waiting.
Further driving efficiencies, the Binderr platform is powered by an AI-driven compliance engine. This technology enables providers to verify and onboard clients efficiently while adhering to regulatory obligations. It forms the operational foundation of the experience, from initial engagement to completion. The concept can be likened to a Booking.com for financial and corporate services, but with integrated technology that runs the hotel properties too. A single platform where businesses can see all their options, apply once, and track everything in one dashboard.
As a founder or business leader of a scaling company, your time should be spent focussed on things like strategy, talent and sales. But when trying to internationalise, it’s common to get bogged down in inefficient processes or simply not even knowing where to start. The vision behind Binderr is simple: to help business owners grow faster by connecting you with the right providers quickly, freeing you from repetitive forms, manual emails, and time-consuming onboarding. And to give every business owner a Business Wallet - a single, verified profile they can use to work with any provider globally.
Built by founders and created for founders, Binderr's objective is to remove friction from one of the most important parts of global commerce: how businesses start, connect, and grow. It offers a single platform, a unified profile, and global accessibility.