The deal will allow the banking giant to deploy the fintech firm’s payment and spend management platform to its customer base of small and medium-sized enterprises (SMEs).
EedenBull is already partnering with 65 banks in Europe, and is now further expanding its global reach with banks such as National Australia Bank – a former owner of the Clydesdale Bank.
Nicki Bisgaard, chief executive and founder of EedenBull, said: “This announcement underlines our progress in offering best in class payment and spend management technology to the banking community globally.
“We are delighted to partner with NAB, a globally respected banking brand and Australia’s leading business bank, and to provide them innovative, digital spend solutions for their SME clients in Australia.”
The partnership with NAB is said to signal a “step change” in the global ambition of EedenBull, which is headquartered in Oslo, has its design and innovation team in Singapore, business development team in London and operations centre in Edinburgh.
Bisgaard added: “We are growing fast, innovating constantly, improving our products and services all the time and seeking further partnerships with existing and new banks globally, as we expand our worldwide footprint.
“New technology, new regulation and new players are forever changing the way consumers and businesses think about payments – changing the way people pay, and get paid, and EedenBull is here to guide banks through this market, legislative and technology complexity.”