Fintech with major Edinburgh base grows European Mastercard deal
Financial technology outfit EedenBull and payments giant Mastercard have announced an extension of their strategic partnership in Europe.
Mastercard’s ongoing support will enable the continued growth of EedenBull’s operations in Oslo and Edinburgh, and its spend management platform “Q Business”.
As part of the extended agreement, Mastercard will support the fintech firm’s product development and innovation, including the digital enablement of its services.
Currently, 65 banks in Norway offer Q Business to several thousand small and medium-sized businesses. The system simplifies and controls the purchases employees make on behalf of their company, encompassing the likes of payment cards, a mobile app and digitisation of receipts.
Erik Gutwasser, divisional president of the Nordics and Baltics at Mastercard, said: “We are delighted to be entering this next phase of our relationship with EedenBull and support its ambitions to connect to the vast and growing opportunities in commercial payments across Europe.
“With Mastercard’s paytech experience and global network of customers and partners, we will be able to help EedenBull leverage its unique expertise and service a largely untapped market segment.”
Nicki Bisgaard, chief executive of EedenBull, said: “Businesses everywhere are facing the same challenges and are seeking solutions that make their everyday lives simpler, more secure and more profitable.
“Selecting Mastercard as our preferred partner to support us in creating real value for our customers and partners and to support our expansion in Europe was easy as we share the same view on what businesses require.”
EedenBull was established in 2018. It is registered in Norway with its head office in Asker and its technical development and customer services teams in Edinburgh.
A message from the Editor:
Thank you for reading this story on our website. While I have your attention, I also have an important request to make of you.
With the coronavirus lockdown having a major impact on many of our advertisers - and consequently the revenue we receive - we are more reliant than ever on you taking out a digital subscription.
Subscribe to scotsman.com and enjoy unlimited access to Scottish news and information online and on our app. With a digital subscription, you can read more than 5 articles, see fewer ads, enjoy faster load times, and get access to exclusive newsletters and content. Visit https://www.scotsman.com/subscriptions now to sign up.
Our journalism costs money and we rely on advertising, print and digital revenues to help to support them. By supporting us, we are able to support you in providing trusted, fact-checked content for this website.
Want to join the conversation? Please or to comment on this article.