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.

Nicki Bisgaard is the chief executive of EedenBull, which has operations in Oslo and Edinburgh.
Nicki Bisgaard is the chief executive of EedenBull, which has operations in Oslo and Edinburgh.

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.

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“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.

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