Fintech firm EedenBull will be expanding its presence in the evolving B2B payments sector.
The Norwegian and Scottish company revealed recently that it’s planning to introduce its commercial cards platform to banks interested in exploring the vast potential opportunities in the B2B space.
EedenBull’s management noted that innovative technologies, improved and updated regulations and new businesses have been transforming how consumers and businesses conduct payments.
Banks are being challenged even more now, due to the COVID-19 outbreak. Traditional financial service providers have been struggling to offer competitive payment services to their commercial banking clients, the Fintech company noted.
EedenBull recently introduced its “Q Business” program with 65 participating banks based in the Nordic region. The Fintech firm says that it’s now planning to expand its line of products by adding full commercial card issuing capabilities across all businesses.
Nicki Bisgaard, CEO at EedenBull, stated:
“With these latest developments we [intend] to demonstrate our commitment to delivering new, innovative and exciting payment services to our partner banks and their customers.”
“While payment products and services often become more and more user-friendly, the product management becomes more and more complex and requires ready access to specialists in product management, in marketing, in revenue management, in IT and platforms, in legal and regulatory areas to mention but a few.”
The Fintech company says it will be working with several banking partners in select markets across the globe. It’s planning to introduce other programs in several different areas within the next two years.
Founded in 2018, EedenBull’s business is registered in Norway with its head offices located in Asker.
The company is a fully licensed and regulated e-money institution. It has also acquired principal issuing licenses from Mastercard, Visa, and UnionPay.
The company’s technical team and customer support workers are based in Edinburgh. Several other staff members are working out of the firm’s Singapore offices.