EedenBull scores 5-year deal with NAB on SMB spend management

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Spend management vendor EedenBull | iTMunch

EedenBull, a privately-held fintech innovation firm, has signed a 5-year deal with National Australia Bank (NAB). Through this deal, NAB will give its SMB user base access to the payments and spend management platform of EedenBull. In other words, the Australian bank will deploy the vendor’s payment and spend management platform to its customer base of small and medium size businesses.

EedenBull is already partnering with 65 banks in Europe and is now expanding its international reach with banks like National Australia Bank.

EedenBull’s spend management platform

EedenBull will provide NAB’s SMB customer base it’s Q Business platform which includes Q Control for the manager and administrator and Q Apps for employees of the enterprise. Through this platform, small and medium sized businesses can track their spendings and payments in real-time. Q Business can help the businesses prevent losses by ensuring they use best practices.

Founder and CEO of EedenBull, Mr Nicki Bisgaard said that the new partnership with NAB underlines the fintech innovator’s progress in offering the best payments and spend management platform to the banking community internationally. Bisgaard added they’re growing fast, improving their products and services all the time, innovating constantly and seeking more partnerships with new and banks institutions globally, as they expand their worldwide footprint.

Bisgaard also added that they’re delighted to partner with a bank like NAB that is globally respected and paves the way of innovation in Australia. He further adds that together with the bank. EedenBull will provide the customer base with innovative digital spend solutions.

SEE ALSO: NAB rolls out built-in smart receipts with Australian fintech Slyp

NAB on partnering with EedenBull

Executive for Everyday Business Banking at NAB, Tania Motton said that the point of the integration is to provide and extend more services to small and medium enterprises in need. Spend and expense management software solutions are usually so out of reach for SMBs, she said. This exciting collaboration will give NAB’s customer base an intuitive spend management platform with complete control and analysis of payments across their operations along with more confidence to enable their teams to spend money.

The fintech innovation firm EedenBull also saw the expansion of its fintech services with global payments giant Mastercard into the APAC region. Through this partnership, Mastercard agreed to continue supporting the product development and digital services of EedenBull.

SEE ALSO: ANZ Bank prepares itself for a new banking platform pilot

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Image Courtesy: EedenbBull

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