EedenBull, a leading payment fintech company, specialising in B2B and commercial payment technology, has announced the appointment of Eilin Schjetne as the new CEO to scale the company into a new global growth phase.

Norwegian headquartered EedenBull’s innovative spend management platform helps banks be more relevant in today’s competitive banking environment and enables the banks to support their SMB customers become more efficient. EedenBull has its technology development centre based in Edinburgh, Scotland.

Schjetne has over 20 years of experience in the banking and payments industry, both with established players and challengers. Most recently, she was the General Manager for digital bank, Lunar, in Norway, building the bank for consumers and small businesses. Previously, she was Product Director at Visa for the Nordic and Baltic region and had a role in Visa´s global team for Real-Time Payments and Open Banking as Partnership lead for Europe. Schjetne has also held leadership positions at DNB ASA, the largest bank in Norway, in product and business development in the corporate payment and cash management solutions division.

Founder and former CEO EedenBull Nicki Bisgaard will return to the PayTech Group, the payments advisory company he founded more than 20 years ago and act as a special advisor to the EedenBull team particularly focusing on business development globally.

 Eilin Schjetne, CEO, EedenBull said; "I am humbled in the face of this challenge and grateful for the board's decision to invest in an ambitious leader to take EedenBull to the next level. I believe my broad experience from banking and fintech, along with our fantastic team, our highly competent board and our large global partners will enable us to collectively execute our strategic growth plans."

With several Nordic banks as investors, EedenBull provides a spend management platform for SMBs through more than 60 banks in the Nordics and Australia. With additional partnerships in the pipeline, EedenBull is expected to grow its global footprint. EedenBull’s spend management platform offers businesses and employees a comprehensive and controlled approach to managing company expenses.

Jeremy Nicholds, Non-Executive Chair at EedenBull said; "These are exciting times for EedenBull, with the company now gaining significant traction in its home markets as well as globally. We are delighted to bring in someone of Eilin’s experience in banking and corporate payments and the capabilities as our new CEO to take the company through its next phase of growth and development. We are indebted to EedenBull’s founder and former CEO, Nicki Bisgaard, for his visionary leadership that has brought us to where we are today.”

Creating a fintech unicorn

The company is now focused on scaling up, which means further commercialisation to roll out services at a faster pace, both in new and existing markets.

Schjetne continued; “From experience, I know that scaling costs. Therefore, one of the first things I will focus on is ensuring sufficient capital for our growth ambitions. We invite both financial and industrial investors to join us on the journey towards creating Norway's first fintech unicorn. Despite a volatile investment climate, we are confident that there is capital for innovative products from ambitious companies in a growing market that generates healthy revenues, which is EedenBull.”

Schjetne has also been Product Director in Nets with responsibility for Norwegian payment solutions for consumers and businesses. Eilin holds an MSc from the London School of Economics.