Eedenbull is to become the latest firm to join Scotland’s growing fintech sector and create 20 new roles in the process.

The Oslo-based company, which has bases in London as well as Dubai and Singapore, will use its Edinburgh hub to support the development of products and services for the digitisation of banking services.

The £225,000 grant announcement was made during a visit to the firm’s offices in the Exchange Place business district by trade and investment minister Ivan Mckee.

Nicki Bisgaard, co-founder and chief executive of Eedenbull, said: “New regulations, new technologies and new players are forever changing the way consumers and businesses think about payments.

“We want to drive change and develop new and innovative payment services. After very careful consideration we chose Edinburgh as our global technology hub. Access to talent, a thriving fintech scene and governmental support made that an easy decision.”

Mr Mckee said: “This £225,000 Scottish Enterprise RSA grant will help support their innovative work and support business growth. We have a growing fintech sector, with an increasing number of companies now operating in financial services across the country.”