Opera Limited has announced an agreement to acquire AB Fjord Bank, a full-digital consumer finance bank. the acquisition will enable it to accelerate its fintech operations in Europe by launching new, disruptive services aimed at improving consumers’ personal finances.
Opera has already ventured into fintech in Europe with the acquisition of the Estonian fintech company PocoSys, which enabled Opera to build on Pocosys’ unique digital wallet and payment technology. Opera is currently testing a new version of the Pocopay card and app ahead of the launch in its first European market.
With the acquisition of AB Fjord Bank, Opera will become the owner of a specialized bank, which is launching its first deposit and loan service in Lithuania during the summer of 2020.
Krystian Kolondra, EVP Opera, said,“ Opera has been making innovative browsers and apps for 25 years. Our browsers are the personal choice of millions of people who prefer them over those that come preinstalled on their devices,”
“Looking at the fintech space in Europe, we believe it needs more and bigger challengers who should provide people with smarter and empowering solutions for their personal finances.”
“We are looking forward to joining the Opera family, and accelerating its plans to grow its unique product offering,” said Veiko Kandla, CEO of AB Fjord Bank,
“With the support of Opera, we are also excited to launch our first banking services in Lithuania this summer.”
