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Finance & Economics

Opera acquires digital bank

Jul 10, 2020

Opera is going to launch new services aimed at improving consumers’ personal finances

Opera

Opera acquires digital bank. Source: shutterstock.com

According to Nasdaq, Opera intends to acquire Lithuanian-based Fjord Bank subject to regulatory approval. The purchase will allow Opera to further accelerate its fintech operations across Europe.

With the acquisition of AB Fjord Bank, Opera will become the owner of a bank, which is launching its first deposit and loan service in Lithuania during this summer.

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
Krystian Kolondra, EVP Opera

We’ve reported that Nicolas Weng Kan?has been announced as the CEO of Yolt. He has spent the last 6 years in senior roles such as the CEO of Google Compare and Confused.com, and the Head of Operations for UK insurer, Admiral.

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