Opera Limited, the company behind Opera browser, one of the leading browsers in the world has been coming up with innovative products including browsers and apps for over two decades. In a recent development, the leading global internet brand with over 360 million users all over the world has announced that it will acquire Fjord Bank. The acquisition will be complete after a regulatory approval.
Opera acquires Fjord Bank!
Headquartered in Oslo, now China-owned Opera has expressed its intention to acquire the full-digital consumer finance bank, Fjord Bank founded in 2017 by Svein Øvrebø, Joakim Mandorsson and Stig R. Myrseth. With this acquisition, Opera will be able to further accelerate its fintech operations in Europe with the launch of new and disruptive services that will improve the personal finances of customers.
The acquisition of Fjord Bank will let Opera become the owner of a specialised bank, which eyes to launch its first deposit and loan service in Lithuania this summer. Notably, in December 2019, it was granted a specialised bank license by the European Central Bank.
“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,” said Krystian Kolondra, EVP Opera. “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.”