Norwegian software business Opera has acquired Estonian FinTech Pocosys.
In Brief:
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Pocosys is a Bankingas-a-Service platform.
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The company will also purchase the FinTech’s sister company Pocopay.
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Opera began in the 1990s and its browser is used across computers and smartphones, with 50mn monthly active users in Europe.
What does this mean?
Following the purchase of the Estonian FinTech, Opera will make Tallinn its second European FinTech hub – its current hub is Gothenburg in Sweden. Opera will combine its browser and FinTech business to enhance its offering and skillsets.
