Web browser provider Opera is acquiring Fjord Bank.
In Brief:
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This is part of the web businesses plan to expand into financial services.
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Opera has around 360mn monthly active users worldwide.
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Fjord Bank is a fully digital consumer bank, which was founded in 2017.
What does this mean?
Opera has been showing significant interest in FinTech since the beginning of the year when it acquired Estonian business PocoSys. With its new acquisitions it will be able to launch cards and apps, as well as offering services such as lending through digital platforms.
