Opera Limited, a Norwegian software company popular for its Opera and Opera Mini web browsers, has completed the acquisition of Pocosys, an Estonian provider of white label banking software and services. It has also entered into a commercial relationship with Pocopay, a sister company of Pocosys and a smart mobile finance app. Opera’s acquisition of Pocopay is subject to approval from the Estonian Financial Supervisory Authority. Opera will make available new offerings across fintech, classifieds, and content. The acquisitions will also help Opera to open its new fintech services hub in Europe as Pocosys is based in Tallinn, Estonia.
“Estonia is a great place for attracting talent for any fintech efforts in Europe. The country is a thriving center for fintech startups, and is among the world’s most digitized countries,” said Founder of Pocosys, Indrek Neivelt.
Opera excited about future fintech plans associated with Pocosys
“Our company is very excited to join the Opera family. Opera is a leading consumer technology company in Europe, and Pocosys’ solutions will be allowing Opera to further expand its unique product offering, entering new categories,” said CEO of Pocosys, Oksana Tolmatshova.
In order to allow for future synergies between Opera’s browser and fintech businesses, Opera is looking to add more skill sets and capabilities with the help of the acquisition of Pocosys.
“The way we use financial services has started to change rapidly. Opera sees a lot of potential for easier and better services. Our company, needless to say, is excited about Opera’s future fintech plans associated with our existing brand and Pocosys,” said Opera’s Krystian Kolondra, EVP Browsers and European Fintech.
In December 2019, Opera partnered with African music sharing platform Mdundo to provide free downloadable music in nine African countries. In the same month, it announced the availability of its gaming browser Opera GX for macOS users.