Opera, one of the world’s leading web browsers with a user base of more than 350 million people, has completed the acquisition of the Estonian-based company Pocosys, as well as an sign an agreement to further take over Pocopay, a sister company, which holds a payment institution license and provides financial services in the European Union.
The value of the acquisition has not been disclosed.
With these acquisitions, Tallinn will become Opera’s second European hub for fintech services, following Gothenburg, Sweden. Founded in 2015, Pocosys provides modern banking technologies to fintech companies. It has previously licensed its financial software to companies in Japan, Ghana and the UK.
“The way we use financial services is starting to change rapidly,” said Krystian Kolondra, EVP Browsers and European Fintech at Opera. “We see a lot of potential for better and easier services. Needless to say we are excited about our future fintech plans associated with Pocosys and our existing brand.”
Read the full story at emerging-europe.com.