Opera also closed an agreement to further take over Pocopay, its sister company, which holds a payment institution license and provides financial services in the European Union.
With this acquisition, Opera seeks to add additional capabilities and skill sets to allow for future synergies between its browser and fintech businesses. In addition, Tallinn will become Opera’s second European hub for fintech services, following Gothenburg, Sweden.
Founded in 2015 by Indrek Neivelt and led by Oksana Tolmatshova, CEO, Pocosys provides modern banking technologies to fintech companies. It has previously licensed its financial software to companies in Japan, Ghana and the UK.