Opera , a freeware web browser founded in Norway, intends to buy Lithuania-based fintech start-up Fjord Bank.
The digital challenger was founded in 2017 by Norwegian and Swedish investors Svein Ovrebo, Joakim Mandorsson and Stig Myrseth.
The deal, agreed in May, saw Opera acquire a 9.9% interest in Fjord Bank via a share subscription on 3 July 2020. The acquisition of the remaining 90.1% of Fjord Bank is pending regulatory approval.
In December 2019, the digital challenger landed a specialised bank licence from the European Central Bank (ECB).
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Web browser Opera to buy digital challenger Fjord Bank - FinTech Futures
Opera, a freeware web browser founded in Norway, intends to buy Lithuania-based fintech start-up Fjord Bank. The digital challenger was founded in 2017.
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