OSLO, Norway, March 16, 2021 /PRNewswire/ — Opera Restricted (NASDAQ: OPRA), one of many world’s main browser suppliers with 380 million month-to-month energetic customers globally, as we speak introduced it has employed PayPal veteran Allen Hu to grow to be new Govt Vice President (EVP) of Dify, Opera’s fintech arm. An skilled in monetary know-how and funds, Allen Hu will lead the Dify enterprise. He brings a wealth of expertise from almost ten years at PayPal, the place he was Regional Head of World Core Funds, primarily based in California.
This information follows the latest launch of Dify in Europe. Dify’s first providing is an in-browser cashback service for on-line purchasing in addition to a Dify Pockets app, which supplies Opera’s giant person base with entry to a private account and a digital Mastercard debit card. Dify targets a fast-growing set of “energy buyers” whose on-line purchasing expertise would profit from cashback choices, a privacy-first purchasing mode, a digital debit card and finally, companies like financial savings administration, credit score and funding alternatives.
Mr. Hu gained experience in fintech as a Enterprise Associate in Sequoia Capital China, the place he targeted on investments within the fintech sector. Previous to that, he was the Normal Supervisor of Baidu Pay, the COO of the Fortune 500 firm Ping An FinTech, and the Deputy Normal Supervisor of TenPay, a Tencent firm, the place he launched WeChat Pay. WeChat Pay was reported to have 1 billion every day transactions in 2019. Hu has an engineering background, and holds a MS diploma in Pc Science from College of Iowa and an Govt MBA from CKGSB.
Krystian Kolondra, EVP Browsers & EEA Fintech at Opera, stated, “Appointing such a senior determine from the fintech and funds trade speaks to our dedication to the vertical, and to the funding and progress potential we see for Dify. Allen’s experience will probably be invaluable in serving to us drive the fintech division and obtain our ambition to proceed to deliver new companies to market underneath the Dify model.”
Allen Hu, EVP at Dify, stated, “I’m delighted to affix Opera and really excited concerning the alternative Dify has to grow to be a pacesetter in fintech. Opera’s method to initially supply its 50 million month-to-month energetic customers in Europe an internet in-browser cashback service in addition to the Dify pockets app marks the beginning of many revolutionary monetary companies Dify will supply. Simply as PayPal captured the fintech world initially with its on-line fee options, I see enormous potential for Opera to equally disrupt monetary companies and grow to be a key fintech participant by means of Dify.”
Based in 1995 in Norway, Opera delivers browsers and AI-driven digital content material discovery options to greater than 380 million MAUs worldwide. The shortly rising firm stays probably the most revolutionary browser creators on the earth. Opera is listed on Nasdaq underneath the OPRA ticker image.
Dify, constructed by Opera, takes benefit of the corporate’s experience in delivering cutting-edge web browsers and client know-how options to ship an intuitive, mobile-first method to monetary companies. Dify makes use of know-how from the Opera browser to offer trendy buyers with the very best high quality on-line expertise by making it safer, extra private and extra rewarding. The cashback service in addition to the Dify app are presently supplied in Spain in beta, with extra European markets to observe sooner or later. For extra info go to https://getdify.com.
SOURCE Opera Restricted