Opera is expanding beyond its web web browser company.
Browser manufacturer Opera’s expansion into money-lending solutions in Kenya, India and Nigeria evidently violates Bing’s guidelines against short-term loans, a study from investment and research company Hindenburg Research concluded. The news headlines has pressed Opera’s stock 22% reduced since Wednesday, a move that will help Hindenburg generate income because it bet that the business’s share cost would fall.
The Hindenburg report provides samples of Opera’s « predatory short-term financing » apps — OKash and OPesa in Kenya, CashBean in India and OPay in Nigeria — providing loans which are because quick as 15 times. (suite…)