Opera controversies

Criticism of OKash and Opesa microlending practices

Businesses associated with Opera’s African microlending activities, including OKash and Opesa, were criticized over alleged predatory lending terms, very high effective interest rates, aggressive debt-collection methods, debt shaming, and misuse or abuse of customer privacy. Opera announced a divestment from majority ownership in 2020 and later sold its remaining interest in 2022.

Class action lawsuit over Opera IPO documents

Lawsuit filed

A class action lawsuit accused Opera Limited of making materially false and misleading statements in its IPO offering documents, including statements about its business, operations and compliance policies. The allegations concern the content of the offering documents rather than any conduct outside them. The source report presents these as claims made in the complaint; it does not state that the allegations were proven or that any court reached a finding on them. The event is recorded here as a controversy note concerning the IPO documents, based solely on the allegations as reported.