Mea appoints a new CEO in Nuno Sitima, a former executive at Opera (Nasdaq: OPRA), and announces new funding of 10 million NOK from its major shareholder Idekapital. 

Today I’m starting as the CEO of Mea, this is a new challenge for me and I’m excited and honored to lead the company into this new stage of its development. 

Some words about me, I was born in Lisbon and moved to Oslo in 2001, I spent 19 years at Opera where I saw it grow from a start-up to a Nasdaq traded company with hundreds of millions of users worldwide. I had different roles in product, business development, global expansion, leading business units and the last years as part of the executive team building the fintech business for Opera. I have spent the last 20 years in multicultural environments and look forward to leading Mea into its continued global growth. 

Mea has a long history of innovation in the payments and tokenization space working with leading organizations and being a Mastercard Engage Platinum Partner, part of the Visa Token Service Ready Program and an American Express GNS partner for Amex Pay.

From this tradition of technology innovation, a new Mea was born during 2019. Quoting from last year’s announcement: “March 22, 2019 – Digital payment solutions provider, MeaWallet, today announces the completion of its transition into a refinanced independent entity, following a management buyout enabled by a substantial capital injection from venture capital firm Idekapital Fund 1.”

This milestone in March 2019 was the first step in setting up Mea as a payments platform provider, building upon the technology it developed for many years. This new company set up with the leading investment from Idekapital, employee equity participation and other key investors set up a reboot and growth plan for the company. 

Today as part of the next step in Mea as a new independent company, I’m happy to announce that our main shareholder Idekapital has invested a further 10 million Nok to support our growth.

“The world is moving further into contactless payments and software/app-based payment solutions, we see Mea’s technology leadership position as a great foundation for the launch of new services and products to address this growing market. With the new leadership and funding we are confident the company will move into its new stage of growth.” says Managing Partner, Anders Brandt, Idekapital Fund 1.

We look forward to this stage as we to new develop great products and continue to deepen the relationships with our customers and partners, expect more news from us in the future. 

Last but not least I want to thank the Mea team for their commitment in these difficult times, their energy and commitment to the company are an inspiration. Stay safe everyone. 

Cheers

Nuno Sitima