Jb Financial Group Enters the Vietnamese Fintech Space and Acquires a Minority Stake in Infina

JB Financial Group has acquired a minority stake​ in Vietnam’s fintech sector by investing in the⁤ retail investment app Infina, aiming to leverage ⁤Vietnam’s growing stock market potential. This move is intended to strengthen JB’s‍ presence and potential in the country.

Infina’s expansion ​plans

With over 500,000 active monthly users, Infina aims to expand into securities​ and neighboring countries like Cambodia. The collaboration ⁣with JB ‍Financial Group strengthens Infina’s expansion plans, opening doors ⁢to local and international markets.

Kim Doo-yoon, CEO of JB Securities Vietnam, highlighted the potential ‌for collaboration ‌with local fintech ⁤partners in the growing market. The company is focused on building a coexistence ecosystem with fintech companies to expand its customer base.

JB Securities Vietnam, headquartered in Hanoi, ‍has expanded its services to include the launch of stock broker Finavi Securities and plans for mobile ⁤trading and margin lending in 2023. The company ⁤is also exploring strategic investments in Korean fintech partners such as Hanpass and Finda.

Future prospects and cooperation efforts

In addition to its expansion in Vietnam, JB Financial Group is targeting partnerships with Korean fintech companies and has partnered with DriveWealth to improve stock trading access and data accessibility for investors.

Furthermore, the⁢ company has collaborated with DriveWealth to provide access to stock ​trading and real-time trade execution, aiming to⁢ serve investors in different regions 24/7 regardless of their location or‌ local trading hours.