JB Financial Group has taken a significant step into
Vietnam’s fintech sector by acquiring a minority stake in the retail investing
app Infina. According to the Korea Herald, this move aims to bolster JB
Securities Vietnam’s presence in the Southeast Asian country and tap into its
growing stock market potential.
Infina, boasting over 500,000 monthly active users,
seeks to diversify into the securities realm and extend its footprint to
neighboring countries like Cambodia. The collaboration with JB Financial Group
serves as a crucial catalyst for Infina’s expansion ambitions, offering a
pathway to local and global markets.
JB Securities Vietnam’s CEO, Kim Doo-yoon,
mentioned: “In the Vietnamese stock market (which has) great growth
potential, collaboration with various local partners such as fintech companies
can be a desirable way to expand the customer base. We will create a case for
building a coexistence ecosystem with fintech companies through close
collaboration with Infina.”
JB Financial Group on Thursday said it will acquire a minority stake in Vietnam’s retail investing app Infina, in a bid to help the group’s securities affiliate expand its customer base in the Southeast Asian country.https://t.co/WNqwqzcgpu
— The Korea Herald 코리아헤럴드 (@TheKoreaHerald) March 8, 2024
JB Securities Vietnam, headquartered in Hanoi, has
been steadily broadening its financial service offerings. From stock brokerage
to corporate bond issuance management, the firm launched the Finavi securities
trading platform in 2023 to tap into mobile stock trading and margin loan
markets.
Future Prospects and Collaborative Endeavors
The CEO of JB Securities Vietnam, Kim Doo-yoon,
emphasized the potential of collaboration with local fintech players in
Vietnam’s thriving market.
JB Financial Group’s foray into Vietnam’s fintech
landscape extends beyond Infina. With strategic investments in Korean fintech
entities like Hanpass and Finda, the group targets partnerships in the rapidly
evolving financial technology sector.
Last month, Blue Ocean Technologies, a key player in
the trading services sector, expanded its global presence with partnerships
across South Korea, Hong Kong, and Japan. The firm’s collaboration with
DriveWealth marked a significant step in its efforts to enhance the accessibility of equities
trading and data availability for investors.
The partnership between Blue Ocean Technologies and
DriveWealth aims to provide access to equities trading and bridge time zones to
facilitate trade executions. DriveWealth’s connectivity enables real-time
trading 24/7, catering to investors across various regions, regardless of their
local trading hours.
JB Financial Group has taken a significant step into
Vietnam’s fintech sector by acquiring a minority stake in the retail investing
app Infina. According to the Korea Herald, this move aims to bolster JB
Securities Vietnam’s presence in the Southeast Asian country and tap into its
growing stock market potential.
Infina, boasting over 500,000 monthly active users,
seeks to diversify into the securities realm and extend its footprint to
neighboring countries like Cambodia. The collaboration with JB Financial Group
serves as a crucial catalyst for Infina’s expansion ambitions, offering a
pathway to local and global markets.
JB Securities Vietnam’s CEO, Kim Doo-yoon,
mentioned: “In the Vietnamese stock market (which has) great growth
potential, collaboration with various local partners such as fintech companies
can be a desirable way to expand the customer base. We will create a case for
building a coexistence ecosystem with fintech companies through close
collaboration with Infina.”
JB Financial Group on Thursday said it will acquire a minority stake in Vietnam’s retail investing app Infina, in a bid to help the group’s securities affiliate expand its customer base in the Southeast Asian country.https://t.co/WNqwqzcgpu
— The Korea Herald 코리아헤럴드 (@TheKoreaHerald) March 8, 2024
JB Securities Vietnam, headquartered in Hanoi, has
been steadily broadening its financial service offerings. From stock brokerage
to corporate bond issuance management, the firm launched the Finavi securities
trading platform in 2023 to tap into mobile stock trading and margin loan
markets.
Future Prospects and Collaborative Endeavors
The CEO of JB Securities Vietnam, Kim Doo-yoon,
emphasized the potential of collaboration with local fintech players in
Vietnam’s thriving market.
JB Financial Group’s foray into Vietnam’s fintech
landscape extends beyond Infina. With strategic investments in Korean fintech
entities like Hanpass and Finda, the group targets partnerships in the rapidly
evolving financial technology sector.
Last month, Blue Ocean Technologies, a key player in
the trading services sector, expanded its global presence with partnerships
across South Korea, Hong Kong, and Japan. The firm’s collaboration with
DriveWealth marked a significant step in its efforts to enhance the accessibility of equities
trading and data availability for investors.
The partnership between Blue Ocean Technologies and
DriveWealth aims to provide access to equities trading and bridge time zones to
facilitate trade executions. DriveWealth’s connectivity enables real-time
trading 24/7, catering to investors across various regions, regardless of their
local trading hours.
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- Source: https://www.financemagnates.com//fintech/jb-financial-group-dives-into-vietnams-fintech-space-acquires-minority-stake-in-infina/
