JB Financial Group takes a major step in Vietnam's fintech sector by acquiring a minority stake in retail investment app Infina。The move is reportedly aimed at strengthening JB Securities Vietnam's presence in the Southeast Asian country and tapping into its growing stock market potential.。

Infina's expansion plans

With more than 500,000 monthly active users, Infina aims to diversify into the securities sector and expand its reach into neighboring countries such as Cambodia.。The partnership with JB Financial Group is an important catalyst for Infina's ambitions, providing it with a path to local and global markets.。

Kim Doo-yoon, CEO of Vietnam JB Securities, said: "In the Vietnamese securities market (with) huge development potential, working with various local partners such as fintech companies is an ideal way to expand the customer base.。We will work closely with Infina to create examples of co-existing ecosystems with fintech companies。"

Hanoi-based Vietnam JB Securities has been steadily expanding its range of financial services。From stockbroking to corporate bond issuance management, the company launched its Finavi securities trading platform in 2023 to pioneer the mobile stock trading and margin loan markets.。

Future Prospects and Cooperation Efforts

JB Securities (Vietnam) CEO Kim Doo-yoon highlights potential of partnering with local fintech players in Vietnam's booming market。

JB Financial Group's foray into Vietnam's fintech sector goes far beyond Infina。The group has made strategic investments in Korean fintech companies such as Hanpass and Finda, with the goal of building partnerships in the fast-growing fintech sector.。

Last month, Blue Ocean Technologies, a major player in transaction services, expanded its global presence through partnerships with South Korea, Hong Kong and Japan.。The company's partnership with DriveWealth marks a major step forward in improving stock trading and data availability for investors.。

Blue Ocean Technologies' partnership with DriveWealth aims to provide stock trading access, bridge time zone differences and facilitate trade execution。DriveWealth's connectivity enables 24 / 7 real-time trading to meet the needs of investors in different regions, regardless of local trading hours。