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 country and tap into its growing stock market potential.

Infina's Expansion Plans

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 Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term in 2023 to tap into mobile stock trading and margin loan markets.

Future Prospects and Collaborative Endeavors

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 Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term 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.