JB Financial Group Acquires Minority Stake in Vietnamese Investment App Infina – Fintech Singapore

South Korea’s JB Financial Group has announced a strategic acquisition of a minority stake in Infina, a retail investing application based in Vietnam.

Under the terms of the partnership, JB Financial Group will initially acquire 3.9 percent of Infina’s shares, with the potential to increase its stake to approximately 5 percent. This expansion is contingent on the success of the collaborative efforts between JB Securities Vietnam and Infina.

According to The Korea Herald, this investment is part of JB Financial Group’s plan to extend the customer reach of its securities division, JB Securities Vietnam, within the rapidly growing market.

JB Securities Vietnam, operating out of Hanoi, provides a comprehensive range of financial services including stock brokerage, corporate bond issuance management, and investment solutions.

Highlighting the strategic importance of this partnership, JB Securities Vietnam’s CEO, Kim Doo-yoon, emphasised the immense growth potential of the Vietnamese stock market.

Kim Doo-yoon

Kim stated,

“Collaboration with diverse local partners, especially in the fintech sector, is a strategic approach to widen our customer base. Our alliance with Infina is a step towards creating a symbiotic ecosystem that benefits both entities.”

Infina, with a user base of over 500,000 monthly active users, is poised to diversify its offerings. Currently focused on deposit-centric services, Infina aims to expand into the securities sector and explore market opportunities in neighboring countries, including Cambodia.

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• Source: https://fintechnews.sg/92953/vietnam/jb-financial-group-acquires-minority-stake-in-vietnamese-investment-app-infina/