JB makes strategic investment in motorbike trading platform OKXE, acquiring an 8% stake

JB Financial Group (JBFG) and its subsidiary JB Investment have joined forces to acquire an 8% stake in OKXE, a leading Vietnamese online motorbike trading platform.

This collaboration marks JBFG's second investment in a Vietnamese startup this year, following their investment in Infina in March. The partnership aims to leverage OKXE's extensive user base and JBFG's expertise in the securities sector to strengthen JBSV's (JB Securities Vietnam) position in the Vietnamese market.

Founded in 2018, OKXE has revolutionized the way Vietnamese buy and sell motorbikes by providing a safe and transparent online platform. With over 8 million users and partnerships with 2,000 dealerships, OKXE offers a comprehensive solution for motorbike transactions, including sales of both new and second-hand motorbikes.

JBSV plans to collaborate with OKXE on marketing initiatives to expand its customer reach. Additionally, both parties see an opportunity to leverage this partnership for JBFG's entry into the broader Vietnamese financial market and explore future expansion into Cambodia as OKXE grows its presence there.

This strategic alliance promises mutual benefits. OKXE aims to bridge the gap between Vietnam's financial ecosystem and motorbike users, ultimately expanding across Southeast Asia. JBFG, through its investment, seeks to strengthen JBSV's client base while solidifying its competitive edge in the region.

JBFG's presence in Southeast Asia includes JBSV in Vietnam, PPCBank in Cambodia, and JB Capital in Myanmar. This partnership with OKXE further reinforces their commitment to the region's growth.