Society Pass Inc. (NASDAQ: SOPA)

Society Pass Inc. (NASDAQ: SOPA)

Society Pass Inc. (NASDAQ: SOPA) is a digitally-focused loyalty and data marketing ecosystem in Vietnam, Indonesia, Philippines, Singapore, and Thailand. Founded in 2018 and headquartered in Singapore, it operates 6 interconnected verticals including loyalty, lifestyle, F&B delivery, telecoms, digital media, and travel. With offices in Bangkok, Hanoi, Ho Chi Minh City, Jakarta, Manila, and Singapore, it seamlessly connects millions of registered consumers and hundreds of thousands of registered merchants/brands in SEA.

With a business model centered around analyzing user data through its Society Pass loyalty platform and circulation of its universal loyalty points or Society Points, SOPA drives customer acquisition and increases customer retention for merchants. Since its inception, SOPA has amassed over 3.3 million registered consumers and over 650,000 registered merchants/brands onto its platform.

Leveraging technology to offer a more personalized customer experience, SOPA operates several key entities including Leflair.com, Vietnam’s leading lifestyle e-commerce platform; Pushkart.ph, a popular grocery delivery company in the Philippines; Handycart.vn, a leading restaurant delivery service in Vietnam; Mangan, a leading local restaurant delivery service in the Philippines; Gorilla Networks, a web3-enabled mobile blockchain network operator in Singapore; Thoughtful Media Group, a social commerce-focused digital video multi-platform network based in Bangkok; and NusaTrip, a leading online travel agency in Jakarta and across SEA.

On 09 November 2021, Society Pass Inc. successfully completed its IPO and debuted its listing on Nasdaq Capital Market as SOPA. The latest investment in SOPA was a $10.00M Post-IPO Equity investment on 21 August 2023.