Society Pass Incorporated engages in the acquisition and operation of e-commerce platforms for consumers and merchants in Southeast Asia. The company's e-commerce interfaces include consumer facing segment comprising SoPa food & beverage App, SoPa.asia F&B Marketplace website, Leflair App, and Leflair Lifetyle Marketplace website; and merchant facing segment, such as #HOTTAB Biz App, #HOTTAB POS App, and Hottab.net admin website. Its loyalty-focused e-commerce marketing platform interfaces connect consumers with merchants in the F&B and lifestyle sectors. The company was formerly known as Food Society, Inc. and changed its name to Society Pass Incorporated in October 2018. Society Pass Incorporated was incorporated in 2018 and is based in Carson City, Nevada.
IPO Year: 2021
Exchange: NASDAQ
Website: thesocietypass.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/11/2023 | $3.50 | Buy | Ascendiant Capital Markets |
| 2/24/2022 | $9.00 | Buy | Maxim Group |
Ascendiant Capital Markets initiated coverage of Society Pass with a rating of Buy and set a new price target of $3.50
Maxim Group initiated coverage of Society Pass with a rating of Buy and set a new price target of $9.00
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This press release clarifies information in the press release from April 15, 2022. Society Pass Incorporated (SoPa) (Nasdaq: "SOPA"), a leading Southeast Asia loyalty and ecommerce ecosystem and parent company of Leflair Inc ("Leflair Group"), announced today the completion of corporate restructuring of Leflair's Vietnam operations into Leflair Group – a new integrated lifestyle retail ecosystem to compete in Southeast Asia's 100B+ USD retail market. SoPa introduced a new management team to facilitate this restructuring and announced the appointment of Loic Gautier – Co-founder and Former CEO of Leflair as the new Group CEO, and Ngo Thi Cham – Vietnam Country Head of SOPA as the Group
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NEW YORK, May 30, 2025 (GLOBE NEWSWIRE) -- Ascendiant Capital Markets LLC ("Ascendiant") publishes equity research coverage on Society Pass Inc. (NASDAQ:SOPA) ("SoPa" or the "Company"), Southeast Asia's (SEA) next generation, data-driven, loyalty, fintech and e-commerce ecosystem. Click Here (on Society Pass website) or here (on Ascendiant website) to view the full Ascendiant Capital Markets Equity Research Report. Summary Points: 2 IPOs Planned: In October 2023, the company announced plans to spinoff two of its businesses in IPOs in 2024 (originally planned), its digital advertising ecosystem, Thoughtful Media Group Inc., and its online travel platform, NusaTrip Inc. Ascendiant believe
SINGAPORE, June 20, 2024 (GLOBE NEWSWIRE) -- Society Pass Inc. (NASDAQ:SOPA), Southeast Asia's premier data-driven loyalty, fintech, and e-commerce ecosystem, is gearing up for the upcoming IPOs of its key subsidiaries, NusaTrip.com and Thoughtful Media Group. NusaTrip.com, a leading travel platform in Indonesia, and Bangkok's innovative advertising agency, Thoughtful Media Group, are set to undergo significant enhancements to increase customer engagement, expand market reach, and deliver unparalleled solutions to users and brands across Southeast Asia. NusaTrip.com, a leading travel booking platform in Indonesia, announced a technical re-platforming of its platform, centered arou
SINGAPORE, May 28, 2024 (GLOBE NEWSWIRE) -- Ascendiant Capital compiles a report on The Society Pass (NASDAQ:SOPA) fiscal Q4 2023 results and estimates adjusted revenue of $10million. Ascendiant Capital believes that continued strong economic expansion, robust population growth, rising level of urbanization, the emergence of the middle class, and the increasing rate of adoption of mobile technology provide large and fast-growing opportunities for Society Pass. In October 2023, The Society Pass announced plans to spinoff two of its businesses via IPOs in 2024, the digital advertising ecosystem, Thoughtful Media Group Inc, and its online travel platform NusaTrip Inc. Ascendiant Capital bel
SINGAPORE, May 16, 2024 (GLOBE NEWSWIRE) -- Society Pass Inc. (NASDAQ:SOPA) ("SoPa" or the "Company"), a leading e-commerce ecosystem in Southeast Asia ("SEA"), announced a formal notification from The Nasdaq Stock Market LLC ("Nasdaq") that the Company has regained compliance with Listing Rule 5550(a)(2), which requires the Company's common stock to maintain a minimum bid price of $1.00 per share. Nasdaq made this determination after the closing bid price for Company's stock was at $1.00 per share or greater for the prior 10 consecutive business days. Accordingly, the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2) and Nasdaq considers the prior bid price deficiency m
SINGAPORE, May 01, 2024 (GLOBE NEWSWIRE) -- Society Pass Inc. (NASDAQ:SOPA) ("SoPa" or the "Company"), a leading e-commerce ecosystem in Southeast Asia ("SEA"), is excited to offer additional details related to its successful financing of future growth initiatives, including the Company's ability to spin off various subsidiaries to monetize intrinsic value and finance future acquisition opportunities. As announced on April 24, 2024, following the recent securing of an equity line of up to $40 million through Strattners Bank SA—to support potential public offerings of subsidiaries—the Company has begun to operationalize this significant financial resource following the issuance of its
NEW YORK, April 26, 2024 (GLOBE NEWSWIRE) -- Society Pass Inc. (NASDAQ:SOPA) ("SOPA" or the "Company"), Southeast Asia's (SEA) next generation, e-commerce ecosystem, today announced that the board approved a proposed 1-for-15 shares reverse split of its common stock (the "Reverse Split"). Beginning with the opening of trading on May 1, 2024, the Company's common stock will begin trading on a post-Reverse Split basis on the Nasdaq Capital Market under the same symbol "SOPA", but under a new CUSIP number of 83370P201. The objective of the Reverse Split is to enable the Company to regain compliance with Nasdaq Marketplace Rule 5550(a)(2) and maintain its listing on the Nasdaq Capital Market
SINGAPORE, April 24, 2024 (GLOBE NEWSWIRE) -- Society Pass Inc. (SoPa), a leading e-commerce ecosystem in Southeast Asia (SEA), announces its first drawdown on a financing line to continue its growth journey. Following the recent securing of an equity line of up to $40 million, to support Society Pass's plans for potential public offerings of its subsidiaries, SoPa has issued its first advance notice to Strattners FZCO, the Family Office of Strattners Bank SA. The notice entails the issuance of 1,000,000 shares priced at $0.18 per share, in accordance with the terms of the financing agreement. Under this agreement, the shares are acquired through a calculation based on a calculated marke
NEW YORK, Jan. 10, 2024 (GLOBE NEWSWIRE) -- Society Pass Inc. (NASDAQ:SOPA) ("SOPA" or the "Company"), Southeast Asia's (SEA) next generation, data-driven, loyalty, fintech and e-commerce ecosystem, continues to capture the attention of financial analysts and investors, receive positive recommendations and achieve significant milestones. SOPA has accomplished annual triple digit revenue growth over the past four years through its innovative business model by acquiring high growth companies such as: Thoughtful Media Group, a Thailand-based, a social commerce-focused, premium digital video multi-platform network; NusaTrip, a leading Indonesia-based Online Travel Agency; VLeisure, Vietnam's
NEW YORK, Dec. 27, 2023 (GLOBE NEWSWIRE) -- Society Pass Inc. (NASDAQ:SOPA) ("SoPa" or the "Company"), Southeast Asia's (SEA) next generation, data-driven, loyalty, fintech and e-commerce ecosystem, announces that Litchfield Hills Research ("Litchfield Hills") has initiated equity research coverage on SOPA. Click Here (on Society Pass website) to view the full Litchfield Hills Equity Research Report. Summary Points:• Investment Thesis: SOPA is a high-growth acquisitive internet services company offering advertising, travel, retail, telecom and fintech services in fast-growing SEA. Litchfield Hills forecasts positive EBITDA as SOPA shifts from its early growth strategy to a fo
NEW YORK, Dec. 13, 2023 (GLOBE NEWSWIRE) -- Society Pass Inc. (NASDAQ:SOPA) ("SoPa" or the "Company"), Southeast Asia's (SEA) next generation, data-driven, loyalty, fintech and e-commerce ecosystem, and Thoughtful Media Group Inc ("Thoughtful Media Group" or "TMG"), a Thailand-based social commerce-focused, premium digital advertising network of the SoPa ecosystem, announces that Greenridge Global LLC ("Greenridge") has initiated equity research coverage on TMG. Click Here (on Society Pass website) to view the full Greenridge Equity Research Report. Summary Points:• Corporate Summary: Founded in 2010, TMG aims to be the premier digital advertising firm in SEA and offers creative stra
NEW YORK, Oct. 28, 2022 (GLOBE NEWSWIRE) -- New to The Street celebrates its 400th episode with an impressive lineup of corporate executive interviews, airing on the Newsmax station Sunday, October 30, 2022, 10-11 AM ET. New to The Street's milestone episode #400 features the following nine corporate guest interviews: 1). Ecology Solutions- The Sustainable Green Team (OTC:SGTM) ($SGTM) and VRM BioLogik Group, a Corporate documentary. 2). Pet Health -PetVivo Holdings, Inc.'s (NASDAQ:PETV) (NASDAQ:PETVW) ($PETV) interview with John Lai, CEO & President. 3). Mining- Tocvan Ventures Corp.'s (OTC:TCVNF) (CSE:TOC) (FSE: TV3) ($TCVNF) in
Jakarta, Indonesia, Aug. 15, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- Society Pass Inc(NASDAQ:SOPA), Southeast Asia's ("SEA") next generation digital ecosystem, announces the acquisition of NusaTrip("NusaTrip"), a leading Jakarta-based Online Travel Agency ("OTA") in Indonesia and across SEA. The NusaTrip acquisition extends SoPa's business reach into the booming SEA regional travel industryand marks SoPa's first foray into Indonesia as well as adds to SoPa's growing ecosystem of technology-enabled companies located in Vietnam, Indonesia, Philippines, Singapore and Thailand. Established in 2013 as the first Indonesian OTA accredited by the International Air Transport Association, Nu
New York, NY, Aug. 08, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- Spartan Capital Securities LLC ("Spartan Capital") issues Equity Research Report on Society Pass Inc.(NASDAQ:SOPA) ("SoPa"). Click Here (on Society Pass website) to view the full Spartan Capital Equity Research Report. Summary Points:• Q2 revenue was $500k, versus less than $10k in the year-ago period as revenue from the flurry of acquisitions the company is engaged in starts to flow in. With several more acquisitions that have closed or are scheduled to close in Q3, so just with acquisitions, Spartan Capital sees revenue increasing significantly. • A year ago, SoPa's only operating business unit was #HOTTAB, and
Summary Points: • Second quarter 2022 unaudited revenues grew 5,669% year on year (from $7,783 for second quarter ended 30 June 2021 to $445,090 for second quarter ended 30 June 2022). • 1st half 2022 unaudited revenues grew 5,360% year on year (from $17,289 for 1st half ended 30 June 2021 to $944,152 for 1st half ended 30 June 2022). • With cash on hand of $28.0 million on 30 June 2022, SoPa is well capitalised for roll out of Society Pass loyalty platform and continuing acquisitions of Southeast Asia ("SEA") companies in lifestyle, food & beverage, digital media, and travel verticals for the rest of 2022. • Since inception, SoPa has onboarded 2.1 million registered consumers and over 6
SoPa acquires Mangan.ph ("Mangan"), the leading local restaurant delivery service in PhilippinesMangan.ph represents SoPa's second acquisition in Philippines and its third overall F&B acquisition as SoPa continues to expand its digital ecosystem throughout Southeast Asia ("SEA")SoPa creates a one-stop food delivery solution in Philippines with both its grocery delivery service, Pushkart, and restaurant delivery service, ManganSince its launch in December 2017, Mangan has onboarded over 500,000 registered consumers, over 80,000 social media followers, and over 1,200 registered restaurants as well as generating over 100,000 mobile app downloads onto its platform. Leveraging its +200 rider/
SoPa acquires first company in Thailand and continues network expansion of its digital ecosystem throughout Southeast Asia ("SEA") Thoughtful Media's social commerce-focused Multi-Platform Network ("MPN") in Thailand, Vietnam, Philippines and the US amplifies SoPa's loyalty offering Thoughtful Media recorded revenues of US$5.8 million in 2021, forecasts significant revenue growth in 2022 and beyond Thoughtful Media's data-rich MPN has uploaded over 675,000 videos with over 80 billion video views since 2010, and the current network of 263 YouTube Channels has onboarded over 85 million subscribers SoPa sees significant cross-marketing and revenue generation synergies between Thoughtful Me
Society Pass (SoPa) makes its first Singapore acquisition, Gorilla Networks, a leading next generation Blockchain/Web3 mobile virtual network operator ("MVNO"). Gorilla Networks is the first blockchain/Web3-enabled MVNO to offer contract-free, on-demand mobile service as non-fungible tokens ("NFTs"). Users convert unused mobile data into digital assets- Gorilla GO tokens With mobile data network coverage in over 160 countries, Gorilla Networks expects to dramatically increase its user base and expand throughout Southeast Asia with the rebound of the travel market in 2Q/3Q 2022 SoPa will incorporate Gorilla Networks' proprietary blockchain/Web3 technology onto the rest of SoPa ecosystem
NEW YORK, NY, May 23, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – Argus Research Co ("Argus") issues Equity Research Update on Society Pass Inc. (NASDAQ:SOPA). Click Here to view full Argus Research Equity Research Update. Summary: The company's recent market cap near $40 million is less than one-time Argus' 2022 year-end revenue run-rate forecast of $50 million, well below the average multiple of more than six for a basket of comparable e-commerce peers. In May 2022, Society Pass reported first-quarter 2022 revenues of $445,090, representing more than 4,600% growth over the prior-year period. As of March 31, 2022, Society Pass held nearly $31 million in cash on its balance sheet, with
New York, , May 19, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- Maxim Group LLC ("Maxim") issues Equity Research Report on Society Pass Inc. (NASDAQ:SOPA). Click Here to view full Maxim Group LLC Equity Research Report. Summary: · 1Q22 results reported on May 17, 2022 with the company in the early stages of launching online services and adding new acquisitions.· Leflair, an online seller of luxury goods, was relaunched in September 2021 in Vietnam and was the main revenue contributor. Two acquisitions in grocery and delivery were announced in February 2022 as management looks to expand organic growth with M&A.· A loyalty rewards program will be launching this summer and has the po
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