Greenridge Global Initiates Equity Research on Society Pass Inc (Nasdaq: SOPA): Loyalty Wallet-Based eCommerce Ecosystem & Influencer Advertising Agency Poised for Outsized Growth In Fast Growing Southeast Asia
November 02 2023 - 1:13PM
via NewMediaWire – Greenridge Global LLC (“
Greenridge
Global”) initiates 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) to view
the full Greenridge Global Equity Research Report.
About Greenridge Global LLCGreenridge
Global was founded in June 2012 with the aim of providing a range
of institutional services to small cap and Asian-based companies
who have been abandoned by traditional broker-dealers.
Greenridge’s growing team has a rich history of working in buyside,
sell-side and investment banking capacities in the US and Asia,
enabling it to have a broad network of investors and industry
partners. We look forward to providing a high level of value
added service to our corporate and investor clients around the
world. For more information on Greenridge Global, please visit:
Website at https://www.greenridgeglobal.com/home.html.
About Society Pass Inc.Founded in 2018 as
a data-driven loyalty, fintech and e-commerce ecosystem in the
fast-growing markets of Vietnam, Indonesia, Philippines, Singapore
and Thailand, which account for more than 80% of the SEA
population, and with offices located in Bangkok, Ho Chi Minh City,
Jakarta, Manila, and Singapore, Society Pass Incorporated
(Nasdaq: SOPA) is an acquisition-focused holding company
operating 5 interconnected verticals (loyalty, digital media,
travel, telecoms, and lifestyle), which seamlessly connects
millions of registered consumers and hundreds of thousands of
registered merchants/brands across multiple product and service
categories throughout SEA.
Society Pass completed an initial public
offering and began trading on the Nasdaq under the ticker SOPA in
November 2021.
SoPa acquires fast growing e-commerce companies
and expands its user base across a robust product and service
ecosystem. SoPa integrates these complementary businesses through
its signature Society Pass fintech platform and circulation of its
universal loyalty points or Society Points, which has entered beta
testing and is expected to launch broadly at the beginning of 2023.
Society Pass loyalty program members earn and redeem Society Points
and receive personalised promotions based on SoPa’s data
capabilities and understanding of consumer shopping behaviour. SoPa
has amassed more than 3.7 million registered consumers and over
650,000 registered merchants and brands. It has invested 2+ years
building proprietary IT architecture to effectively scale and
support its consumers, merchants, and acquisitions.
Society Pass leverages technology to tailor a
more personalised experience for customers in the purchase journey
and to transform the entire retail value chain in SEA. SoPa
operates Thoughtful Media Group, a Thailand-based, social
commerce-focused, premium digital video multi-platform network;
NusaTrip, a leading Indonesia-based Online Travel Agency; VLeisure,
Vietnam’s leading provider of hotel management and payment
solutions; Gorilla Global, a Singapore-based, mobile network
operator; Leflair.com, Vietnam’s leading lifestyle e-commerce
platform; Pushkart.ph, a popular grocery delivery company in
Philippines; and NextGen Retail, a Indonesia-based e-commerce
platform.
For more information on Society Pass, please
visit:
Website at https://www.thesocietypass.com or
LinkedIn at
https://www.linkedin.com/company/societypass or
Facebook at
https://www.facebook.com/thesocietypass or
Twitter at https://twitter.com/society_pass
or
Instagram at
https://www.instagram.com/societypass/.
Cautionary Note Concerning Forward-Looking
StatementsThis press release may include “forward-looking
statements,” within the meaning of Section 27A of the Securities
Act of 1933, as amended, and Section 21E of the Securities Exchange
Act of 1934, as amended. All statements other than statements of
historical fact included in this press release are forward-looking
statements. When used in this press release, words such as
“anticipate”, “believe”, “estimate”, “expect”, “intend” and similar
expressions, as they relate to us or our management team, identify
forward-looking statements. Such forward-looking statements are
based on the beliefs of management, as well as assumptions made by,
and information currently available to, the Company’s management.
Actual results could differ materially from those contemplated by
the forward-looking statements as a result of certain factors
detailed in the Company’s filings with the SEC. All subsequent
written or oral forward-looking statements attributable to us or
persons acting on our behalf are qualified in their entirety by
this paragraph. Forward-looking statements are subject to numerous
conditions, many of which are beyond the control of the Company,
including those set forth in the Risk Factors section of the
Company’s registration statement and prospectus relating to the
Company’s initial public offering filed with the SEC. The Company
undertakes no obligation to update these statements for revisions
or changes after the date of this release, except as required by
law.
Media Contact:
Rokas SidlauskasChief Marketing
Officer
rokas@thesocietypass.com
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