New to The Street TV welcomes back Mr. Dennis Nguyen, Founder, CEO, and Chairman at Society Pass, Inc. (NASDAQ: SOPA). From the Nasdaq Marketplace studio, Dennis provides TV Host Jane King with a corporate update on the Company’s business activities throughout Southeast Asia. As a leading data-driven loyalty and e-commerce ecosystem, Society Pass’s digital ecosystem growth continues with a focus on different business verticals, including lifestyle, telecom, travel, food/beverage, and digital media. Dennis explains that SOPA looks at each potential acquisition with a strict matrix. A target entity must have visionary entrepreneurs, founders with recognizable credentials, a 3–4-year successful track record, and 50-70% growth rates. Acquisition targets must be within 5-countries of interest, Singapore, Vietnam, Indonesia, Thailand, and the Philippines. Society Pass plans to join all its businesses with its Society Points loyalty platform. The ecosystem continues growing, with over 3.3 million registered users and over 200,000 registered merchants. As the ecosystem grows, the reward points become more valuable. The Company’s recent acquisition of NusaTrip, a leading Indonesia-based online travel agency, added over 1.2 million registered users to the SOPA ecosystem. Its subsidiary, Leflair.com, Vietnam’s leading lifestyle e-commerce platform, continues growing with more end-users onboarding onto the ecosystem. With SOPA’s many verticals, some compare the Company to an Asian Amazon and Instacart, which Dennis told viewers was a big compliment on management’s ongoing successes. The on-screen QR code is available during the show; download or visit Society Pass, Inc. – https://thesocietypass.com/.
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