Category: Digitalization

Institutional Analyst: Society Pass (Nasdaq: SOPA) Acquiring and Incubating Startups in the Heart of the Asian Silicon Valley

Institutional Analyst Inc (Institutional Analyst) issues Equity Research Report on Society Pass Incorporated (SoPa) (Nasdaq: SOPA), Southeast Asia’s (SEA) next generation, data-driven, loyalty, fintech and e-commerce ecosystem.

Click here to view the full Institutional Analyst Equity Research Report. https://internetstockreview.com/initiating-coverage-on-society-pass-sopa/

Summary Points:

  • Southeast Asia: the Asian Silicon Valley – SEA, including Indonesia, Philippines, Singapore, Thailand, and VietNam much like Northern CA, is widely known for having 100’s of thousands of well-educated, technology-savvy entrepreneurs. In sum, there are thousands of companies that could potentially be acquired, partially acquired, or incubated by Society Pass to generate shareholder value.
  • Visionary and experienced founder – Led by Dennis Nguyen, a University of Chicago Booth School of Business MBA graduate and entrepreneur, and former mergers and acquisition Investment Banker at Citigroup, Credit Agricole Indosuez, and Daiwa Securities. His over 25 years of Asia-based investment banking and venture capital experience, along with his team of bankers in identifying and bringing fast-growing technology start-ups to the acquisition negotiating table, creates a true sky-is-the-limit operating scenario.
  • Strong revenue generation in 2023 – Operating at breakneck speed to take advantage of the market turbulence over the past few years and currently, SoPa’s acquisitions-focused business model has quickly assembled a portfolio of seven exciting and growing companies, each exhibiting breakthrough potential to generate over US$100 million in group sales in 2023.
  • Huge and growing user and merchant base – SoPa’s seven portfolio companies have amassed 3.3 million registered users and 205,000 registered merchants.
  • Healthy balance sheet and strong cash levels – Currently, SoPa has nearly $20 million in cash, compared to a market capitalization of just $26 million today. It’s worthy to note Mr. Nguyen controls 7.7 million shares and has voting control of over 70% of the shares.
  • Strong technology and marketing teams – SoPa’s team of software developers rapidly improves the product or service offerings of its portfolio company, while its team of eCommerce marketing experts rapidly grows the subscriber base of such start-up.
  • In house accounting, legal and corporate restructuring experts – SoPa has at its resource, business, accounting, funding, legal, and corporate structure experts. Things that if ignored, can and often do later crush the dreams of even the most talented technology start-up founder.

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 Angeles, Bangkok, Ho Chi Minh City, Jakarta, Manila, and Singapore, Society Pass Incorporated (Nasdaq: SOPA) is an acquisition-focused holding company operating 6 interconnected verticals (loyalty, digital media, travel, telecoms, lifestyle, and F&B), 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 shares were added to the Russell 2000 index in December 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 3.3 million registered consumers and over 205,000 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, a social commerce-focused, premium digital video multi-platform network; NusaTrip, a leading Indonesia-based Online Travel Agency; Gorilla Networks, a Singapore-based, web3-enabled mobile blockchain network operator; Leflair.com, Vietnam’s leading lifestyle e-commerce platform; Pushkart.ph, a popular grocery delivery company in Philippines; Handycart.vn, a leading online restaurant delivery service based in Vietnam; and Mangan.ph, a leading local restaurant delivery service in Philippines.

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 Statements
This 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 Contacts:
PRecious Communications
sopa@preciouscomms.com

Society Pass, Inc. (SOPA) / NusaTrip Expands Services to Philippines

NusaTrip, Indonesia’s first IATA-certified online travel agency (OTA) and the travel vertical of Society Pass Incorporated (Nasdaq:SOPA), today formally announces the opening of its second Southeast Asia (SEA) regional office in Philippines.

The market for Filipino tourists and foreign workers is sizable. According to the Philippine Overseas Employment Administration’s (POEA) data, approximately 2.3 million overseas Filipino workers (OFWs) were deployed in 2019. In 2021, OFW was estimated to be 1.83 million, up from 1.77 million in 2020. Based on the Department of Tourism’s November 2022 report, 73% of the 2.025 million visitors to the Philippines are foreign tourists, whereas 27% are OFWs. In 2023, the Department of Migrant Workers (DMW) aims to increase the number of overseas Filipino workers. The majority of OFWs work in the service sector, such as domestic help, healthcare, engineering, and construction. By 2020, Asia employed 83.6% of OFWs, followed by Europe, America, and Australia.

NusaTrip CEO Johanes (Joe) Chang elaborates, “Considering the market’s size and potential, the Philippines is an essential market for our ecosystem. NusaTrip aims to be the promotion partners for the Philippines tourism boards and become the travel hub that helps to connect overseas Filipinos with their home country. We are excited to collaborate with the local businesses. It will accelerate and improve the quality of our synergies and customer growth rate in Southeast Asia. In addition, given Philippines’ countless scenic spots and picturesque beaches, NusaTrip will focus on promoting thousands of hotels into our platform and provide leisure alternatives for international travelers”.

Leveraging the momentum of the travel and tourism industry recovery post-COVID-19 pandemic, NusaTrip is expanding its offering beyond air travel. NusaTrip aims to extend its flight content with more travel inspirations and relevant options, so everyone will always find something to explore and somewhere to fly to. On the business side, NusaTrip connects worldwide flight content through streamlined integration with low-cost and full-service airlines from multiple points of sale and enables global distribution at ease via its proprietary technology, the NusaXchange platform.

Nusatrip regional offices will focus on creating more variety of marketing initiatives and managing existing business relationships with airlines, hotels, and tourism promotion board partners.

“We are very excited to welcome NusaTrip and look forward to the collaboration with our local businesses. I believe it will benefit our business partners and customers,” said Arbie Christie Pagdangan, Country Manager for Society Pass in the Philippines.

About NusaTrip

Founded in 2013, NusaTrip is an IATA-licensed online travel agency that serves both local and global customers and partners by optimizing cutting-edge technology and providing 24/7 customer-centric support team-as-a-service. NusaTrip is now a member of Society Pass (Nasdaq: SoPa) ecosystem. For more information, please visit: https://www.nusatrip.com.

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 Angeles, Bangkok, Ho Chi Minh City, Jakarta, Manila, and Singapore, Society Pass Incorporated (Nasdaq: SOPA) is an acquisition-focused holding company operating 6 interconnected verticals (loyalty, digital media, travel, telecoms, lifestyle, and F&B), 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 shares were added to the Russell 2000 index in December 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 3.3 million registered consumers and over 205,000 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, a social commerce-focused, premium digital video multi-platform network; NusaTrip, a leading Indonesia-based Online Travel Agency; Gorilla Networks, a Singapore-based, web3-enabled mobile blockchain network operator; Leflair.com, Vietnam’s leading lifestyle e-commerce platform; Pushkart.ph, a popular grocery delivery company in Philippines; Handycart.vn, a leading online restaurant delivery service based in Vietnam; and Mangan.ph, a leading local restaurant delivery service in Philippines.

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 Statements

This 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 Contacts:
Rosa Milyarna – NusaTrip Indonesia
Rosa@nusatrip.com

NusaTrip / Society Pass ID PR Representatives
Elisabeth ( elisabeth.winiartati@gmail.com | +62813375150220)
Angga ( anggahadi@gmail.com | +6281213858388)

21st Edition of Manufacturing IT Summit: Indonesia

After successful 20 editions of Manufacturing IT Summit, Exito is all set to host another milestone event- the 21st Edition of Manufacturing IT Summit, an in-person event which serves as an ideal platform to enhance the experience to “Re-imagine, Innovate, and Transform”. The Manufacturing IT Summit is a by invite only in-person event exclusively for Technology leaders from leading businesses, institutions and government officials representing Indonesia’s manufacturing sector. Recent data from the Ministry of Industry has indicated that the manufacturing sector has had the largest contribution to its GDP. Indonesia aspires to be a top 10 economy by 2030, with net exports to be its growth engine.

The next 15 years is forecasted to be the Golden Age for Indonesia as it will realise a demographic bonus peak. Accelerating growth of the manufacturing sector is critical, with the Indonesian government planning to implement industry 4.0 through the Ministry of Industry’s Making Indonesia 4.0 roadmap.

Manufacturing IT Summit Indonesia aligns itself with Indonesia’s national goals and is a leading networking conference, gathering the most influential of these technology leaders to explore synergies and discuss today’s biggest technological challenges, fostering deeper collaboration, and generating new ideas.

This conference will bring together over 150 C-Level Executives, Directors, and Heads of Technology, to discuss the critical technology issues affecting today’s manufacturing industry.

Speakers like Ir. Ignatius Warsito, Minister’s Expert Staff for Strengthening Domestic Industry Capabilities, Acting Director General of Chemical, Pharmceutical and Textile Industry, Ministry of Industry, Republic of Indonesia, Chairul Saleh, Director of Community Development & Entrepreneurship, Coordinating Ministry for Economic Affairs, Republic of Indonesia, Salil Dutt, Chief Technical Adviser, United Nations Industrial Development Organization (UNIDO), Raine Renaldi S.IIP, Chief of Digital Assest Committee, KADIN President, ID-OPENTECH Group, Republic of Indonesia, Juan Kanggrawan, Head of Product, Tribe & Data, Indonesia National Ministry (GovTech) and Smart Cities, Republic of Indonesia, Wilbertus Darmadi, CIO, Toyota Astra Motor, Mochamad James Falahuddin, Executive Director, Indonesia Blockchain Society among many others will be sharing their experiences and expertise at the summit.

Event registration has commenced for Delegates and Sponsors.

– The delegates will be exposed to in-depth, trend-forward sessions & workshops – practical takeaways and ideas to keep you ahead in the digital economy.
– The sponsors will be able to create an overwhelming branding in the event along with meeting their prospects and displaying the products.
– Hundreds of seasoned marketers, strategists, designers, and more to network and connect with. Meet your customers, vendors, expert resources, friends and colleagues on 15th & 16th of February.

Register Now to engage at this grand event as the slots are filling up fast.
To know more about the event, www.manufacturingitsummit/indonesia

About Exito:

We are a global B2B business events company focused on crafting bespoke solutions and contexts by designing platforms that create new business opportunities for our clients across concepts and industries.We cherish the trust over the last 12 years garnered from our partnering organizations globally, and with a growing team of young, vibrant, and creative individuals, Exito aims at success and perfection!

Preservica Announces Partnership with Australia’s DatacomIT to Preserve and Future-Proof Access to Critical Long-Term Digital Information

Preservica, a global leader in Active Digital Preservation archiving, announced today their partnership with Australia’s DatacomIT, a leading provider of specialised digitisation and hosted solutions for digital collections.

This partnership enables a seamless approach between digitisation and long-term Digital Preservation, with DatacomIT specialising in the conversion of analog materials to digital formats. Those who are already investing in digitisation will now be able to protect that investment by ensuring it is accessible, meets compliance and legal requirements, and is readable now and in the future with Preservica’s Digital Preservation solution.

“DatacomIT is excited about our new partnership with Preservica,” shared Eamonn Donohoe, General Manager, DatacomIT. “We can now offer our clients a one stop shop, from digitisation to Digital Preservation, and assist organisations to develop curation and preservation strategies. This partnership underpins our role as Australia’s industry leader in digitisation and Digital Preservation, fulfilling our mission of securing the past for the future.”

DatacomIT will offer consultation and implementation of Preservica’s cloud-hosted editions, which are changing the way organisations around the world future-proof and access critical long-term digital information. Preservica’s seamless application will bring together all the core elements of successful long-term Digital Preservation – durable storage, file format updates, and secure immediate access.

With over 40 years of experience offering digitisation solutions to cultural institutions, DatacomIT is a recognised leader in the GLAM sector, providing digitisation and Digital Preservation services for galleries, libraries, archives, and museums. Utilising proven leading-edge technologies, DatacomIT has established long-standing credibility within the archives and digitisation industry, preserving rare and fragile cultural heritage material including books, microfilm, microfiche, photographs, negatives, slides, maps, and large format material.

“We are delighted to offer Australian institutions an affordable and scalable way to preserve, curate and share their digital collections that document the vibrant history of the region,” said Mike Quinn, CEO, Preservica. “DatacomIT customers can now confidently go from scanning to safeguarding digital content. We welcome them to our growing global user community that is choosing this holistic approach we call Active Digital Preservation.”

Preservica’s partnership with DatacomIT is the latest in their international momentum, having recently announced new government customers in Ireland, the Netherlands, and the UK.

Follow Preservica on Twitter ( https://twitter.com/preservica ), LinkedIn ( https://www.linkedin.com/company/preservica ) and Facebook ( https://www.facebook.com/Preservica ) to stay up to date and learn how to register your interest.

About Preservica

Preservica is transforming the way organisations around the world protect and future-proof critical long-term digital information. Available in the cloud (SaaS) or on-premise, our award-winning Active Digital Preservation software has been designed from the ground up to tackle the unique challenges of ensuring digital information remains accessible and trustworthy over decades.

It’s a proven solution that’s trusted by thousands of businesses, archives, libraries, museums and government organisations around the world, including the UK National Archives, Texas State Library and Archives, MoMA, Yale and HSBC.

www.preservica.com
Twitter: @Preservica
LinkedIn: @Preservica

Media Contact
Aleeza Goodman
York IE
aleeza@york.ie

SOURCE: Preservica

Chris Cassidy Joins Mojix as President and Chief Commercial Officer

Mojix, a leading inventory management and supply chain traceability enterprise SaaS platform, is pleased to announce that Chris Cassidy has joined the company as President and Chief Commercial Officer. This announcement comes as the direct result of the tremendous success Mojix has attained over the past several years, as the company has recorded significant growth and improvements in revenue, customer expansion, and product innovation. Supporting these achievements, the company has developed strategic partnerships for serialization and RFID Barcoding used by leading food & beverage, luxury brand, manufacturing, industrial, aerospace & defense, and retail clients across the globe.

Dan Doles, Mojix CEO, said, “Chris joins Mojix with more than 20 years of executive leadership in various supply chain management roles and brings deep domain expertise and a stellar track record working with leading global enterprises on digital transformation and supply chain optimization. Chris is a recognized expert in supply chain management, logistics, and enterprise supply chain SaaS solutions, across both customer operations, strategy, sales and marketing. We are excited to partner with Chris to further our long-term strategic vision and provide value to our customers as a best-in-class item-level traceability SaaS platform.”

Before joining Mojix, Chris was EVP & Chief Revenue Officer at Trax Technologies. Previously, he held various supply chain leadership positions of increasing responsibility at Gartner, UPS, and GSK. He holds a BS in Industrial Engineering from Georgia Tech and an executive programme certification in supply chain management at MIT.

Pete Leibman, Managing Director of Peak Rock Capital, added, “the Board is thrilled to have Chris join the executive leadership team at Mojix, and exemplifies our commitment to drive accelerated growth in the years to come.”

Chris stated, “I am both humbled and honored to be named President and Chief Commercial Officer of Mojix. I am excited to drive further acceleration of the company’s growth as we continue to lead the industry in customer satisfaction, global program delivery and product innovation for end-to-end visibility and traceability. The aim is to continue leveraging the maturing serialization and RFID barcoding technology solutions with the purpose of driving smarter and intelligent insights. Through collaboration and innovation with our customers and strategic partners, our advances in bringing together the physical and financial data flows will empower global enterprise manufacturers, distributors, and retailers to improve visibility and traceability for optimized financial performance of their Supply Chain networks during these most uncertain of times. Our times require both an agile and resilient supply chain to manage cost-to-serve and inventory assets.”

About Mojix

Mojix is a global leader in item-level supply chain intelligence software. The firm is leading the way in traceability solutions utilizing its high security, globally scalable cloud-native SaaS platform. Founded in 2004, the Company has deep domain expertise in serialization technologies such as RFID, NFC, and print-based marking systems. Mojix builds business intelligence from event-triggered actions tracking billions of unique identities, following item lifecycles from source to shelf. Companies can leverage the seamlessly integrated data to increase their sales and operational efficiency, reduce major risks and enhance their customer experience. With offices across the United States, Europe and South America, Mojix is now a recognized expert in end-to-end, item-level track and trace, product authentication and automated inventory management. Learn more at www.mojix.com

About Peak Rock Capital

Peak Rock Capital is a leading middle-market private investment firm that makes equity and debt investments in companies in North America and Europe. Peak Rock’s equity investment platform focuses on opportunities where it can support senior management to drive rapid growth and performance improvement, with expertise in corporate carve-outs and partnering with families and founders seeking first-time institutional capital. Peak Rock’s credit platform invests across capital structures, with a broad mandate to provide flexible, tailored capital solutions to middle-market and growth-oriented businesses. Peak Rock’s real estate platform makes equity and debt investments in small to mid-sized real estate assets in attractive, growing geographies. For further information about Peak Rock Capital, please visit www.peakrockcapital.com.

Editorial/Media Contacts
Jim Donaldson, Sr. Director, Corporate Communications
Mojix, Inc
(314) 223-4779
jim.donaldson@mojix.com

Helene de Lailhacar, VP Marketing
Mojix, Inc.
(33) 6 70 61 72 22
helene.delailhacar@mojix.com

(c) Mojix, Inc. Mojix and ytem are registered trademarks of Mojix, Inc.

SOURCE: Mojix, Inc

17th Edition of Cyber Security Summit: Singapore

Physical Conference on 22nd & 23rd February

After successful 16 editions of Cyber Security Summit, Exito is all set to host another milestone event- the 17th Edition of Cyber Security Summit, an in-person event organised under the theme Securing Singapore’s Digital Future. The 17th edition of the Cyber Security Summit is an invitation-only in-person event exclusively for cybersecurity leaders in Singapore. Singapore has long set its sights on becoming a world-class, tech-driven city-state. The Smart Nation initiative was established to achieve this by harnessing IT, networks, and big data to create tech-enabled solutions. The cybersecurity industry is crucial in “underpinning a sustainable digital future,” as stated by Teo Chee Hean, Singapore’s coordinating minister for national security.

According to the Infocomm Media Development Authority, the cybersecurity market in Singapore is expected to reach USD 889 million in 2022. From 2022 to 2030, the market is projected to grow a further 10% to 13% to become a USD 2.4 billion market. In October 2021, Singapore launched the Singapore Cybersecurity Strategy 2021, outlining the country’s goals and approach to adapt to a rapidly evolving strategic and technological environment. Strategy 2021 will support industry innovation and the growth of cyber entrepreneurs and start-ups in Singapore through targeted government initiatives. The agenda of the Cyber Security Summit is aligned with the Singaporean government’s strategies to make organisations cyber resilient.

The conference will host 150+ IT security leaders, to network, learn, be inspired, and collaborate in identifying and addressing cyber concerns.

Speakers like Veronica Tan, Director, Safer Cyberspace, Cyber Security Agency of Singapore, Steven SIM kok Leong, President, ISACA Singapore Chapter, AJ Eserjose, Regional Director, OT- ISAC, Working Group Member on Cyber Resilience in oil & gas, World Economic Forum, John Lee, Managing Director (Asia- Pacific), Global Resilience Federation, Anthony Lim, Director, The Centre for Strategic Cyberspace + international Studies, David Ng, Head of Group Technology Information, Security Office, OCBC Bank.

Marcus Tu, Head of Cybersecurity, Singapore Post Ltd. among many others will be sharing their experiences and expertise at the summit.

Event registration has commenced for Delegates and Sponsors.

– The delegates will be exposed to in-depth, trend-forward sessions & workshops – practical takeaways and ideas to keep you ahead in the digital economy.
– The sponsors will be able to create an overwhelming branding in the event along with meeting their prospects and displaying the products.
– Hundreds of seasoned marketers, strategists, designers, and more to network and connect with. Meet your customers, vendors, expert resources, friends and colleagues on 22nd & 23rd February.

Register now to engage at this grand event as the slots are filling up fast.

To know more about the event, www.cybersecuritysummit/singapore

About Exito

We are a global B2B business events company focused on crafting bespoke solutions and contexts by designing platforms that create new business opportunities for our clients across concepts and industries.We cherish the trust over the last 12 years garnered from our partnering organizations globally, and with a growing team of young, vibrant, and creative individuals, Exito aims at success and perfection!

Society Pass (Nasdaq: SOPA) to Present at Sidoti Virtual Investor Conference 18-19 January 2023

Society Pass Incorporated (“SoPa”) (Nasdaq: SOPA), Southeast Asia’s (SEA) next generation, data-driven, loyalty, fintech and e-commerce ecosystem, today announces Dennis Nguyen, Founder/Chairman/CEO will present and host one-on-one meetings with investors at the Sidoti January Virtual Investor Conference, taking place on 18-19 January 2023.

The presentation will begin at 4:00 PM on Wednesday, 18 January 2023 at in Estate 4 and can be accessed live here. https://sidoti.zoom.us/webinar/register/WN_ZPDz2TnkR9eknfGKZN2UGQ

SOPA will also host virtual one-on-ones with investors on Wednesday and Thursday, 18-19 January 2023. To register for the presentation or one-on-ones, visit www.sidoti.com/events.

About Sidoti & Company

For over two decades, Sidoti & Company has been a premier provider of independent securities research focused specifically on small and microcap companies and the institutions that invest in their securities, with most of its coverage in the $100 million-$5 billion market cap range. The firm’s approach affords companies and institutional clients a combination of high-quality research, a small- and microcap-focused nationwide sales effort, broad access to corporate management teams, and extensive trading support. Sidoti serves 500+ institutional clients in North America. http://www.sidoti.com/

About Society Pass Inc.

Founded in 2018 as a next generation, 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 Angeles, Bangkok, Ho Chi Minh City, Jakarta, Manila, and Singapore, Society Pass Incorporated (Nasdaq: SOPA) is an acquisition-focused holding company operating 6 interconnected verticals (loyalty, digital media, travel, telecoms, lifestyle, and F&B), 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 shares were added to the Russell 2000 index in December 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 3.3 million registered consumers and over 205,000 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, a social commerce-focused, premium digital advertising network; NusaTrip, a leading Indonesia-based Online Travel Agency; Gorilla Networks, a Singapore-based, web3-enabled mobile blockchain network operator; Leflair.com, Vietnam’s leading lifestyle e-commerce platform; Pushkart.ph, a popular grocery delivery company in Philippines; Handycart.vn, a premier online restaurant delivery service based in Vietnam; and Mangan.ph, a leading local restaurant delivery service in Philippines.

For more information on Society Pass, please review the following online information which is not part of this press release:
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 Statements

This 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 Contacts:
PRecious Communications
sopa@preciouscomms.com

Society Pass (Nasdaq: SOPA)’s NusaTrip Opens Regional Office in Singapore to Service Booming Rebound in Southeast Asia Travel Market

NusaTrip, Indonesia’s first IATA-certified online travel agency (OTA) and the travel vertical of Society Pass Incorporated (Nasdaq: SOPA), today announces the opening of its first regional office in Singapore and first office outside of Indonesia. The office opening positions NusaTrip as the travel platform of choice for travelers desiring access to the booming recovery of Southeast Asia’s (SEA) tourism industry and reflects NusaTrip’s commitment to developing a wider range of marketing and commercial partnerships with airlines, hotels, and tourism boards. Customers in Singapore can now directly book flights and hotel rooms and pay in local currency on NusaTrip.com’s dedicated website for Singapore travelers.

“Singapore’s strategic location at the center of Southeast Asia (SEA) make it a preferred destination for travelers from around the globe. Ranked the third busiest airport in the world by Skytrax, Singapore’s Changi Airport (IATA: SIN, ICAO: WSSS) plays an important and strategic role in SEA’s travel, tourism, and hospitality industry. The presence of NusaTrip in Singapore is only the beginning of many significant advancements to come. It is an important step toward increasing our accessibility and credibility among our key stakeholders in SEA”, said NusaTrip’s CEO, Johanes (Joe) Chang.

Leveraging SEA’s soaring momentum of the travel and tourism industry recovery post-COVID-19 pandemic, NusaTrip is expanding its offering beyond air travel. According to the World Travel & Tourism Council’s “Travel & Tourism Economic Impact 2022” report, the Travel & Tourism GDP in Asia-Pacific is forecasted to grow at an average annual rate of 8.5% or twice the 4% growth rate for the regional economy. Against this backdrop, NusaTrip expects to significantly add to its supply of hotels beyond the current 200,000 registered hotels on its platform. NusaTrip connects worldwide flight content through streamlined integration with low-cost and full-service airlines from multiple points of sale and enables global distribution at ease via its proprietary technology, the NusaXchange platform.

About NusaTrip

Founded in 2013, NusaTrip is an IATA-licensed, Indonesia-based online travel agency serving both local and global customers and partners by optimising cutting-edge technology and providing 24/7 customer-centric support team-as-a-service. NusaTrip is a member of Society Pass (Nasdaq: SoPa) ecosystem. For more information, please review: https://www.nusatrip.com.

About Society Pass Inc.

Founded in 2018 as a next generation, 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 Angeles, Bangkok, Ho Chi Minh City, Jakarta, Manila, and Singapore, Society Pass Incorporated (Nasdaq: SOPA) is an acquisition-focused holding company operating 6 interconnected verticals (loyalty, digital media, travel, telecoms, lifestyle, and F&B), 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 shares were added to the Russell 2000 index in December 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 3.3 million registered consumers and over 205,000 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, a social commerce-focused, premium digital advertising network; NusaTrip, a leading Indonesia-based Online Travel Agency; Gorilla Networks, a Singapore-based, web3-enabled mobile blockchain network operator; Leflair.com, Vietnam’s leading lifestyle e-commerce platform; Pushkart.ph, a popular grocery delivery company in Philippines; Handycart.vn, a premier online restaurant delivery service based in Vietnam; and Mangan.ph, a leading local restaurant delivery service in Philippines.

For more information on Society Pass, please review the following online information which is not part of this press release:
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 Statements

This 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 Contacts:
Rosa Milyarna – NusaTrip Indonesia
Rosa@nusatrip.com

NusaTrip/Society Pass ID PR Representatives
Elisabeth (elisabeth.winiartati@gmail.com | +62813375150220)
Angga (anggahadi@gmail.com | +6281213858388)

Surayyah Ahmad on Greater Participation for Nigerian Women in Tech

Surayyah Ahmad, Ethco Group Ltd co-founder and Executive Secretary of Startup AREWA has discussed the underrepresentation of Nigerian women in the tech industry, and women’s effective participation and equal opportunities for leadership at all levels of decision-making in the tech ecosystem. She identified several important elements that can raise women’s involvement in technology and help the nation achieve a balanced workforce.

Surayyah Ahmad, Ethco co-founder and Executive Secretary, Startup AREWA, discussed underrepresentation of Nigerian women in the tech industry and opportunities for leadership at all levels of decision-making in the tech ecosystem. [Image: Startup AREWA]

“Studies from all across the world are showing that women are underrepresented in the tech industry, despite recent headlines concentrating on tech hiring sprees and the underrepresentation of diverse populations. Although the reasons for this differ, it is known that many people’s decision to seek a career in technology dates back to their elementary school years,” she says.

Women hold only 18% of undergraduate computer science degrees and 26% of computing occupations, according to the Bureau of Labor Statistics (BLS). Since the 1990s, there has been a decrease in the proportion of women working in computer science-related fields, from 35% to 26% between 1990 and 2013. According to the United Nations, only one in five experts in technical disciplines like artificial intelligence are women.

Only 16% of females at the pre-university level have had tech occupations recommended to them, and only 3% of them originally planned to pursue careers in technology, according to a recent report by Price Waterhouse Coppers (PwC) survey on women in technology. This figure is less in conservative regions such as Northern Nigeria, which, according to a World Bank report, could take more than 40 years to catch up with the country’s southern region.

Regardless of the disparity in accessing opportunities, women are starting to develop ideas and lead change through technology in their immediate contexts, despite the disparities in access. Things are gradually changing as more young women become interested in technology. Despite the underrepresentation of women in the tech industry globally, women have demonstrated a remarkable capacity to advance society, such as by reviving small and medium-sized businesses in Nigeria.

Surayyah cited two sisters in Nigeria as an example of this achievement of women in technology. The sisters took the initiative to create an app, which would provide technical support to micro, small, and medium-sized businesses. According to the sisters, Kesandu and Dumebi Nwokolo, the app is intended to assist budding entrepreneurs and serve as a stepping stone that will increase visibility and ostensibly display these abilities, goods and services to the world.

Ms. Odunayo Eweniyi, the Co-founder of Piggy Vest, has opined that in Africa, the normative beliefs that put women in subordination to men as a culture while encouraging patriarchy have put women on the sidelines of critical decision-making around the world. She says, “The lack of women in tech can’t be explained away by innate biological differences. It is really down to a combination of systemic bias, men funding men, and a working culture that excludes women.”

Surayyah states that more women from Northern Nigeria are coming up with programs to help Northern women get into tech. Start-up Kano run by Aisha Tofa, the Brief Academy run by Farida Yahya, and TTlabs are currently some of the female-led institutions driving the inclusion of northern women in technology, mostly by providing mentoring and sponsorship to technology institutions.

Giving girls early access to technology is a good start, but it’s never too late to give women the chance to get the experience they need to start a career in technology. Organizations can create valuable technical talent development programs that promote women and help diversity in representation and ideas, which frequently results in even greater innovation.

“Through job shadowing or internships, these programs give women a chance to learn technical skills that they can use in real life. Participants can learn useful information and meet other people who are interested in the same things they are. Even the experience gained can help develop their talents and launch a technological career,” Surayyah said.

About Startup AREWA
Startup AREWA was established to organize, empower and promote the Northern Nigeria technology and Startup Ecosystem, with the overarching goal of using technology and startups as a strategy to combat unemployment and poverty across the Northern Nigeria.

From the first Bootcamp at Bello Memorial Foundation Hall in Kaduna to a series of over 20 Bootcamps across Northern Nigeria, engaging over 5000 Startups with support from innovators and public-private leaders, Startup AREWA is implementing its strategic plan of promoting and providing real-time support to Startups.

Official website: https://startuparewa.ng
Facebook: https://facebook.com/startuparewa
Twitter: https://twitter.com/startuparewa
Instagram: https://www.instagram.com/startuparewa/
Email: hello@startuparewa.ng

For more information, please visit https://startuparewa.ng, write to contact@startuparewa.ng, or call us on +234 90 9685 9999.

Dr. Marliyyah Mahmood discusses the Impact of Tech on Women in Northern Nigeria

Dr. Marliyyah A. Mahmood, Women In Tech and Project Manager for Startup AREWA, discusses how technology is enabling and enhancing women’s empowerment in Northern Nigeria. She emphasizes some of the fundamental advantages of social media technologies, such as giving women access to a virtual environment where they may express themselves.

Dr. Marliyyah A. Mahmood, Women In Tech, Project Manager for Startup AREWA, spoke on how technology is enabling and enhancing women’s empowerment in Northern Nigeria. [Image: Startup AREWA]

“It is impossible to overstate the importance of women in the growth of any nation, state, or community. This is to reiterate the critical role that women’s education plays in long-term national development, which begins at home. Women are frequently observed to be the children’s first teachers at home. A mother’s influence on upbringing in any developing country, and the empowerment of women, has a significant impact on key developmental outcomes like health, education, reproductive patterns, income level, and other factors,” said Dr Mahmood.

While a report from PWC in April 2020 states that 41% of micro-businesses in Nigeria are owned by women, a report in EFInA stated that 55% of the financially excluded adults in Nigeria are women, and of the 25.1 million financially excluded in the north, 13.1 million are women. Business transactions are largely cash within informal channels, as business funds are kept at home because financial institutions are concentrated in the state capital, while poor record-keeping from transacting through informal channels in turn hampers eligibility for credit.

The previous census, which was performed in 2006, indicated that women made up around 49.7% of the population of Nigeria. Despite this, Nigerian women (particularly those in the northern region) have not been able to change the long-standing status that society accords to women. There are a number of reasons why women in Northern Nigerian society are treated unequally, the majority of which can be linked to the patriarchal system in place and the general lack of gender awareness among the rural population, including women who have been socialized to accept their subordinate position.

However, with better access to information online, women have developed a greater sense of awareness. Online educational content, blogs videos and social media tools have given women access to a virtual world that provides them with opportunities for self-expression. Digital platforms are aiming to be more inclusive than ever before in light of the changing political conscience. It is now essential, not simply an option, to guarantee women’s safety, inclusivity, and a voice at all intersections.

Through online workspaces, more women have recently been able to achieve financial independence. There are now more jobs available for women thanks to specific job postings on numerous online portals. Housewives or moms who have taken extended absences from the workforce now have access to special possibilities to re-enter the workforce. Many websites provide part-time and full-time occupations that people can undertake from home.

In Northern Nigeria, Startup AREWA and Financial Service Innovation (FSI) organized a virtual hackathon on financial inclusion amongst female entrepreneurs within the northern region by proffering simple and easy-to-use fintech solutions to increase more of their participation in setting up businesses. The innovative solutions developed from this hackathon were able to tackle the challenges faced by unbanked and underbanked female entrepreneurs in Northern Nigeria.

Dr. Marliyyah reveals how women now have access to a wide range of created opportunities online as a result of technology advancements. “Technology has helped women affirm their freedom of expression and right to the workforce, which they frequently find difficult to accomplish. This is a really great achievement that shows how it can be utilized to empower those with disadvantaged identities.

“However, it must not be overlooked that having internet access is necessary in order to take use of these virtual prospects. How many women and members of underrepresented groups actually have access to such technology is still an open subject. To ensure that intersectional gaps are filled and that technology and the internet are more widely available, intervention is necessary in this context.”

About Startup AREWA
Startup AREWA was established to organize, empower and promote the Northern Nigeria technology and Startup Ecosystem, with the overarching goal of using technology and startups as a strategy to combat unemployment and poverty across the Northern Nigeria.

From the first Bootcamp at Bello Memorial Foundation Hall in Kaduna to a series of over 20 Bootcamps across Northern Nigeria, engaging over 5000 Startups with support from innovators and public-private leaders, Startup AREWA is implementing its strategic plan of promoting and providing real-time support to Startups.

Official website: https://startuparewa.ng
Facebook: https://facebook.com/startuparewa
Twitter: https://twitter.com/startuparewa
Instagram: https://www.instagram.com/startuparewa/
Email: hello@startuparewa.ng

For more information, please visit https://startuparewa.ng, write to contact@startuparewa.ng, or call us on +234 90 9685 9999.