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Society Pass Inc (OQ:SOPA)

Business Focus: IT Services & Consulting

Sector:  Technology Industry:  IT Services & Consulting
 
See Regulatory Filings on SEC
Company Contact
Address: 30 Gondoliers Bluff
NEWPORT COAST CA 92657
Tel: N/A
Website: https://thesocietypass.com
IR: See website
Key People
Raynauld Liang
Chief Executive Officer
Bien Kiat Tan
Vice Chairman of the Board
Yee Siong Tan
Chief Financial Officer
Patrick Soetanto
Chief Operating Officer
Kar How Ng
Group Chief Technology Officer
Rokas Sidlauskas
Group Chief Marketing Officer
Business Overview
Society Pass Incorporated is a data-driven, loyalty, fintech and e-commerce ecosystem company. Its segments include Online grocery and food deliveries, Digital marketing, Online ticketing and reservation, Telecommunications reseller, e-Commerce, and Merchant point of sale (POS). Online Grocery and food deliveries segment operate an online food delivery service under the Handycart brand name and an online grocery delivery under the Pushkart brand name. Digital marketing segment operates the digital marketing business with creator and digital marketing platform. Online ticketing and reservation segment operates the sale of domestic and overseas air ticket and hotel reservations. Telecommunications reseller segment offers sales of local mobile phone plans and Internet data provider plans. Its e-Commerce operates an online lifestyle platform under the brand name of Leflair. Its Merchant POS segment is involved in the sale of hardware and software to merchants.
Financial Overview
For the fiscal year ended 31 December 2023, Society Pass Inc revenues increased 45% to $8.2M. Net loss decreased 46% to $18.1M. Revenues reflect Digital Marketing segment increase from $2.6M to $5.4M, Online Ticketing and reservation segment increase from $725K to $2.3M, Telecommunication Reseller segment increase of 1% to $24K, United States segment increase of 70% to $3.9M, Thailand (Country) segment increase from $225K to $1.1M.