LinkedIn
WebsiteIntroduction
Society Pass Inc (Nasdaq: SOPA) is a technology-driven loyalty and data-focused marketing platform serving Southeast Asia. Founded in 2018 and headquartered in Singapore, the company integrates a suite of acquired businesses across loyalty, lifestyle e-commerce, food & beverage delivery, telecommunications, digital media, and travel to connect consumers and merchants.
| Ticker | Exchange | Price (2025-10-06) | Year-to-Date Change | Volume |
|---|---|---|---|---|
| SOPA | NAS | $3.27 | +131.91% | 7,586,052 |
Corporate Structure
Since its initial public offering on the Nasdaq Capital Market, Society Pass has expanded its regional footprint with offices and operations in Singapore, Vietnam, Indonesia, the Philippines, and Thailand. According to the company’s LinkedIn profile, its workforce numbers between 201 and 500 employees. Leadership comprises executives and entrepreneurs with experience in e-commerce platforms, investment banking, and management consulting, overseeing six distinct business verticals through an integrated ecosystem.
Loyalty Marketing by Jon Tyson
Recent Developments and News
- February 14, 2025: The share price rose by 326% year-to-date, closing at $3.83, up from $0.8980 on December 31, 2024. Zack Research assigned a “strong buy” rating and Society Pass amended its sales agreement with Ascendiant Capital Markets to allow up to $3.37 million in common stock offerings.
- September 3, 2025: Filing of a Prospectus (Form 424B3) by selling stockholders, offering up to 570,452 shares of common stock. The prospectus noted a last reported sale price of $1.30 per share on September 2, 2025, and reiterated the company’s classification as an emerging growth company under the JOBS Act.
- September 5, 2025: Submission of Form 8-K under Item 3.01, reflecting communication with Nasdaq regarding compliance with listing standards.
Financial and Strategic Aspects
As of early October 2025, the company holds a market capitalization in the tens of millions, placing it in the micro-cap category. Its share price performance in 2025 followed substantial equity issuances and secondary offerings aimed at bolstering working capital. With over 3.3 million registered users and more than 205,000 merchants on its platform, Society Pass utilizes transaction data to drive loyalty campaigns. The acquisition of blockchain-enabled mobile virtual network operator Gorilla in June 2022 illustrates a strategic expansion into telecom services, enabling e-SIM functionality and data-for-voucher swaps through proprietary blockchain technology.
Market Position and Industry Context
In Southeast Asia's e-commerce and fintech landscape, Society Pass competes alongside regional loyalty platforms, payment providers, and digital media networks. Its multi-vertical approach—spanning loyalty points, payment solutions, search & reviews, delivery, social commerce, and travel services—is designed to create cross-promotional opportunities. The company's emerging growth status grants reduced reporting obligations under U.S. securities law, while ongoing compliance filings indicate adherence to Nasdaq listing requirements.
tl;dr
As of October 6, 2025, SOPA shares traded at $3.27, reflecting a 131.91% gain year-to-date. In mid-February, the stock increased by 326% YTD following a "strong buy" rating from Zack Research and an amended equity sales agreement. In early September, selling stockholders filed a prospectus for up to 570,452 shares at $1.30 each, and Society Pass filed an 8-K on September 5 concerning Nasdaq compliance. The company continues to utilize capital raised through equity offerings to expand its loyalty ecosystem and pursue telecom and e-commerce vertical integrations.
