eDriving Integrates Greater Than’s EcoScore Into Their Digital Driver Safety Application, Mentor, To Help Fleets Achieve Sustainability Targets

CAPE MAY, NJ and STOCKHOLM, SWEDEN, Nov 17, 2022 – (ACN Newswire) – eDriving(SM), a Solera company and leading global provider of digital driver risk management solutions, today announced a partnership with Greater Than (GREAT:ST), the global provider of technology that converts GPS data into powerful insights and driver scores. Through the collaboration, eDriving will integrate Greater Than's EcoScore into a new feature in its award-winning digital driver safety app Mentor(SM). The new feature, to be named EcoDrive powered by Greater Than, enables eDriving to further support its global clients in achieving their sustainability goals.

Revolutionising driver risk management for over 25 years, eDriving is the trusted partner of choice for many of the world's largest sales, service, and delivery fleets, supporting over 1.2 million drivers in 125 countries with award-winning digital driver risk management and safety solutions. eDriving's smartphone-based Mentor programme identifies and remediates drivers' risky habits behind the wheel with training, coaching, and gamification, achieving up to an 89% reduction in risky driver behaviour over 18 months.

The integration of Greater Than's EcoScore is a strategic step for eDriving to elevate the sustainability benefits of Mentor for their customers on a global scale by contributing to carbon footprint reductions of up to 20%. In addition, the EcoScore facilitates more accurate Environmental, Social and Governance (ESG) reporting with harmonised data on an organisation's CO2 emissions and savings.

"Our customers are keen to take ownership of their climate impact and help their drivers minimise their CO2 emissions as well as safely return home to their loved ones at the end of each workday. This exciting new partnership between eDriving and Greater Than will help to accelerate that goal," said Ed Dubens, CEO/Founder of eDriving. "Greater Than's EcoScore is yet another example of how eDriving's Mentor ecosystem brings together the best of the best into one world-class solution focused on driver risk management, safety and sustainability. FICO's Safe Driving Score, Sfara's Collision Detection, Bosch's Emergency Response Services, and now Greater Than's EcoScore continue to evolve and sustain Mentor's unique value proposition supporting the world's largest enterprise organisations."

Mentor's EcoDrive powered by Greater Than will incorporate Greater Than's unique pattern-AI technology which conducts real-time driving analysis to calculate CO2 emissions per individual driver. With a uniform measure of environmental impact, EcoDrive powered by Greater Than enables fair, transparent, unbiased evaluation of individual drivers' eco performance, regardless of vehicle type or global location. Drivers will be able to see carbon emissions reported in grams and percentages following each trip on their Mentor dashboard, making it the perfect sustainability analysis and reporting tool for organisations with mixed vehicle types.

"We are very excited that eDriving is introducing its new EcoDrive feature based on our EcoScore to its Mentor customers. Our partnership is another proof of the scope of use for our DriverDNA AI analysis. With EcoScore integrated into the Mentor app, eDriving customers will have greater control over their environmental impact and the necessary insights to reduce them, as well as valuable data of absolute CO2 emissions to facilitate comprehensive sustainability reporting, which looks set to be mandatory for many companies in coming years," said Liselott Johansson, CEO, Greater Than.

EcoDrive powered by Greater Than will be available in eDriving's flagship Mentor business solutions, as well as Mentor Defender, eDriving's newest app for individuals and family members, distributed through insurers, auto safety membership organisations and driving schools.

Press contact, eDriving:
Sheila Leverone, Chief Marketing Officer
press@edriving.com

Press contact, Greater Than:
Eva Voors, Chief Communications Officer
eva.voors@greaterthan.eu
+46 708 884 880

About Solera

Solera is the global leader in vehicle lifecycle management software-as-a-service, data, and services. Through four lines of business – vehicle claims, vehicle repairs, vehicle solutions and fleet solutions – Solera is home to many leading brands in the vehicle lifecycle ecosystem, including Identifix, Audatex, DealerSocket, Omnitracs, LoJack, Spireon, eDriving/Mentor, Explore, cap hpi, Autodata, and others. Solera empowers its customers to succeed in the digital age by providing them with a "one-stop shop" solution that streamlines operations, offers data-driven analytics, and enhances customer engagement, which Solera believes helps customers drive sales, promote customer retention, and improve profit margins. Solera serves over 300,000 global customers and partners in 100+ countries. For more information, visit www.solera.com.

About eDriving

eDriving, a Solera company, helps organisations around the world improve safety, reduce injuries, licence violations, carbon emissions, and total cost of fleet ownership through its patented digital driver risk management programmes. These include the Mentor by eDriving(SM) smartphone app with FICO(R) Safe Driving Score; the patented, five-stage Crash-Free Culture(R) risk reduction programme; and the Virtual Risk Manager(R) platform, all designed to work together within a privacy-first, data-secure environment that supports drivers and their managers every step of the way. eDriving is the digital driver risk management partner of choice for many of the world's largest organisations, supporting over 1,200,000 drivers in 125 countries. Over the past 25 years, eDriving's research-validated programmes have been recognised with over 120 awards around the world. For more information, visit www.edriving.com.

About Greater Than

Greater Than is an AI data analytics company that predicts crash probability and CO2 impact per driver in real-time, revolutionising auto insurance pricing and new business solutions for the automotive, new mobility and fleet industries.

Our AI has experienced the equivalent of 855,000 man-years of real driving and has to date discovered over 7 billion unique driver DNAs: learning that makes it the most experienced AI driver in the world.

Greater Than is appointed as an InsurTech100 company and AIFinTech100 company and has been named Provider of AI Automotive Product of the year, 2021. Greater Than (GREAT) is listed on Nasdaq First North Growth Market. FNCA Sweden AB is the Company's Certified Adviser. Learn more at www.greaterthan.eu.

EcoDrive Product Sheet https://www.edriving.com/wp-content/uploads/2022/11/EcoDrive-product-sheet.pdf

SOURCE: eDriving

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Maxim Group: Society Pass (Nasdaq: SOPA) – Despite Challenging Global Macro Environment, Reiterates Positive Outlook on SOPA Based on Strong Revenue Generation and Compelling Valuation

SINGAPORE, Nov 17, 2022 – (ACN Newswire) – Maxim Group LLC ("Maxim") issues Equity Research Report on Society Pass Incorporated ("SoPa") (Nasdaq: SOPA), SEA's leading data-driven loyalty, fintech and e-commerce ecosystem.

Click here to view the full Maxim Group LLC Equity Research Report. https://maxim.bluematrix.com/sellside/EmailDocViewer?encrypt=eb2534e9-6164-47b7-a389-c2efe2f9983d&mime=pdf

Summary Points:

– Positive view of early stages of building SEA ecommerce company. Luxury store, Leflair provides luxury goods online. Additional businesses include online delivery companies Handycart and Pushkart (bought during 1Q22), as well as Gorilla Networks, a telecom MVNO (early June 2022). During 3Q22 the company acquired Thoughtful Media, a digital influencer, Mangan.ph, restaurant delivery, and NusaTrip, an online travel agency. SoPa will launch a loyalty points offering. Maxim believes Thoughtful Media can market SoPa's other brands and the food delivery and luxury brand businesses can be expanded geographically. Maxim has a positive view on the SE Asian market due to increasing mobile and ecommerce penetration, younger populations, travel coming back, and the opportunity to consolidate smaller companies.

– Significant year on year revenue growth in 3Q 2022. 3Q22 revenue of $2.1M increased significantly from $84K in the prior year quarter. Digital marketing accounted for over half of the quarter's revenue. Results were also held back as most of its businesses were very early stage. The company is in the process of restructuring several of its businesses to improve revenue and profitability.

– Healthy balance sheet and cash levels. The company ended September 2022 with $23M in unrestricted cash and no debt. Maxim projects current cash levels as sufficient to fund organic growth over the next two years.

– Challenging macro environment, yet positive on micro company business plan. Maxim factors in a more challenging macro environment impacting Society Pass' end markets and notes that Sea Ltd (SE – NR), SE Asia's largest internet company, has laid off 10% of staff in past 6 months and during its 3Q22 conference call projected lower than expected bookings for 2022. Maxim still expects SE Asia to be one of the fastest relative growth markets and anticipates SOPA to grow from spending on marketing, expansions, the launch of loyalty points in 4Q22, and contributions from all announced acquisitions. Maxim believes many of the businesses can be expanded geographically and benefit from greater capital.

– Strong revenue generation in 2023. Maxim projects revenue to increase from $0.5M in 2021, to $7.0M in 2022, and $40.1M in 2023. The increase is due to the significant expected contribution from acquisitions and organic growth. Maxim projects 2022 adjusted EBITDA loss to widen to ($20.7M), from a loss of ($4.9M) in 2021. The wider loss is due to one time costs related to acquisitions and higher public company expenses. For 2023, Maxim projects EBITDA loss estimate to ($11.0M).

– Compelling valuation. – SOPA trades at an EV/revenue multiple of 0.5x Maxim 2023 revenue estimate with over half of its market cap in cash. Maxim $5 price target is supported by our 10-year DCF analysis, which utilizes a 22% discount rate, 15x terminal multiple, and 3% terminal growth rate and equates to an EV/revenue multiple of 2.5x. The 2.5x multiple target is roughly inline with the peer group average of 2.4x. Our positive outlook is supported by the attractive SE Asian markets and opportunities to consolidate smaller companies. Maxim reiterates Buy rating.

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, Hanoi, 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 check out:
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

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Society Pass Inc (Nasdaq: SOPA) Reports Breakout 9 Month 2022 and 3Q 2022 Financial Results

SINGAPORE, Nov 15, 2022 – (ACN Newswire) – Society Pass Incorporated ("SoPa") (Nasdaq: SOPA), SEA's leading data-driven loyalty, fintech and e-commerce ecosystem, today announces a filing of its 3Q 2022 Form 10-Q with the Securities and Exchange Commission. Please see filing here. https://www.sec.gov/ix?doc=/Archives/edgar/data/0001817511/000160706222000677/sopa093022form10q.htm

Summary Points:
– Nine months 2022 unaudited revenues grew 2,870% year on year (from $100,823 for nine months ended 30 September 2021 to $2,994,416 for nine months ended 30 September 2022).
– Third quarter 2022 unaudited revenues grew 2,354% year on year (from $83,534 for third quarter ended 30 Sep 2021 to $2,050,264 for third quarter ended 30 September 2022).
– Third quarter 2022 unaudited revenues grew 311% quarter on quarter (from $499,062 for second quarter ended 30 June 2022 to $2,050,264 for third quarter ended 30 September 2022).
– With cash on hand of $23 million on 30 September 2022, SoPa is well capitalised for roll out of Society Pass loyalty platform and continuing acquisitions of Southeast Asia ("SEA") companies in loyalty, lifestyle, food & beverage delivery, telecoms, digital media, and travel verticals for the rest of 2022 and 2023.
– Since inception, SoPa has onboarded 3.3 million registered consumers and over 205,000 registered merchants/brands onto its ever-expanding next generation digital ecosystem and loyalty platform in SEA.
– SoPa completed a total of three acquisitions in 3Q 2022.

Unaudited nine month 2022 revenues grew 2,870% year on year (from $100,823 for nine months ended 30 September 2021 to $2,994,416 for nine months ended 30 September 2022).

Unaudited third quarter 2022 revenues grew 2,354% year on year (from $83,534 for third quarter ended 30 September 2021 to $2,050,264 for third quarter ended 30 September 2022).

Unaudited third quarter 2022 revenues grew 311% quarter on quarter (from $499,062 for second quarter ended 30 June 2022 to $2,050,264 for third quarter ended 30 September 2022).

Reporting cash on hand of $23 million on 30 September 2022, SoPa is well capitalised for roll out of the Society Pass loyalty platform and continuing acquisitions of SEA companies in loyalty, lifestyle, food & beverage delivery, telecoms, digital media, and travel verticals for the rest of 2022 and 2023.

SoPa completed a total of three acquisitions in 3Q 2022, including Thoughtful Media Group ("TMG"), a Thailand-based a social commerce-focused, premium digital video multi-platform network, Mangan.ph, a Philippines-based restaurant delivery app, and a social commerce-focused, premium digital video multi-platform network, NusaTrip, a leading Indonesia-based Online Travel Agency.

With these three acquisitions, SoPa has now amassed over 3.3 million registered consumers and over 205,000 registered merchants/brands onto its ever-expanding next generation digital ecosystem and loyalty platform in SEA.

In the third quarter 2022, SoPa opened Bangkok and Jakarta offices.

Remarking on SoPa's breakout 3Q 2022 financial performance, Society Pass CFO, Raynauld Liang, comments, "Our continuing robust year-on-year and quarter-on-quarter sales expansion confirms our momentum building, acquisitions focused operating model. We saw dramatic rise in revenues and number of registered consumers and registered merchants/brands. Leflair continues to recognise strong revenues, whilst our TMG and Nusatrip subsidiaries are generating the bulk of sales for the entire company. With the strong foundation being built, we look to achieve new highs in revenues as well as number of registered consumers and merchants in 4Q 2022 as we integrate market leading companies in the loyalty, lifestyle, food & beverage delivery, telecoms, digital media, and travel verticals."

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, Hanoi, 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 check out:
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

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Society Pass (Nasdaq: SOPA) to Present at the Sigma Europe Gaming Festival on 14-18 November 2022

SINGAPORE, Nov 14, 2022 – (ACN Newswire) – Society Pass Incorporated (Nasdaq: SOPA) ("SoPa" or the "Company"), Southeast Asia's ("SEA") leading data-driven loyalty and e-commerce ecosystem, today announces that Company Founder, Chairman, and CEO Dennis Nguyen has been invited to present at the Sigma Europe Gaming Festival to be held on 14-18 November 2022. The in-person venue for the event is the Malta Fairs & Conventions Centre located at Millennium Stand, Level 1, The National Stadium, ATD 4000, Malta.

Mr. Nguyen will serve as one of the panelists for the "Entering One of the Fastest Growing Verticals: Fintechs" to be held on Day 3 of the Sigma Europe Gaming Festival at 1 pm on Thursday, 17 November. Fintechs, such as the Society Pass loyalty platform, have disrupted virtually every vertical in the financial, e-commerce and gaming industries, and there's a wealth of opportunity to capitalize on as stakeholders.

SiGMA is the world's leading hub for everything involving the iGaming industry from regulation, to financing, to marketing related to the sector. The Sigma Europe Gaming Festival brings together operators, providers, software developers, innovators, entrepreneurs and investors for three days of panels, discussions, keynote speeches, workshops and engaging networking events.

Event: Sigma Europe Gaming Festival
Date: 14-18 November 2022
Location: Malta Fairs & Conventions Centre located at Millennium Stand, Level 1, The National Stadium, ATD 4000, Malta.

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, Hanoi, 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 check out:
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

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Trintech Celebrates the 10-Year Anniversary of Cadency(R) by Trintech

DALLAS, TX, Nov 11, 2022 – (ACN Newswire) – "The Avengers(TM)" came together in 2012 and have defeated numerous villains over the last 10 years. Similarly, Trintech's finance and technology experts also came together in 2012 to launch Cadency(R) – the world's first end-to-end Record to Report SaaS solution transforming the way enterprise finance and accounting professionals around the world close their books. Since then, Trintech has been laser-focused on continuing to help the Superheroes of Finance and Accounting defeat manual work by standardizing, streamlining, and automating their financial close processes.

"The Office of the CFO has evolved considerably over the last ten years, with CFOs serving as key superheroes within their organizations. Today, we celebrate the 10-year anniversary of Cadency and the role it has played in helping global organizations vanquish compliance headaches, rescue un-reconciled balance sheets, and bring peace to the world of transaction matching," said Teresa Mackintosh, CEO of Trintech. "The last three years have asked even more from the Office of Finance, as the pandemic introduced new challenges and increased expectations to conquer. CFOs need to be more agile than ever before and have accurate and accessible data available at any given moment, making solutions like Cadency a must-have in their Superhero toolbelt."

Over the last decade, Cadency(R) has helped organizations around the globe streamline and automate the entire Record to Report process in a standardized control framework. To celebrate the 10-year anniversary of the Cadency launch and the release of Cadency 10.3 this week, Trintech has put together a look at how the heroes of Marvel and the heroes of Finance and Accounting have tallied up some impressive stats over the last ten years:

– Following the successful roll-out of Cadency, Serco now has a centralized global solution that provides greater insight into the total number of reconciliations performed as well as their timeliness and accuracy. Today, Serco is running 5,000 balance sheet reconciliations through Cadency on a monthly basis. In addition, they are auto-reconciling 15,000 accounts which has saved their team a total of 500 hours per month. That's enough time to watch the entire Marvel Cinematic Universe (3,831 minutes of film) over the course of eight months!

– Over 10,000 crew members are listed in the credits of Avengers: Infinity War(TM). That's a huge number, but did you know that Boston Scientific Corporation currently has 29,000+ accounts housed within Cadency, with more than 4,400 of those accounts set to auto-reconcile each month? Additionally, BSC has experienced increased productivity and time savings, greater visibility and standardization across their balance sheet reconciliation and previously manual Journal Entry processes. The automation features inside Cadency have increased their efficiency, as well in areas such as SOX sampling and testing.

– As the Avengers showed us, the best teams need to grow. While they started as a group of six superheroes in 2012, it took over 30 heroes to take down Thanos in Avengers: Endgame(TM). LKQ Corporation, a leading global distributor of vehicle parts and accessories, implemented Trintech's Cadency solution and successfully conducted 130 acquisitions from 2003-2019, growing 38 times their original size with no additional headcount increase to their F&A team. In addition, they were able to reduce their close to six and a half business days, reduce their cash specialist headcount by nearly 50%, and achieve nearly 90% auto-reconciliation.

Looking to become the Superhero of your organization? Learn how Trintech can help. https://www.trintech.com/schedule-demo/

About Trintech

Trintech Inc., a pioneer of financial corporate performance management software, combines technical and financial expertise to create innovative, cloud-based software solutions that deliver world-class financial operations and insights. From high volume transaction matching and streamlining daily operational reconciliations, to automating and managing balance sheet reconciliations, intercompany accounting, journal entries, disclosure reporting and bank fee analysis, to governance, risk and compliance – Trintech's portfolio of financial solutions, including Cadency(R), Adra(R), and targeted tools, ReconNET(TM), T-Recs(R), and UPCS(R), help manage all aspects of the financial close process. Trintech's excellence in both innovation and client support have been recognized with a variety of awards over the years including most recently "Easiest to Do Business With" and "Fastest Implementation" in G2's Fall 2022 Report. Over 3,500 clients worldwide – including the majority of the Fortune 100 – rely on the company's cloud-based software to continuously improve the efficiency, reliability, and strategic insights of their financial operations.

Headquartered in Dallas, Texas, Trintech has offices located across the United States, United Kingdom, Australia, Singapore, France, Germany, Ireland, the Netherlands, and the Nordic countries, as well as strategic partners in South Africa, Latin America, and the Asia Pacific. To learn more about Trintech, visit www.trintech.com or connect with us on LinkedIn, Facebook and Twitter.

Media Contact:
Kelli Shoevlin
Sr. Manager, Global Corporate Marketing & Communications
kelli.shoevlin@trintech.com

SOURCE: Trintech, Inc.

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Society Pass Appoints Management Team for Nusatrip; Unveils New Nusatrip Logo, Features on Website/App and Plans for Society Pass’ Customer-Centric Digital Ecosystem and Loyalty Platform for Indonesia and in Southeast Asia

JAKARTA, Nov 9, 2022 – (ACN Newswire) – Society Pass Incorporated ("SoPa") (Nasdaq: SOPA), Southeast Asia's ("SEA") leading data-driven fintech and e-commerce ecosystem, today introduces the new Nusatrip CEO and announces its strategic plans moving forward, expanding Nusatrip business coverage throughout SEA. The recent acquisition of Nusatrip International Pte Ltd ("Nusatrip"), a Indonesia-based pioneer in the Online Travel Agent ("OTA") sector, extends Society Pass' reach into the booming SEA regional travel industry with a strong commitment to developing a vibrant online travel platform for both merchants and consumers in SEA.

Society Pass executives announces the appointment of Nusatrip's new CEO, Johanes (Joe) Chang, welcoming Nusatrip into Society Pass' growing ecosystem of technology enabled companies, joining the Society Pass team in its brand new Indonesia office in Jakarta and unveiling Nusatrip's new logo and features for its website and app. Dennis Nguyen, Society Pass Founder, Chairman and Chief Executive Officer, explains, "We are happy to announce the opening of Society Pass' and Nusatrip's Indonesia office as one of our important milestones in synergistically growing the OTA business within the Society Pass e-commerce ecosystem and loyalty platform. With his many years of experience in managing travel and technology companies, Joe will immensely contribute and drive Nusatrip to greater heights in the years ahead."

Society Pass steps into the Indonesia market with a big agenda; to strengthen its position as the pioneer of the next-generation digital ecosystem and loyalty platform in Indonesia and throughout SEA. SoPa looks to acquire attractively valued companies in SEA to join its next generation digital ecosystem with key focuses on loyalty, lifestyle, F&B delivery, telecommunications, digital media, and travel.

Patrick Soetanto, Society Pass Indonesia Country Manager, adds, "Jo will drive our journey in generating new revenue streams by integrating Nusatrip's robust technology and operational efficiency of its leading e-commerce travel platform into our ecosystem. We are reenergizing the OTA business in Indonesia and throughout SEA, to meet the increasing demand of pre-pandemic travel in the regions. More importantly, both Society Pass and Nusatrip aim to boost the travel and digital economy sectors in Indonesia."

Johanes (Jo) Chang, CEO, Nusatrip elaborates, "I would like to thank both Messrs. Nguyen and Soetanto for placing their trust in me to lead Nusatrip and am honored to take on the position as Nusatrip's new CEO. By integrating into the Society Pass fintech and e-commerce ecosystem, Nusatrip embarks on regional expansion and unlimited avenues to grow more channels and revenue streams. With strong support from Society Pass and partners, we are gearing up towards the recovery of the travel industry in Indonesia and SEA in 2023 and 2024."

Jo adds, "Nusatrip's mission is to become a world-class OTA and the most reliable partner for airlines and hotels, offering wide range of travel and tourism related products, services, and experiences to our customers and business partners globally. With our industry recovering from the pandemic, we will continue working within our digital ecosystem and loyalty platform to offer better travel products and services for our customers across SEA."

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, Hanoi, 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, a leading local restaurant delivery service in Philippines.

For more information on Society Pass, please check out:
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/.

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 quality customer-centric support team-as-a-service. In 2022, NusaTrip has officially joined the Society Pass (Nasdaq: SoPa) ecosystem, with headquarters in Jakarta and representative offices in Singapore, Vietnam, Philippines and Thailand. For more information, please check out: https://www.nusatrip.com/.

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

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Alexander Bojer is appointed new CEO of Inacta AG as of January 2023

ZUG, SWITZERLAND, Nov 8, 2022 – (ACN Newswire) – The Board of Directors of Inacta Group AG ("Inacta") has elected Alexander Bojer as a new member of Inacta's group management. He joins Ralf Glabischnig and Marco Bumbacher on the management team from 1 January 2023.

Alexander Bojer

As CEO of Inacta AG, Alexander will continue to drive forward Inacta's core operating businesses of consulting and product development. Ralf Glabischnig will focus on the further growth of Inacta Ventures and take care of the overall development of the group. Marco Bumbacher will continue to manage the corporate functions of the Inacta Group and act as COO of Inacta AG.

Founded in 2009 by Marco Bumbacher and Ralf Glabischnig, Inacta AG is an expert partner for digital transformation and innovation. Leading Swiss companies rely on Inacta's digitalisation know-how and products. For the past five years, Inacta has additionally focussed on blockchain and related areas of innovation, where it plays a pioneering role.

Inacta Ventures is the Inacta Group's own venture-building structure that identifies new business models, designs business models and transfers them into its own start-ups or joint ventures. At the end of 2021, Inacta included 15 majority-owned companies and more than 40 minority-owned companies. In addition, expansion into the Middle East was pursued and a new investment company, Crypto Oasis Sentio, was founded in Dubai, which has already made over 30 investments in start-ups.

From 2002 to 2013, Alexander Bojer held a number of roles, including as a management consultant at Accenture and The Boston Consulting Group (BCG). Since 2014, he has co-founded several technology start-ups and was most recently responsible for building the health start-up, Well Gesundheit, AG as its CEO.

Alexander Bojer says, "I am very much looking forward to shaping the great success story of Inacta together with the two founders, the board of directors, the management team and all employees."

Ralf Glabischnig says, "With these new structures we have the right people in key positions to continue to successfully drive the Inacta Group forward. Thanks to this new management organisation I have the opportunity to focus even more on strengthening and growing Inacta Ventures at home and abroad."

Daniel Sauter, Chairman of the Board of Directors of Inacta Group AG: "With Alexander, we have been able to gain a competent and experienced CEO. With his broad expertise as an entrepreneur and consultant, he will further advance our core business of consulting services and product development."

About Inacta Group

Inacta Group stands out from its peers with its innovative services and products related to digital transformation, blockchain-based business models and information management and is involved in the international venture business with offices in Switzerland and the United Arab Emirates. The Inacta Group emerged from the fast-growing Inacta AG – an independent Swiss IT company founded in Zug in 2009. It owns stakes in international start-ups and service providers with a focus on blockchain, digital assets, fintech and artificial intelligence.

Press contact:
Jennifer Arman
+41 41 725 08 86
jennifer.arman@inacta.ch

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Society Pass Inc (Nasdaq: SOPA) Awarded Game Changer Award from Alibaba Cloud AsiaStar 10×10 2022

SINGAPORE, Nov 8, 2022 – (ACN Newswire) – On Friday, 04 November 2022 during the Apsara Conference, Alibaba Cloud awarded Society Pass Incorporated ("SoPa") (Nasdaq: SOPA), Southeast Asia's ("SEA") leading data-driven fintech and e-commerce ecosystem, the Game Changer Award in recognition of companies that set precedents or broke records in Southeast Asia (SEA).

Initiated by Alibaba Cloud in 2009, the Apsara Conference witnesses the development of digital intelligence and technological innovation and 2022 marks the 13th edition of the conference. Known as AsiaStar 10×10, along with tech ecosystem partners, Alibaba Cloud recognises companies, communities, and projects in ten categories across SEA. The awardees are selected from the representatives of Alibaba Cloud, government agencies, investors, industry experts, and media outlets.

Raynauld Liang, Chief Financial Officer of Society Pass, explained, "Society Pass is building the next generation digital ecosystem in SEA. On behalf of our company, I would like to thank Alibaba for this recognition of SoPa's paradigm shifting, game changing business model. With the digital platform we are building, Society Pass looks forward to closely working with Alibaba in the months and years ahead."

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, Hanoi, 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, a leading local restaurant delivery service in Philippines.

For more information on Society Pass, please check out:
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

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

16th Edition BFSI IT Summit South Africa

JOHANNESBURG, SOUTH AFRICA, Nov 8, 2022 – (ACN Newswire) – After successful 15 editions of BFSI IT Summit, Exito is all set to host another milestone event – which serves as an ideal platform to enhance the experience to latest insights in "Future Proofing BFSI In Africa". The South African banking industry has widely been regarded as one of the best banking systems in the world. South Africa also boasts of a FinTech sector that plays an integral role, not only for the country, but for the African continent as a whole. The country has historically been a major trade and investment commercial hub for the African continent to do business globally. Digital has been on the executive agenda of South Africa's financial services industry for the past decade. It has been the major driving force behind tremendous changes across the industry, allowing innovation and healthy competition to flourish. As the sector continues to drive innovation, BFSI technology leaders find themselves looking for new ways to redefine their strategy comprehensively, outgrow competition and remain resilient. Customer-centric approaches, digitization, automation of processes and data security continue to be priority for IT leaders from the BFSI sector.

The 16th Edition BFSI IT Summit, is an in-person conference bringing together the top technology leaders from the fraternity. The Summit aims to be a learning and networking platform curated to deep dive into the imminent challenges faced by the BFSI sector and indentify best practices to overcome the same.

The summit is an ideal platform for Technology and Innovation leaders to Meet, Interact and Gain new insights on the digital transformation and innovations from the Banking and Financial Services Industry. At BFSI IT Summit South Africa, you will hear from top IT experts on strategy, action plans and best practices towards building an agile digital organization.

The summit will bring together 150+ IT Leaders, CIO, CTO, VP/ AVP-IT, Director IT, CDO, General Manager IT to discuss the best practices in Cyber Security and engaging in panel discussions, industry keynotes and solution showcases that will enable IT leaders to chart out the optimal strategic path.

Speakers like John Bosco Arends- Chairperson Chartered CIO council, Group Head Information and Network Technology Operations City of Johannesburg, South Africa, Kumaran Selvarajalu-Senior General Manager: Payments, Payments Division, The Banking Association South Africa, Shergeran Naidoo- Head: Stakeholder Engagement BankservAfrica, Thembelani Mkhize CA(SA)- Head: Finance, Hollard Investments, Shoaib Nathie- Chief Information Officer, CIB, Dr. Sizwe Gwala- Head of Data Governance: Group Compliance, Absa Group, Sanele Samuel Mtshotana- Associate Financial Markets Specialist South African Reserve Bank, Paul Morley- Executive: Group Data Services, Nedbank Group Technology, Megaree Naraidoo- Enterprise Architect, AVBOB 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 takeways 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, experts resources, friends and colleagues on the 17th of November 2022.

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

To know more about the event, https://bfsiitsummit.com/africa/

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!

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Society Pass Inc (Nasdaq: SOPA) Adds Cypto Currency Payments Capabilities by Partnering with Canada-based CoinSmart Financial Inc (NEO: SMRT) (FSE: IIR)

SINGAPORE, Nov 7, 2022 – (ACN Newswire) – Society Pass Incorporated ("SoPa") (Nasdaq: SOPA), Southeast Asia's (SEA") leading data-driven fintech and e-commerce ecosystem, today announces the establishment of a strategic crypto currency payment partnership with Canada-based CoinSmart Financial Inc ("CoinSmart") (NEO: SMRT) (FSE: IIR), a leading Toronto-headquartered crypto asset trading platform.

Under this paradigm shifting collaboration, SmartPay by CoinSmart provides transaction settlement services in crypto currency for consumers and merchants on SoPa's ecosystem. Leveraging CoinSmart's advanced technological solutions spanning crypto payments, invoicing, trading, auto-sell wallets and crypto withdrawals, SoPa now offers more diversified and cost-saving payment options. In particular, merchants on SoPa's loyalty platform are now enabled to enjoy new growth in customer base, low processing costs and quicker settlement processes.

Backed by the ever-increasing number of users worldwide, crypto has become the world's fastest-growing payment method. According to Allied Market Research, the global crypto currency market size was valued at US$1.03 billion in 2022 and is projected to reach US$4.94 billion by 2030, growing at a CAGR of 12.8% from 2021 to 2030. Along with the continuous expansion of the global market, according to a new survey by Deloitte, nearly 75% of retailers plan to accept crypto payments in the next 24 months.

CoinSmart's user-friendly platform features instant verification, enterprise-grade security, cold wallet storage and reporting tools for tax and audit purposes in the meantime. Currently, CoinSmart supports popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Stellar, etc. as well as fiat currencies including CAD, USD, EUR and AUD.

Dennis Nguyen, Founder, Chairman and Chief Executive Officer of Society Pass, explained, "According to a report by White Star Capital, SEA is a hotbed for crypto adoption with over 23.5 million crypto owners alone or a 3.56% crypto ownership rate. In fact, Singapore has a higher percentage of crypto ownership than the United States. As a result, we see huge market potential and demand in crypto payments in the region and, combined with the synergistic effect created from the payment partnership with CoinSmart, SoPa's data-driven fintech and e-commerce ecosystem will drive crypto payment adoption in SEA even higher."

"We are beyond excited to extend our partnership landscape to Canada and to welcome CoinSmart to the SoPa family as it perfectly aligns with our expansion and partnership strategy. After incorporating CoinSmart's blockchain capabilities, our ecosystem is expected to see an increase in the number of customers, user viscosity and revenue growth," added Mr. Nguyen.

Started in 2018, CoinSmart has been a secure and intuitive platform for trading digital assets. As a FINTRAC restricted dealer and marketplace through the Canadian Securities Association (CSA), CoinSmart breaks down the barriers of complex cryptocurrency transactions with an emphasis on educating the crypto curious. CoinSmart, in addition, offers simple solutions, learning tools for all levels, and 24/7 omni-channel client support.

Justin Hartzman, CEO of CoinSmart, commented "The vision of CoinSmart is to build a democratised crypto trading platform where consumers can easily access payments via email, user's business website and in-person at a click of a button. As crypto is the fastest-growing payment method across the globe, our SmartPay services eliminate chargebacks and significantly reduce costs of processing fees compared to other processing options. By joining forces with SoPa's extensive ecosystem and large user base in SEA, we are thrilled about the combined marketing capabilities we now bring collectively to our partners and customers."

Society Pass has been leveraging cutting edge technology to tailor an unprecedented purchase experience for the next generation customers with an aim to ultimately transform the entire retail value chain in SEA. SoPa makes continuous efforts in diversifying the Company's ecosystem and capturing growing opportunities in the market under new meta economy, by means of strategic acquisitions of market-leading companies and partnerships with visionary entrepreneurs in six distinct B2C e-commerce verticals: loyalty, lifestyle, food & beverage delivery, telecoms, digital marketing, and travel.

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, Hanoi, 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, a leading local restaurant delivery service in Philippines.

For more information on Society Pass, please check out:
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/.

About CoinSmart

CoinSmart is a leading Canadian-headquartered crypto asset trading platform dedicated to providing customers with an intuitive way for buying and selling digital assets, like Bitcoin and Ethereum. CoinSmart is one of the few crypto asset trading platforms in Canada to be registered as a securities dealer and marketplace with the Ontario Securities Commission. CoinSmart is also one of the first Canadian headquartered trading platforms to have an international presence, accepting customers across 40+ countries at a time when the digital asset industry continues to rapidly expand. CoinSmart further builds on its mission to make cryptocurrency accessible by providing educational resources tailored to every level of cryptocurrency knowledge and unparalleled 24/7 omni-channel customer support. Offering instant verification, industry leading cold wallet storage, advanced charting with order book functionality and over-the-counter premium services, CoinSmart ensures every client's needs are met with the highest level of quality and care. For more information, please visit www.coinsmart.com or smartpay.coinsmart.com.

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

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com