IBEX INDIA 2024: 11th International Trade Fair and Conference for BFSI Tech & Fintech Sector

MUMBAI, INDIA, Jan 12, 2024 – (ACN Newswire) – The 11th edition of IBEX INDIA, India’s leading comprehensive Banking Technology Trade Expo & Conference will be organised from 21 – 23 February 2024 at Jio World Convention Centre, Mumbai, India.

IBEX INDIA is a dedicated trade fair and conference, establishing a strategic platform for service providers to the BFSI sector. Showcasing innovative and transformative technologies, the 11th edition of IBEX INDIA brings the entire spectrum of the BFSI sector providers to the forefront.

IBEX INDIA, which has been connecting BFSI with technology since 2011, provides the right environment to experience future technologies. With the industry actively collaborating with potential technology partners to create bespoke solutions and adopt technologies such as blockchain, AI, and quantum computing, networking for business growth is a required endeavour. The holistic venue for introducing banks to cutting-edge innovations in IBEX INDIA 2024.

During the 3 days of Trade Fair and Conference the BFSI Sector in India and South Asia as a whole will interact with top worldwide technology solution providers exhibiting a variety of developments. Attendees at IBEX INDIA Expo 2024 will have the exclusive opportunity to stay updated on the latest advancements in banking automation, fintech, physical infrastructure, IT infrastructure/network, security, retail banking, Insurtech, artificial intelligence, digital banking, and more. By attending IBEX INDIA 2024, attendees can engage with key stakeholders in the BFSI sector. They will have the opportunity to cultivate meaningful connections with industry experts, potential clients, and strategic partners. Additionally, attendees can gain valuable insights into current market trends, learn about the best practices in the industry and identify tailored solutions for their brands.

Endorsed and supported by Bank of Maharashtra, Central Bank of India, City Union Bank, CSB, Dhanlaxmi Bank, Equitas, Federal Bank, Fincare, Fino, Fintech Association of Sri Lanka (FASL), Indian Overseas Bank, Karnataka Bank, Karur Vysya Bank (KVB), The Maharashtra State Co-operatives Banks’ Association LTD. (MSCBA), National Federation of State Co-operative Banks LTD. (NAFSCOB), NKGSB Co-operative Bank LTD., RBL Bank, South Indian Bank, The Rajasthan Urban Co-operative Banks Federation LTD., UCO Bank and Union Bank of India, IBEX India 2024 has unanimous industry backing.Industry associations such as Digital Security Association of India (DiSAI), Cyber Society of India (CSI), Finance Industry Development Council (FIDC), extending support, repose confidence in IBEX India as an extraordinary networking platform.

The IBEX INDIA conferences include high-level keynote speeches, thought-provoking panel discussions and special addresses. A series of panel discussions will be held with an impressive panel of speakers with senior officials from private and public sector banks. The agenda of the discussions will cover themes on BFSI Innovations, Trends & Next Practices among others. The conferences on day 1 will focus on the themes of Adoption of AI – Governance, Strategy & Policies, Embracing Zero Trust Infrastructure – from strategy to implementation, and Compliance Automation, Reg Tech and Legal Tech – Managing Complex Regulations in today’s Digital World. On day 2, the panel discussions will cover themes such as Customer Service Excellence & Mar tech – Curating top of the order marketing programs to optimize reach and deliver more personalized customer experiences, Navigating the Future: Outsourcing Strategies in the New IT Regime starting April 2024, and Digital Public Infrastructure – game changer for banking, insurance and financial services.In line with the vibrant start-up environment, IBEX INDIA 2024 will also feature a start-up corner offering the Indian BFSI start-up community the opportunity to showcase promising innovations.

As we embark on the 11th edition, IBEX INDIA proudly unveils the Technology Awards 2024, underscoring the dedication to recognizing and celebrating technological prowess, innovation, and excellence within the Indian BFSI landscape. The award ceremony will be evaluated by an esteemed jury panel comprising seasoned experts from the BFSI Sector , Technology, Insurance, Regulation, and Financial Services. In collaboration with IBEX INDIA 2024’s exclusive knowledge partner, Capgemini, the awards promise to be a benchmark in recognizing excellence within the industry. The jury panel and knowledge partners have meticulously curated relevant award categories and judging parameters to ensure a fair and impartial evaluation for all nominees.

Join IBEX INDIA 2024 and explore the latest advancements in technology as demonstrated by industry experts. The event will feature businesses showcasing their products, solutions, and technological capabilities, offering attendees a unique opportunity. With three-day trade fair and two day conference, IBEX INDIA 2024 is an unparalleled platform for participants to connect and explore new opportunities.

For more details
https://ibexindia.com/

Media Contact
Mona Ebenezer
Manager – Marcom
mona@pdaventures.com

Igloo closes US$36M Pre-Series C fundraise with 50% valuation increase

SINGAPORE, Dec 6, 2023 – (ACN Newswire) – Regional insurtech Igloo today announced that it has closed a US$36 million Pre-Series C funding round. Global investment firm Eurazeo, through its insurtech fund backed by the insurer BNP Paribas Cardif, led the investment. Openspace and La Maison, who previously participated in Igloo’s Series B and Series B+ fundraises, also joined in, reaffirming their confidence in the company’s strong business fundamentals. Eurazeo invested through its insurtech fund focused on innovative technologies and business ideas disrupting the insurance industry, whilst Openspace’s investment in this round comes via its mid-stage fund, OSV+, which is focused on the Series C and D rounds of transformative technology companies in Southeast Asia.

Matthieu Baret, Managing Partner – Venture at Eurazeo shared: “We are thrilled to invest in Igloo with the insurer BNP Paribas Cardif. With our investments in China, Indonesia, India, and Singapore, we’re extending our footprint with the ambition to become a leading player in Asia.”

“We have been following Igloo for some time now and have been impressed with their evolution into a diversified insurance platform across channels and products. The insurance market in Southeast Asia is still very underpenetrated and we believe Igloo is in a strong position to help solve this by making insurance more easily accessible and understandable for consumers,” shared Albert Shyy, Managing Director, Eurazeo.

This latest round comes just 10 months after Igloo’s previous Series B+ fundraise led by BlueOrchard-managed InsuResilience Investment Fund II. In total, the company has raised US$100 million. Notably, Igloo’s Pre-Series C round closed at an increased valuation of 50 percent from its Series B+ round in 2022, as the company moves closer to profitability in 2024. Igloo is on track to double its 2022 Gross Written Premiums (GWP) at a low burn rate; its robust engineering core and data focus, the company’s path to profitability in 2024 is set.

“We’re always thrilled when the opportunity arises to keep investing in a company at the mid-stage that we’ve previously backed – and Igloo’s recent growth and steps towards profitability have given us further confidence in the business’s ability to capture and expand the insurance market in Southeast Asia,” said Jessica Huang Pouleur, Partner, Openspace Ventures. “Our team has been actively involved in working with Igloo to this point, and those existing relationships will enable us to seamlessly continue adding operational and commercial value as the business integrates, acquires, and strengthens capabilities.”

Asia’s insurance market is brimming with untapped potential, especially in emerging economies like Indonesia, Vietnam, and the Philippines. Despite the rising adoption of insurance, many remain underinsured. This vast, underserved demographic has caught the attention of investors, with companies like Igloo standing out due to their innovative approach to the evolving landscape in these markets – addressing pain points across the insurance value chain for insurers, sales intermediaries, retailers and consumers.

Igloo’s recent scores include two innovative offerings. In 2022, it launched Ignite by Igloo, a digital platform that enhances the productivity of sales intermediaries in Vietnam and Indonesia. Ignite by Igloo works with 22,000 sales intermediaries and agent partners and aims to close 2023 with 50,000 agents as it expands into other markets. In line with Igloo’s purpose of improving financial inclusion for underserved segments, over 60 per cent of Ignite by Igloo’s intermediary partners are female.

Another innovation for Igloo is its Weather Index Insurance, a pioneering blockchain-based parametric insurance for farmers. The product has drawn interest from partners in Vietnam and across Southeast Asia for its potential to greatly benefit the agricultural sector. Despite its novelty in a highly traditional sector, Weather Index Insurance has already been adopted by thousands of farmers since launching last November and covers 20,000 hectares of coffee and padi farms.

Igloo has facilitated over 500 million policies and aims to double its Gross Written Premium (GWP) from 2022. As of today, it has also actively established over 75 partnerships across six countries, expanding its product offerings to cover consumer finance, e-commerce, and logistics. In August 2023, Igloo was named ‘Insurtech of the Year’ by the Asia Fintech Awards.

The new funding will go towards both horizontal and vertical M&A opportunities – having added intermediary licenses across SEA this year, in addition to its license in Indonesia. It will also increase its workforce by 20% across engineering, commercial, strategy and insurance-focused verticals. On the product and value chain enhancement aspect, it looks to double down on motor, health, climate-related products, underwriting and claims digitization and AI and blockchain technologies.

Raunak Mehta, Co-Founder and CEO at Igloo, shared, “The support from our investors is a testament to Igloo’s steady growth and resilience amidst macro headwinds and a validation of our strategy. We are the only insurtech in Southeast Asia with a robust profit and loss (P&L) statement, a diverse multi-product portfolio, and an extensive distribution line.”

About Eurazeo

Eurazeo is a leading global investment group, with a diversified portfolio of €35.2 billion in Assets Under Management, including €25 billion from third parties, invested in around 600 companies. With its considerable private equity, private debt, real estate asset and infrastructure expertise, Eurazeo accompanies companies of all sizes, supporting their development through the commitment of its 400+ professionals and by offering deep sector expertise, a gateway to global markets, and a responsible and stable foothold for transformational growth. Its solid institutional and family shareholder base, robust financial structure free of structural debt, and flexible investment horizon enable Eurazeo to support its companies over the long term. Eurazeo has offices in Paris, New York, London, Frankfurt, Berlin, Milan, Madrid, Luxembourg, Shanghai, Seoul, Singapore and Sao Paulo. Eurazeo is listed on Euronext Paris.

About Openspace

Openspace is a leading Southeast Asian venture capital firm, finding and backing companies creating a transformative impact where tech meets life. It has 6 funds with $800M in committed capital and has 39 dedicated employees, including full-time specialists within the Portfolio Success team. It is co-headquartered in Singapore and Jakarta, with active offices in Bangkok, Manila and Ho Chi Minh City. Its portfolio of 40+ companies includes GoTo, Pick Up Coffee, Halodoc, Kredivo Holdings. www.openspace.vc

About Igloo

Igloo is a regional full-stack insurtech firm headquartered in Singapore. It has offices in Singapore, Indonesia, Thailand, The Philippines, Vietnam and Malaysia and tech centres in China and India. With a mission of making insurance accessible for all, the firm leverages big data, real-time risk assessment, and end-to-end automated claims management to create B2B2C insurance solutions for platform companies and insurance companies. Igloo’s insurance solutions enable companies to eliminate their exposure to operational risk, create new revenue streams, and optimise and enhance existing products and services. It has partnered with over 75 well-known brand names across the markets in various verticals, including insurance, telecommunications, e-commerce, hospitality, health tech and financial services. Recognised by the industry for its innovations and expertise in its space, Igloo was named ‘Insurtech of the Year’ in the 2023 Asia Fintech Awards. For more information, please visit https://www.iglooinsure.com/.

For Media Enquiries
PRecious Communications for Igloo,
igloo@preciouscomms.com

GMEX ZERO13 wins COP28 TechSprint and continues network expansion

LONDON / UAE, Dec 6, 2023 – (ACN Newswire) – ZERO13, the GMEX Group initiative providing a digital climate fintech platform-as-a-service, is delighted to announce the addition of four new participants to its Asset Settlement Network and its selection as the winner of the prestigious COP28 TechSprint for blockchain technology.

The COP28 TechSprint, launched by the Central Bank of the United Arab Emirates (CBUAE), COP28 Presidency, the Bank for International Settlements (BIS) and the Emirates Institute of Finance (EIF) recognises solutions that address challenges in sustainable finance and focus on scaling up climate action through advancing innovative technology solutions. The awards are based on problem statements developed in three categories: AI, Blockchain and IoT and Sensor Technologies. ZERO13 was selected as the winner in the blockchain category, delivering ‘innovative blockchain solutions in sustainable finance to scale up climate action’.

ZERO13 is a pioneering UK-led solution that fosters connectivity and collaboration across the global climate markets, providing an ecosystem that addresses fragmentation, greenwashing, double counting and price transparency in the carbon credit markets and beyond. These activities can positively influence water, food and energy security globally, which in turn aids economic growth, amplifies investments in sustainable initiatives, and enhances community development.

Since its launch, ZERO13 has expanded its interoperable ‘network of networks’ and grown its partnerships, bridging climate tech and climate fintech firms. Universal Carbon Registry, Decarb.earth, Koat Intelligence Solutions and Plato Data Intelligence now join 50+ end-to-end data, issuance, trading, clearing and settlement lifecycle participants collaborating with the platform.

ZERO13 is a cloud-native platform designed to be infrastructure-agnostic, ensuring flexibility in deployment. It features various dApps for managing security policies and digital assets, executing cross-ledger functions as an Asset Settlement Network (ASN) for atomic settlements. The ZERO13 Ecosystem functions as a decentralised hub, orchestrating workflows among multiple exchanges, participants, custodians, and registries. It seamlessly integrates digital monitoring and verification providers for real-time asset checks on carbon offset supplies and project provenance analysis.

Hirander Misra, CEO of GMEX Group and ZERO13 said, “We are excited and grateful to be recognised as the winner of such a preeminent award at COP28. We are at a critical juncture in carbon markets, where innovation is essential if we are to make a meaningful impact to tackle climate change.” He added, “It is great to see a broad spectrum of players from across the carbon value chain increasingly embrace the collaborative approach that ZERO13 advocates, interconnecting climate tech and climate fintech more closely together.”

His Majesty’s Trade Commissioner for the Middle East and Pakistan, Oliver Christian said: “I’m delighted that GMEX Group is leading the way in providing solutions for climate tech and climate fintech. The expansion of ZERO13 announced at COP28 is testament to UK innovation in digital sustainable finance.”

Atul Kumar Mishra, Managing Director at Universal Carbon Registry (UCR) added: “We are delighted to be digitally integrated into ZERO13 allowing our suppliers of high-quality carbon credits to access trading, clearing and settlement capabilities with ease.”

Marco Funk, CEO of Decarb.earth commented: “Our partnership with ZERO13 enables a fully end-to-end carbon credits solution. We generate offsets through our IoT-enabled projects and get them third-party audited and registered, and in turn can sell them seamlessly as spot or forward contracts through the marketplace access ZERO13 provides.”

Dallas Toth, CEO of Koat Intelligence Solutions added: “Koat is a powerful AI intelligence solution providing smart data and insight into conversations with whole web, real time, narrative analysis. Its integration with ZERO13 enables users to see sentiment driven ESG ratings for companies and measure the impact of their sustainability actions.”

Bryan Feinberg, CEO of Plato Data Intelligence commented: “The ZERO13 integration of Plato AI ESG as an open intelligence repository and platform that unlocks the power of vertical search in a highly scalable and engaging way enables ZERO13 ecosystem participants to consume and synthesise real-time ESG data intelligence.”

Please refer to the COP28 UAE Tech Sprint official announcement here: https://www.bis.org/hub/2023_cop28_techsprint.htm

The COP28 UAE Tech Sprint report can be accessed here: https://www.bis.org/innovation_hub/projects/2023_cop28_techsprint.pdf

About GMEX Group Limited

GMEX Group (GMEX) offers sustainable digital solutions for the new age of global markets. The firm is a leading global provider of multi-asset exchange trading and post-trade software and Software-as-a-Service (SaaS) market infrastructure solutions and ‘network of networks’ digital platform services. GMEX addresses end-to-end regulatory and contract environment needs for issuance, trading, clearing, and settlement across exchanges and across multiple asset classes including traditional, digital and hybrid assets, carbon credits and ESG real-world assets.

GMEX acquired Pyctor from ING in July 2022. It had previously been used by ING, ABN AMRO, BNP Paribas Securities Services (BNPPSS), Citibank, Invesco, Société Générale – Forge, State Street, UBS and other leading institutional players in UK regulatory sandbox trials.

GMEX industry recognition awards include:

Best Development in Fintech of the Year – 2022
Best Global Hybrid Finance FinTech Company – 2022
Best Solution for Trading Digital Assets – 2023
Most Influential Financial Technology Firms of 2023 – 2023

For further information on GMEX, please visit https://www.gmex-group.com/.

About ZERO13

ZERO13, a GMEX initiative, is an automated AI and blockchain-driven international carbon exchange, registry, and aggregation hub ecosystem. Accessed as a ‘Platform as a Service’ (PaaS), the ZERO13 Hub offers a distributed point of entry for digital issuance, trading, and settlement of carbon credits and real-world assets such as ESG securities.

ZERO13 Hub connects multiple international carbon exchanges, registries, custodians, and ESG project owners for supply verification, transparent pricing, and real-time settlement. Connections are via APIs and blockchain enabled by ZERO13 Chain (Pyctor).

Pyctor’s technology has been harnessed to extend ZERO13 Hub’s Platform-as-a-Service (PaaS) capabilities and to power ZERO13 Chain as a multi-blockchain and multi-API interoperable ‘network of networks’. This is an effective and robust mechanism for settling various assets, optimising Delivery versus Payment (DvP) contracts through native integration for token deposits.

For further information on ZERO13, please visit https://www.zero13.net/.

Media Contact
GMEX Group and ZERO13
Alice Ellman-Brown
The Realization Group
Tel: +44 (0)7365 224804
alice.ellman-brown@therealizationgroup.com
pr@gmex-group.com

BitMask Wallet 0.7.0 Soars: A Quantum Leap in Bitcoin Evolution Surges Over 760,000 Wallets in Just One Month

SAN FRANCISCO, November 23, 2023 (ACN Newswire) – DIBA Global, backed by industry titans including Draper Associates, ACTAI Ventures, Waterdrip Capital, Martial Eagle Fund, Brad Mills, Rodney Yesep, and others, has sent shockwaves through the Bitcoin industry with the beta release of BitMask Wallet 0.7.0. This marks a historic moment as the user base surpasses 763,623 wallets. This milestone, achieved without any advertising, underscores the community’s trust in DIBA’s commitment to advancing Bitcoin utility.

Worthy of note is the official partnership between DIBA GLOBAL and Satoshi Lab to foster the development and advancement of Bitcoin technology and, as a result, build a better world for all.

Unveiling the Future: BitMask Wallet 0.7.0

BitMask Wallet 0.7.0 is not merely an update; it’s a quantum leap in the evolution of Bitcoin wallets. As one of the pioneers offering first-class support for RGB, the release signals DIBA’s dedication to pushing the boundaries of what’s achievable on the Bitcoin network. The beta version, accessible at beta.bitmask.app, is a glimpse into the upcoming launch of a groundbreaking marketplace for Unique Digital Assets, poised to reshape the digital economy.

BitMask Wallet 0.7.0 is a game-changing release that sets new standards for Bitcoin wallets. With BitMask Core, written in Rust, compiled to WebAssembly, and provides TypeScript bindings, it reflects DIBA’s commitment to technical excellence and delivery capabilities. Visit bitmask-core.io for more information.

Community-Powered Growth: Unleashing Potential

The success story behind BitMask Wallet’s growth is awe-inspiring. No advertising, just relentless innovation. More than 763,623 wallets have been generated by users, with over 201,221 on Bitcoin mainnet, and the remainder spread over testnet, Mutinynet signet, and regtest. Not every user has wallets on every network and many will have used multiple networks. Regtest is primarily used by developers, which suggests significant adoption of BitMask amongst the RGB developer community. The numbers speak volumes about the community’s belief in DIBA’s vision and the utility offered by BitMask Wallet.

The team expresses their sincerest gratitude to BitMask community member and researcher @DaPangDunCrypto, who generously shared news of our innovation and communicated details about RGB smart contracts on Bitcoin with the Chinese community.

Technical Marvel: Metrics and Security

The technical prowess behind these metrics is equally impressive. Utilizing Carbonado, an encoding format developed by DIBA, RGB contract data is securely kept in decentralized storage. End-to-end encryption, powered by a wallet-derived key, ensures utmost security. Data is stored on servers operated by Hut8, with plans to expand storage partnerships, reflecting DIBA’s commitment to robust decentralized infrastructure.

Revolutionary Features of BitMask Wallet 0.7.0

The 0.7.0 release introduces a host of features, including:
– Password Sync in Extension: Enhancing user experience by minimizing password prompts.
– Transfer Batching: Optimizing RGB transfers with fee adjustments for consecutive transactions. This will result in a dramatic reduction in fees for our users.
– Contract Management: Users can now hide unwanted contracts and republish existing contracts to the BitMask Asset Registry.
– User Experience Enhancements: Numerous improvements and bug fixes for a seamless experience.

Future of Bitcoin: A Bold Step Forward

BitMask Wallet 0.7.0 is not just a wallet; it’s a statement. A statement that DIBA is committed to pushing the envelope, introducing features that redefine user experience, and laying the groundwork for the future of Bitcoin. We are still very early.

Join the Revolution: #GOATs Incoming

Follow DIBA’s socials on X* (formerly Twitter) and Nostr** for an impending announcement of Gift of Attendance Tokens (GOATs). The Bitcoin world is watching, and you won’t want to miss this historic moment. Join us as we reshape the digital landscape and usher in a new era of Bitcoin innovation.

*X: @trydiba and @BitMask_App
**Nostr: npub1dlpahda2wchw96pxmszx30hwnq05kh5emg467rtvcay48dgvccwsspm3ul

For media inquiries:

DIBA Communications

Anastasia Ilicheva, Anastily@diba.io
https://diba.io
https://beta.bitmask.app,
http://bitmask-core.io/

Greenridge Global Initiates Equity Research on Society Pass Inc (Nasdaq: SOPA): Loyalty Wallet-Based eCommerce Ecosystem & Influencer Advertising Agency Poised For Outsized Growth In Fast Growing Southeast Asia

NEW YORK, Nov 2, 2023 – (ACN Newswire) – Greenridge Global LLC (“Greenridge Global”) initiates equity research coverage on Society Pass Inc. (Nasdaq: SOPA) (“SoPa” or the “Company”), Southeast Asia’s (SEA) next generation, data-driven, loyalty, fintech and e-commerce ecosystem.

Click Here (on Society Pass website) to view the full Greenridge Global Equity Research Report.

Summary Points:

• Valuation: Greenridge Global initiates coverage with a target price based on an EV/Revenue multiple of roughly 3 times 2025 Revenue estimate of $33.3 million, discounted back one year at 20%. The mix of social/influencer advertising and a loyalty-driven eCommerce ecosystem present a unique opportunity to capture this growth, and collect an abundance of data that can be monetized down the road. Greenridge Global believes the market is not fairly valuing SoPa’s assets at this time and believe listing some of its subsidiaries provides greater transparency to SoPa’s overall business model.

• SEA is Ideal Market for SoPa: SoPa is uniquely positioned to capitalize on the young and rapidly growing digitally-connected population in SEA, which is poised to see among the highest GDP growth rates over the next handful of years, while having arguably less geopolitical risk than other countries.

• Loyalty Wallet to Drive Revenues Growth: The Company launched its Society Points Loyalty Wallet in June 2023 and should have all of its subsidiaries linked by the end of 2023, which should boost sales across businesses, increase retention and offer unique advertising opportunities to the 3.3 million users of its companies.

• Thoughtful Media Expected to See Substantial Revenue Generation: Thoughtful Media is in the early stages of rapid expansion, through strategic bolt-on acquisitions and opening new regional offices, all of which should result in substantial Revenue growth in the next few years.

• SEA Unbanked Population Offers Growth Potential for SoPa: Roughly 70% of Southeast Asia’s population is unbanked or underbanked, making the payment options of the Loyalty Wallet a starting point for the Company to deliver different financial service options to its users.

• Acquisitions to Drive NusaTrip Growth: The recent VLeisure acquisition and early rollup stages of traditional travel agencies, coupled with the mobile access Gorilla’s eSIM brings should turn NusaTrip into a holistic travel booking destination for the SEA region, which has seen rapid increases in travel post-Covid.

• Expected Capital Markets Activities in 2024 to Unlock Value: SoPa is in the midst of listing two of its key assets, Thoughtful Media and NusaTrip, which should enhance the valuation of these assets, as well as provide for more diverse funding and M&A options.

About Greenridge Global LLC

Greenridge Global was founded in June 2012 with the aim of providing a range of institutional services to small cap and Asian-based companies who have been abandoned by traditional broker-dealers. Greenridge’s growing team has a rich history of working in buyside, sell-side and investment banking capacities in the US and Asia, enabling it to have a broad network of investors and industry partners. We look forward to providing a high level of value added service to our corporate and investor clients around the world. For more information on Greenridge Global, please visit: Website at https://www.greenridgeglobal.com/home.html.

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 Bangkok, Ho Chi Minh City, Jakarta, Manila, and Singapore, Society Pass Incorporated (Nasdaq: SOPA) is an acquisition-focused holding company operating 5 interconnected verticals (loyalty, digital media, travel, telecoms, and lifestyle), 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 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 3.7 million registered consumers and over 650,000 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; VLeisure, Vietnam’s leading provider of hotel management and payment solutions; Gorilla Global, a Singapore-based, mobile network operator; Leflair.com, Vietnam’s leading lifestyle e-commerce platform; Pushkart.ph, a popular grocery delivery company in Philippines; and NextGen Retail, a Indonesia-based e-commerce platform.

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 Contact:
Rokas Sidlauskas
Chief Marketing Officer
rokas@thesocietypass.com

Society Pass Inc (Nasdaq: SOPA) Awarded the 2023 APEA Fast Enterprise Award for E-Commerce Category

SINGAPORE, Nov 1, 2023 – (ACN Newswire) – Society Pass Incorporated (“SoPa”) (Nasdaq: SOPA), Southeast Asia’s (SEA) next-generation, data-driven, loyalty, fintech and e-commerce ecosystem, announces that it received the Enterprise Asia’s 2023 “Fast Enterprise Award for E-Commerce” award. The Asia Pacific Enterprise Awards (APEA) ceremony was held on 05 October 2023 at the Log Hotel in Ho Chi Minh City, Vietnam.

SoPa CFO, Tan Yee Siong, accepting Fast Enterprise Award for E-Commerce

Through the prestigious APEA programme, Enterprise Asia recognizes entrepreneurial excellence throughout the Asia Pacific region. APEA aims to band leading entrepreneurs and organizations across Asia to spur greater innovation, fair practices and growth in entrepreneurship, creating a successful entrepreneurial ecosystem which will then shape Asia to sustainable economic and social growth. APEA honors business leaders and organizations who have shown outstanding performance and tenacity in developing successful businesses, whilst not neglecting the social responsibilities that come with leadership.

Tan Yee Siong, Chief Financial Officer of SoPa, comments, “We are very proud to receive this Fast Enterprise Award for the e-commerce category from Enterprise Asia. It is a reflection and recognition of the effort and hard work that our teams across the ecosystem deliver daily. We significantly invest into recruitment, training and implementing best practices across our operations. The benefits are already reflected in the growth of our company, but it is especially rewarding to be recognized for those efforts by APEA. We continue to deliver and hope to be nominated again across other categories in the years to come.”

Kevin Vong, Executive Director of Enterprise Asia, said, “APEA’s goal is to recognize enterprises and business leaders who have shown outstanding track records, perseverance and growth. It is our great pleasure to congratulate Society Pass Incorporated for being selected as the winner under the e-Commerce Industry of the prestigious Asia Pacific Enterprise Awards (APEA) 2023.”

About Enterprise Asia

Enterprise Asia is a leading non-governmental organization in pursuit of creating an Asia that is rich in entrepreneurship as an engine towards sustainable and progressive economic and social development within a world of economic equality. Its two pillars of existence are investment in people and responsible entrepreneurship. Enterprise Asia works with governments, NGOs and other organizations to promote competitiveness and entrepreneurial development, in uplifting the economic status of people across Asia and in ensuring a legacy of hope, innovation and courage for the future generation. For more information on Enterprise Asia, please visit: https://www.enterpriseasia.org/.

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 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 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 3.6 million registered consumers and over 650,000 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; VLeisure, Vietnam’s leading provider of hotel management and payment solutions; Gorilla Global, a Singapore-based, mobile network operator; Leflair.com, Vietnam’s leading lifestyle e-commerce platform; and NextGen Retail, a Indonesia-based e-commerce platform.

Cautionary Note Concerning Forward-Looking Statements

Media Contacts:
Rokas Sidlauskas
Chief Marketing Officer
rokas@thesocietypass.com

Verofax wins GITEX Supernova Web3 & Blockchain Award 2023

DUBAI, Nov 1, 2023 – (ACN Newswire) – Verofax, an innovator in Brand & Retail solutions, was selected among 521 startups globally as the best solution offering for Web3 & Blockchain, at the GITEX 2023 Expo, Supernova Challenge in Dubai.

Verofax, a UAE-based startup and service provider for turning shopping & products interactive, has emerged as the winner of the 2023 Supernova Challenge at Expand North Star Dubai, the world’s largest startup event. The startup received the prize after rounds of pitching against global finalists.

Verofax’s groundbreaking solution combines interactive Product IDs with cutting-edge product recognition, enabled by advanced computer vision. This innovation has empowered consumers to:

Discover & Validate: Check before you buy product properties, ensuring complete transparency in terms of price, quality, and sustainability.
Engage Intimately: Through augmented reality, experience custom interactions that redefine brand loyalty.
Reap Rewards: Earn meticulously curated, personalized discounts anchored in individual purchase histories and preferences.

Verofax is on a mission to strengthen the bond between consumers and brands. This direct connection, established at the moment of purchase, accentuates trust and fosters unprecedented loyalty.

Wassim Merheby, CEO of Verofax, conveyed his gratitude, “We are profoundly honored by this recognition from the GITEX committee. It further fuels our mission – ‘Never trust, always verofax.’ As we look to the future, our resolve is only strengthened to bring forth innovations that redefine the consumer landscape.”

The Supernova Challenge is the biggest pitch competition in the Middle East, Africa and South Asia . The challenge is a key feature of Expand North Star Dubai, which hosted its biggest edition this year. It attracted over 1800+ startups from over 100 countries to explore the emerging opportunities in Dubai’s dynamic, diverse and tech-driven digital economy.

One of the judges at Supernova, Sharif El-Badawi, CEO of Dubai Future District Fund, commented, “The pitches we witnessed here at the Supernova Challenge are brimming with promise, unique innovations, and inspiring ideas.”

The Supernova Challenge Pitch Competition, a highlight of GITEX Global, in partnership with the Dubai Future District Fund, is the largest pitch competition in the Middle East, Africa, and South Asia. Startups vie for top honors in a range of categories, aspiring to become the next unicorn in the tech world.

Overall, thirteen category winners representing the USA, India, UAE, South Korea, France, UK, Nigeria, Switzerland, China and Bangladesh took home prize money:

Blockchain and Web3 Disruptor: Verofax from the UAE, a platform enabling real-time immersive shopper experiences instore and product quality validation.

Sustainability and ESG Disruptor: Zenerate from the USA, a platform providing AI-powered feasibility solutions for real estate development.

AI Disruptor: Knorish, a platform that enables hobbyists, professionals and niche experts to build, launch, market and sell online courses powered by their own knowledge and as an extension of their own brand.

Fintech and E-commerce Disruptor: Appro Technologies from the UAE, a digital platform simplifying retail banking onboarding.

Mobility and Smart Cities Disruptor: Innocel from France, a company providing clean energy solutions for a net zero future.

Healthtech and Wellness Disruptor: Skia from Korea, a digital surgery guide solution using augmented reality (AR) technology.

Martech Disruptor: Smartzer from the UK is a SaaS platform brands use to make live streams and videos interactive and shoppable to drive sales.

Female Founder Award: Matis from Switzerland, a platform empowering art market stakeholders with accessible and quantifiable tools for art authentication.

Africa Fast Award: Gifty from Nigeria, an app that helps people easily share gift lists with family and friends and avoid duplicating purchases.

Asia Fast Award: Urtopia from China, a company dedicated to revolutionizing urban transportation with its smart, sleek, and stealthy e-bikes.

India Fast Award: EyeROV from India, a marine robotics company providing underwater ROVs (remotely operated vehicles) to various industries.

Insurtech Disruptor: InsureCow from Bangladesh, a platform offering a 360° technology-powered cattle insurance and wellbeing monitoring solution.

MENA Award: Jalebi.io from the UAE is the world’s first restaurant operating system that helps restaurants save 5% on the cost of every order served.

The Supernova Challenge featured 40 finalist startups selected from the Expand North Star global roadshow, a series of international pitch competitions held by the Dubai World Trade Centre and DCDE to attract startups to Dubai and foster collaborations with digital ecosystems in various countries.

Expand North Star hosted by Dubai Chamber of Digital Economy (DCDE) is the powerhouse startup show of GITEX Global, organized by the Dubai World Trade Centre (DWTC) concluded this week marking its largest-ever edition at its new Dubai Harbour venue.

About Verofax

Verofax is a blockchain-enabled Brand and Retail solution provider with a presence across North America, Europe, Asia and MEA regions. Verofax’ solution is available across multiple cloud environments, helping Brands and retailers turn products connected for meaningful engagements with customers in store.

For technical matters, visit Verofax at https://www.verofax.com or contact info@verofax.com.

Lead Investor Steven Freidmutter Joins IQPay’s Advisory Board

JOHANNESBURG, SOUTH AFRICA, Oct 31, 2023 – (ACN Newswire) – IQPay an innovative force in the fintech landscape, is elated to announce that Steven Freidmutter has officially joined its advisory board. Adding to this significant appointment, Freidmutter is also stepping in as the lead investor for IQPay, marking a milestone in the company’s journey.

Steven Freidmutter brings to IQPay an impressive track record of experience, presence and credibility. Freidmutter’s journey continues to defy conventions. His recent appointment as a partner and founding advisory board member of the Boston-based VC fund Erez Capital is a testament to his unwavering dedication to innovation and progress. With a resume that includes affiliations with renowned entities such as Entrepreneurship Village in Nigeria and notable African startups like AmpGlobal, Shiprazor, and BoxCommerce. Freidmutter’s expertise is nothing short of monumental. As an LP of Launch Africa Ventures, his investment footprint extends to over 120 startups across more than 25 African countries. Steven’s passionate involvement in the continent further extends to sports with his partnership with the Cape Town Tigers, a South African professional basketball team.

His zest for life and commitment to projects bigger than himself have rendered this phase of his career to be the most prolific. Describing his journey, Freidmutter states, “While I battle daily with staying alive, somehow this has been my most prolific chapter… Having projects bigger than myself has kept me engaged and optimistic.”

IQPay recognizes the gravity of this partnership. Steven commitment to invest in Africa, his support for women-led initiatives align with IQPay’s mission and vision.

“We’re thrilled to have Steven join our team. His insights and guidance have already proven invaluable, and we anticipate a fruitful collaboration ahead,” said Michelle Ruiz, CEO of IQPay. “Steven’s extensive expertise and experience will enhance IQPay’s offerings, and we’re confident that this partnership will significantly amplify our efforts to scale and cement our value in the global payment landscape.”

About IQPay

IQPay is a cutting edge facial recognition payment system and is incorporated in the USA and South Africa and was founded in 2022 by Michelle Ruiz (CEO) and Yannick Ruiz (CTO) with the mission to empower consumers and businesses by transforming the landscape of digital transactions with their state-of-the-art technology.

For more information contact visit www.iqpay.co.za or contact info@iqpay.co.za.

Society Pass Inc (Nasdaq: SOPA) / Thoughtful Media Group Inc Ventures into Concert Sponsoring in Indonesia; Developing an Innovative Revenue Stream and Creating Unique Marketing Opportunities for Advertisers

JAKARTA, Oct 24, 2023 – (ACN Newswire) – Thoughtful Media Group Inc (“Thoughtful Media” or “TMG”), the Thailand-based social commerce-focused, premium digital advertising network of Society Pass Incorporated (“SoPa”) (Nasdaq: SOPA), Southeast Asia’s (SEA) next generation, data-driven, loyalty, fintech and e-commerce ecosystem, today announces that it will commence sponsoring local live music events in SEA, resulting in creating unique marketing opportunities for advertisers.

Expected to launch its first concert in 4Q 2023 in Jakarta, Indonesia, TMG-sponsored concerts will focus on the local musicians with a tag line of “Lemburan”, which translates as “over-time”, aiming to create a distinctive space and time for music fans to gather and to enjoy the nostalgia of their favourite musicians. Streaming these concerts via TMG-affiliated social media channels, advertisers have the opportunity to collaborate with TMG-connected influencers in promoting these popular music events and reaching to their desired audiences.

Ilhamka Nizam, TMG Indonesia Country Head, explains, “Indonesians love music, and it comes as no surprise that TMG found an innovative way to tap into that expanding market segment. Across these live events, TMG aims to reach over 2.5 million over the course of the next year which will create significant sponsorship opportunities for advertisers and our 10,000-member influencer community here in Indonesia. We are planning to host 1 concert each month and is projected to earn $680K annually, and each year we are planning to host 1 big festival that is outside the monthly concerts we will be hosting. I am confident that over 2024, the Group will expand these initiatives across the rest of the TMG markets in Southeast Asia, significantly increasing the revenues for the Group”.

About Thoughtful Media Group Inc.

Founded in 2010, Thoughtful Media Group is the leading digital advertising platform in SEA. Through our network of more than 10,000 talented creators across multiple industries in Thailand, Vietnam, Indonesia and Philippines, we help brands maximise marketing budgets and achieve business objectives through some of the most innovative marketing campaigns in the region.

In July 2022, Society Pass (Nasdaq: SOPA), the next generation acquisition-focused fintech and e-commerce ecosystem in SEA, acquired TMG. Since then, TMG has fully evolved into a digital-first and fully integrated advertising powerhouse, servicing creators and advertisers in SEA.

For more information on TMG, please visit:
Website at www.thoughtfulmedia.com or
LinkedIn at https://www.linkedin.com/company/thoughtful-media-group-inc or
Instagram at https://www.instagram.com/thoughtfulmedia/ or
Facebook at https://www.facebook.com/thoughtfulmediaasia or
Twitter at https://twitter.com/ThoughtfulMedia.

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 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 3.6 million registered consumers and over 650,000 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; VLeisure, Vietnam’s leading provider of hotel management and payment solutions; Gorilla Global, a Singapore-based, mobile network operator; Leflair.com, Vietnam’s leading lifestyle e-commerce platform; and NextGen Retail, a Indonesia-based e-commerce platform.

Cautionary Note Concerning Forward-Looking Statements

Media Contacts:
Rokas Sidlauskas
Chief Marketing Officer
rokas@thesocietypass.com

Survival of the fintech – WFIS to unveil Indonesia’s market leaders

JAKARTA, Oct 23, 2023 – (ACN Newswire) – While the stakes are soaring high, fintech companies in Indonesia are vying to get on top and dominate the FSI market. With the World Financial Innovation Series (WFIS) scheduled for 24 – 25 October 2023, fintech buyers are coming in the hundreds to the country’s foremost FSI event and take back the best solutions for their firms. Furthermore, the platform will also be powering an Awards & Gala Dinner to reward and celebrate the best of FSI on 25 October from 5 pm to 9 pm.

Jakarta’s most iconic 5-star hotel, The Ritz-Carlton Jakarta, Pacific Place has been chosen as the venue for the 2-day event. As a long-standing annual platform, WFIS over the years has emerged as the home turf for Indonesia’s leading fintech companies to demonstrate their thought leadership and cutting-edge solutions. The reputation for hosting the strongest buyers from the region is the primary reason that entices the fintech companies to participate at WFIS. From the Heads of Cards, Payments, Retail Bankings to CIOs, CTOs, CISOs, and almost the entire band of key decision makers, the platform is a favourite amongst all.

Debuting this year with their stellar solutions at the exhibition arena and a keynote session during the conference, the industry giant IBM is leaving no stone unturned for a massive display of their expertise. Meanwhile, Roy Kosasih, President Director of IBM Indonesia, expressed his views, “The market of generative AI in finance is projected to reach $9.5 billion globally by 2032. Organizations today, especially in financial services, are under immense pressure to act now or risk falling behind AI-augmented competitors. To fully realize the potential of AI, the technology must, however, be built on a foundation of trust and transparency.”

“IBM Indonesia is working with banks and financial institutions to help them derive the full benefit of AI in increasing efficiency, automating processes, and improving customer experience. With ethical AI governance in place, we ensure Indonesia organizations will stay competitive in the digital era while meeting regulatory requirements”, he added.

To orchestrate the most advanced, next-gen fintech show, WFIS will be packed with the most influential line-up of organisations including IBM, Newgen, 8×8, Ab Initio Software, Credit Bureau Indonesia, Perfios Software Solution, Provenir, iProov, BUSINESSNEXT, OpenText™ AI Cloud, Effiya Technologies, Infosys Finacle, OutSystems, Perkasa, FEITIAN Technologies Co., Ltd., IntellectAI, Reward360, PowerCred, Veefin Solutions, AI Rudder, Eranyacloud, Synnex Metrodata Indonesia, Trejhara, Temenos, Systems and Sumsub.

Looking at the grandiosity of the event, Indonesia’s very own regulatory body for the financial services sector, Otoritas Jasa Keuangan (OJK) will be sharing crucial FSI wisdom through its Department Head of the Financial Sector Technology Innovation, Digital Assets and Crypto Assets Regulation and Licensing, Asep Iskandar. While stating his vision behind participating at the platform, Asep Iskandar said, “In the pursuit of ensuring integrity of digital financial service that is continue to be evolving through various financial innovations, OJK aims to fortify and enhance Digital Trust within the country’s financial ecosystem to promote consumer safety and confidence as well as financial stability.”

The platform’s buzz has gone so far and wide that the upcoming edition has even garnered the support from Indonesian Bankers Club and Center for Indonesian Policy Studies which have brought more recognition and better participation for the same.

Another very population attraction of the event has been its curated agenda that has inspired many FSI professionals over the years and successfully brought to limelight some of the most topical and intriguing industry topics. Some of topics from the upcoming edition include, ‘Digital and AI-Driven Innovations and Disruptions in Banking’, ‘Empowering FSI with Cloud’, ‘Big Data Beyond the Hype’, ‘Unlock the Power of Hyperautomation’, ‘Elevating CX and Security in Digital Banking’, ‘Streamlining Legacy System in Banking’ and many others.

For more information about the event, log on to: https://indonesia.worldfis.com/

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Media contact:
Shrinkhal Sharad
PR & Communication Lead
shrinkhals@tradepassglobal.com
+ (91) 80 6166 4401
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