Tag: PE

Society Pass Inc’s (Nasdaq: SOPA) Travel Subsidiary, NusaTrip Inc, Acquires IATA-licensed Vietnam International Travel and Service JSC; Acquisition Adds Approximately US$2 million in GMV to NusaTrip Revenue Base

● NusaTrip Inc acquires first IATA-licensed travel agency out of Indonesia; creates beginnings of regional online travel platform in SEA

● The acquisition of Vietnam International Travel and Service JSC onboards approximately US$2 million of in GMV to NusaTrip Revenue Base

Jakarta, July 20, 2023 – (ACN Newswire) – NusaTrip Inc (“NusaTrip”), the online retail arm 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 has acquired Vietnam International Travel and Service JSC (“VIT”), a IATA-licensed, full-service travel agency focused on marketing to the Vietnam inbound and outbound segments.

NusaTrip previously acquired VLeisure, Vietnam’s leading provider of hotel management and payment solutions, in April 2023. Patrick Soetanto, NusaTrip CEO, comments on the acquisition, “VIT is the first IATA-licensed travel acquisition we have made outside of Indonesia. Our business plan calls for acquisitions of other IATA-licensed travel agencies throughout Asia Pacific in 2023, including Philippines, Thailand, Singapore, Malaysia, Hong Kong, China, India and UAE, as we position NusaTrip to be the premier travel hub in SEA. According to Phocuswright, gross bookings in SEA by 2025 will reach 94% of the record 2019 level and digital transformation will accelerate rapidly across SEA, with online bookings more than doubling between 2022 and 2025. Effectively, the region has reverted back to pre-pandemic levels. We are growing NusaTrip at the opportune time.”

Founded in Vietnam since 2016, VIT operates inbound and outbound ticketing businesses targeted at corporate and travel tour segments. Nguyen Ngoc Minh, Founder and Managing Director of VIT, explains his rationale for selling to NusaTrip, “SoPa and NusaTrip are known leaders in the SEA and Vietnamese e-commerce and travel sectors. I am proud to sell VIT to NusaTrip as I know NusaTrip will greatly expand VIT’s business here in Vietnam. I wish both SoPa and NusaTrip the best luck going forward.”

Le Phan, NusaTrip Managing Director and VLeisure Founder, adds, “I am especially excited about this acquisition as it will only add to the breadth and depth of NusaTrip and VLeisure’s product offering in Vietnam. Statista projects the Vietnam travel market to reach US$3.0 billion in 2023. Total market size is expected to reach US$4.2 billion by 2027, reflecting an annual growth rate of 8.8%. We intend to leverage VIT’s strong presence in the corporate and tour markets here in Vietnam to drive strong revenue growth for NusaTrip in 2023.”

The Vietnam economy is the 5th largest in SEA and 34th largest in the world with a 2023 nominal gross domestic product of US$449 billion. The World Bank forecasts Vietnam’s economy to grow by 6.3 percent and 6.4% in 2023 and 2024, respectively, after a robust 8 percent in 2022.

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 3.3 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 Pushkart.ph, a popular grocery delivery company in Philippines.

For more information on Society Pass, please visit:

Website at https://www.thesocietypass.com or

LinkedIn at https://www.linkedin.com/company/societypass or

Facebook at https://www.facebook.com/thesocietypass or

Twitter at https://twitter.com/society_pass or

Instagram at https://www.instagram.com/societypass/.

Cautionary Note Concerning Forward-Looking Statements

This press release may include “forward-looking statements,” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as “anticipate”, “believe”, “estimate”, “expect”, “intend” and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company’s filings with the SEC as well as anticipated sales growth in Indonesia and the growth of the Indonesian economy. 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:

Rokas Sidlauskas

Chief Marketing Officer

rokas@thesocietypass.com



Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

One More IPO of Legend Capital: Medical Device Supply Chain Service Provider GKHT Medical Goes Public Successfully

HONG KONG, Jul 14, 2023 – (ACN Newswire) – On July 12, Legend Capital's portfolio company, GKHT Medical Technology Co., Ltd. ("GKHT Medical"; Stock Code: 301370.SZ), was successfully listed on the ChiNext Market of the Shenzhen Stock Exchange.

GKHT Medical is a leading comprehensive digital supply chain service provider for medical devices in China. Focusing on the field of medical devices, the company specializes in providing customized supply chain solutions to manufacturing enterprises, distributors/dealers, and medical institutions based on its entire supply chain service-covered platform for every medical device product from original manufacturers to operating rooms.

Starting with high-value medical consumables, GKHT Medical has innovatively created a brand-new business model of the "one-stop distribution platform + hospital-end service platform", enabling the company to provide the industry with comprehensive digital supply chain services from original manufacturers to operating rooms through intensively integrating key elements such as funds, warehousing, logistics, and circulation process information.

As one of the company's earliest investors, Legend Capital participated in GKHT Medical's fundraising rounds in 2016 and 2019 and has kept helping enhance the company's management and operational capabilities and connect upstream and downstream customer resources since the investments. Over the seven years of investment cooperation, GKHT Medical's revenue has increased by more than 600%, and it has grown into a tier-one company in the field of high-value consumables for medical devices.

Joe ZHOU, Managing Director of Legend Capital, said: "GKHT Medical has an aspiring and dedicated team whose members have extensive experience in business operations and marketing and jointly drive pragmatic progress through the bonding of each other's talents. The high-value medical consumables market in China is worth over RMB100 billion, but most supply chain links, such as distribution, are still dominated by traditional agency models. The market is still open to be explored by disruptive innovators, and we believe that GKHT Medical will stand out in the future and continue to support innovation in the field of medical devices."

"It is believed that the listing will help GKHT Medical to further strengthen its cooperation with upstream and downstream partners, expand the coverage of its direct sales business to more terminal medical institutions, enhance operational funding, and improve its information systems and logistics warehousing system. With improved comprehensive service support capabilities and risk control capabilities, the company is well prepared to meet the changing needs of customers in different markets. At the same time, by deepening the links between the upstream and downstream of the industrial chain and expanding the supply chain business, GKHT Medical is capable of providing customers with digital supply chain services covering high-value consumables, low-value consumables, IVD, and equipment in the medical devices field. The company has established a channel of "manufacturers-GKHT Medical-hospitals" to continuously strengthen its core competitiveness as a comprehensive digital supply chain service provider for medical devices." Joe Zhou added.

At present, GKHT Medical has provided professional services for more than 100 leading original manufacturers of medical devices and more than 4,000 hospitals worldwide, and it has achieved high-quality and scale development with the capability of delivering to more than 80% of Chinese tertiary hospitals within 2 hours.

Legend Capital has long been paying attention to the investment in the field of medical devices and diagnostics with a focus on three major themes: first, major diseases, especially the unmet clinical needs of chronic diseases; second, the first and uniqueness in technology, which enables a company to become or have the potential to become a leading player in subdivided industries; the third is the "device +" investment opportunities brought by the integration of medical devices and interdisciplinary technologies such as AI, IoT and Big Data. At present, Legend Capital has invested in numerous leading companies in the subdivided industries, including GKHT Medical (301370.SZ), Careray Digital Medical Technology (688607.SH), Axonics (AXNX), New Horizon Health (06606.HK), Wuhan Easy Diagnosis Biomedicine (002932.SZ), Berry Genomics (000710.SZ), Aohua Photoelectricity Endoscope (688212.SH), Chemclin Diagnostics (688468.SH), Bio-heart Biological (02185.HK), STAR Sports Medicine, ET Healthcare, Hailai Xinchuang Medical Technology, and Dearer Medical.

Legend Capital has been actively investing in the healthcare industry since 2007 and has built a distinctive and valuable healthcare ecosystem. The company has created a powerful investment base on the strength of many pillar enterprises it invested in multiple subdivided healthcare industries. In response to changes in the external environment, Legend Capital has proposed a new "healthcare ecosystem +" strategy aiming at the new development pattern of the healthcare industry. By taking capital as the link and focusing on "innovation" and "ecosystems", Legend Capital intends to build a more extensive ecosystem that connects resources from various sectors, including the industry, academia, and society, to accelerate the transformation of R&D results, promote industrial upgrading, and achieve high-quality development.

About Legend Capital

Founded in 2001, Legend Capital is a leading VC&PE investor focusing on the early-stage and growth-stage opportunities in China, with offices across Beijing, Shanghai, Shenzhen, Hong Kong, and Seoul, Korea.

It currently manages USD and RMB funds of over US$10 billion in commitments, and has invested in around 600 companies, covering technology, healthcare, consumer, enterprise service and intelligent manufacturing sectors. Rooted in China, Legend Capital participated in the rise of many world-leading companies by solid investment coverage and systematic post-investment value-add. Over the years, Legend Capital has also become a widely recognized name in bridging key resources in China and overseas through cross-border activities, and a valuable partner to Chinese and overseas investors.

Legend Capital values long-term sustainable investment and incorporates ESG into its long-term development strategy. As a UNPRI signatory since November 2019, Legend Capital is among the first group of top VC/PE firms in China to join the initiative.

For more information, please visit www.legendcapital.com.cn/index_en.aspx and follow us on LinkedIn @Legend Capital ( https://www.linkedin.com/company/legend-capital ).


Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Ascendiant Capital Markets: Initiation of Research Coverage for Society Pass Inc (Nasdaq: SOPA) – US$ Billion Market Potential Due to Fast Growing Online Platform in Attractive Southeast Asia Markets

New York, July 12, 2023 – (ACN Newswire) – Ascendiant Capital Markets LLC (“Ascendiant“) initiates equity research coverage on Society Pass Inc. (Nasdaq: SOPA) (“SoPa” or the “Company“).

Click Here (on Society Pass website) or Here (on Ascendiant Capital Markets website) to view the full Ascendiant Capital Markets Equity Research Report.

Summary Points:

• Initiation of research coverage: SOPA is building the next generation, data-driven, fintech, and e-commerce digital platform in Southeast Asia (“SEA“). Ascendiant initiates coverage of SOPA with a BUY rating and a 12-month price target of $3.50.

• US$ billion market potential: Ascendiant believes growth prospects drive approximate billion dollars market potential.

• Loyalty platform: SOPA’s ecosystem of technology-enabled companies synergistically work together to transform how consumers and merchants interact with one another through generation of customer loyalty, ease of transaction, and revenues for merchants. As more merchants and consumers in SEA register on SOPA platform, more transaction data is generated, and thus presenting more opportunities for creating loyalty from consumers to merchants.

• Lifestyle platform: “Leflair” branded online lifestyle platform in Vietnam enables consumers to purchase high-end brands in many categories. Using SOPA’s smart search engine, consumers search or review their favorite brands among hundreds of choices in various categories, including Apparel, Bag & Shoes, Accessories, Health & Beauty, Home, Women, Men and Kids & Babies categories.

• Digital advertising platform: Thoughtful Media Group’s (“TMG“) global multi-platform network has executed tens of millions of dollars in advertiser branded content.

• Travel platform: Indonesia based NusaTrip is a leading SEA OTA (online travel agent), having connected 80+ million unique visitors directly to 500+ airlines and 200,000 hotels around the world.

• Market opportunities: Ascendiant believes that continued strong economic expansion, robust population growth, rising level of urbanization, emergence of the middle class, and increasing rate of adoption of mobile technology provide large and fast growing market opportunities for SOPA.

• Revenue growth strong: Ascendiant has modeled high revenue growth in 2023 (+114%) and 2024 (+99%) and thereafter to scale up significantly which should drive improved margins and profitability.

• Major acquisition: SOPA’s recent acquisition (announced on 07 July 2023 and expected to close by September 2023) of 95% of PT Inetindo Info will significantly contribute to SOPA results going forward due to Inetindo’s annual revenue of approximately US$30 million.

• Current valuation attractive: Ascendiant calculates a 12-month price target for shares of Society Pass to be $3.50 based on a NPV analysis, representing significant upside from the current share price.

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 3.3 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 Pushkart.ph, a popular grocery delivery company in Philippines.

For more information on Society Pass, please visit:
Website at https://www.thesocietypass.com or
LinkedIn at https://www.linkedin.com/company/societypass or
Facebook at https://www.facebook.com/thesocietypass or
Twitter at https://twitter.com/society_pass or
Instagram at https://www.instagram.com/societypass/.

Cautionary Note Concerning Forward-Looking Statements

This press release may include “forward-looking statements,” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as “anticipate”, “believe”, “estimate”, “expect”, “intend” and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company’s filings with the SEC. All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus relating to the Company’s initial public offering filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

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



Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Society Pass Inc (Nasdaq: SOPA) Subsidiary, NextGen Retail Inc, to Acquire Indonesia’s PT Inetindo Infocom to Create an Online and Offline Electronics and Gaming Retailer in the World’s 4th Most Populous Economy; Acquisition Onboards Approximately US$30 million to Society Pass Revenue Base

● NextGen Retail Inc (formerly known as Leflair Inc) ventures out of Vietnam and enters the Indonesian market for the first time; creates online and offline retailer in SEA

● PT Inetindo Infocom acquisition onboards approximately US$30 million of annual revenues to Society Pass Inc. as well as substantial customer base for Society Pass’s Loyalty App

Singapore, July 7, 2023 – (ACN Newswire) – NextGen Retail Inc (“NextGen Retail”), the online retail arm 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 has entered into an agreement to acquire 95% of PT Inetindo Info (“Inetindo”), a wholly subsidiary of Story-I Limited (“Story-I”) (ASX: SRY). Inetindo is a leading Indonesia-based Apple Premium Reseller and Authorised Education Partner as well as an electronic gaming retailer for several different gaming companies.

Click Here (on Securities and Exchange Commission website) to view Form 8-K filing.

Subject to Australian Stock Exchange (“ASX”) and Story-I shareholder approvals, anticipated by September 2023, NextGen Retail, formerly known as Leflair Inc, will complete its first acquisition outside of Vietnam in the large and fast growing Indonesian market. Through cross-selling synergies, the Inetindo acquisition will accelerate the growth of SoPa’s other Indonesian businesses, including NusaTrip Inc and Thoughtful Media Inc.

NextGen Retail acquires Inetindo with its physical and intangible assets in an all-cash transaction valued at AUD 2.78 million equal to approximately US$1.85 million based on current exchange rates. Operating in Indonesia since 2010, Inetindo employs approximately 300 employees and operates 26 “Story-I” branded Apple stores in 9 cities across Indonesia. As an Apple Authorised Education Partner and Apple Authorised Service Provider, respectively, Inetindo sells Apple devices and solutions to leading international schools and tertiary institutions and repairs Apple products at its service centres.

With the easing of COVID restrictions in March 2022, Indonesia’s fast growing middle class and soaring digital adoption have fueled a rebound in online and offline retail traffic back to pre-pandemic levels. Inetindo’s financial performance has responded accordingly. Unaudited 1H FY23 (July to December 2022) revenues totaled AUD 20.9 million (US$13.9 million) compared to 1H FY22 revenues of AUD16.3 million, representing an increase of 28% year-on-year. Similarly, unaudited 1H FY23 gross profit of AUD 2.9 millon (US$1.9 million) grew 16% from 1H FY22 gross profit of AUD 2.5 million (US$1.6 million). As of 31 December 2022, Story-I’s assets totaled AUD 25.44 million (US$16.7 million).

Overall FY 2022 (July 2021 to June 2022) revenues and gross profit totaled AUD 42.4 million and AUD 6.0 million, representing increases of 1.2% and 0.7% over the prior corresponding period, respectively.

Michael Chan, Founder and Executive Director of Story-I, comments, “Society Pass’s acquisition of Inetindo and the Story-I brand creates a win-win-win transaction for all parties involved. First, our shareholders win as the acquisition consideration represents a 15% premium to Story-I’s market capitalisation over the past 45 trading days and allows Story-I to continue under a new name. Second, Inetindo’s partners and employees win as Society Pass is well capitalised to quickly expand Inetindo’s retailing and maintenance businesses throughout Indonesia. I wish Society Pass and NextGen Retail the best of luck as they take over a strong brand in Indonesia. Although we exit the Indonesia electronics retailing business, we are excited about both Story-I’s and Inetindo’s future prospects.”

The Indonesian economy is the largest in SEA and the 16th largest in the world with a 2023 nominal gross domestic product of US$1.39 trillon. OECD forecasts Indonesia’s real GDP growth to be 4.7% in 2023 and 5.1% in 2024. EcommerceDB estimates the Indonesian Electronics & Media eCommerce market to reach US$13.8 billion by 2023 and to increase to US$18.0 billion by 2027, reflecting a compound annual growth rate of 6.9%.

Loic Gautier, CEO of NextGen Retail Inc, explains the acquisition’s rationale, “The Story-I acquisition is the natural evolution of our Leflair Vietnam business. As we venture out of Vietnam and into the rest of SEA, we will transform how customers access the world’s most desirable brands through our integrated omni-channel, online-to-offline retail platform. NextGen Retail’s mission is the following:

● provide brands with a one-stop distribution solution to access consumers across SEA;

● integrate all sales channels for maximum brand awareness and sales performance;

● provide Asian consumers with access to the world’s best brands;

● serve our customers anywhere and provide them with personalized shopping experience;

● deliver best-in-class customer experience.”

The acquisition is subject to customary closing conditions and completion of ASX regulatory review and Story-I’s shareholder approvals. The deal is anticipated to close by September 2023 and is expected to be accretive to SoPa’s non-GAAP earnings per share upon close.

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 3.3 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 Pushkart.ph, a popular grocery delivery company in Philippines.

For more information on Society Pass, please visit:

Website at https://www.thesocietypass.com or

LinkedIn at https://www.linkedin.com/company/societypass or

Facebook at https://www.facebook.com/thesocietypass or

Twitter at https://twitter.com/society_pass or

Instagram at https://www.instagram.com/societypass/.

Cautionary Note Concerning Forward-Looking Statements

This press release may include “forward-looking statements,” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as “anticipate”, “believe”, “estimate”, “expect”, “intend” and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company’s filings with the SEC as well as anticipated sales growth in Indonesia and the growth of the Indonesian economy. 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:
Rokas Sidlauskas
Chief Marketing Officer
rokas@thesocietypass.com



Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

PrimePartners Group forges a strategic alliance with leading UK independent corporate advisory firm Strand Hanson to strengthen global connectivity

SINGAPORE, Jul 6, 2023 – (ACN Newswire) – PrimePartners Group ("PrimePartners" or "PPG"), one of Singapore's leading investment banking advisory firms has entered into a strategic alliance with Strand Hanson, a London-based corporate advisory firm to explore areas of new listings and capital market transactions.

Strand Hanson has an extensive geographical footprint, particularly in emerging markets such as Africa, Southeast Asia, South America, and the Middle East. Similarly, PrimePartners also services a global client base, with an emphasis on the Southeast Asia region and Greater China.
Both parties are set to leverage one another's business connections to strengthen their respective cross-regional presence. This partnership will create a combined pool of diverse clients, which is expected to leverage a host of new opportunities, particularly in the area of energy transition where a key to success is effectively linking the producers of critical raw materials which feature strongly in Strand Hanson's client base with end users.

On top of the enhanced connectivity, the collaboration also enables knowledge transfer, especially in regard to regulations, legislation, and culture between the two firms, which will improve service efficiency levels in mutual regions.

Mark Liew, Chief Executive Officer of PrimePartners said, "Our respective strengths and focus in different geographical regions will open doors to a wider universe of potential clients to both of us, especially pertaining to capital market deals with cross-border elements. The extensive reach that Strand Hanson has is an attractive proposition and we look forward to growing together with our new partner."

Simon Raggett, Chief Executive of Strand Hanson said, "Singapore offers a strong combination of regulatory oversight, access to world-class talent and a vibrant capital market from which to access some of the world's fastest-growing economies. We are delighted to have formed a partnership with PrimePartners, which shares our values and commitment to servicing our clients.

"Strand Hanson has been advising clients with a global reach via its established network of offices and partnerships and is excited at strengthening its regional presence via this new relationship."

About PrimePartners Group

PrimePartners Group (PPG) was founded in 1994 by the late Mr Ng Soo Peng, Mr Quek Peck Lim, Mr Teo Ek Tor and Mr Hsieh Fu Hua, former senior Morgan Grenfell executives.
PrimePartners Corporate Finance (PPCF) was formed by PPG in 2003. PPCF is focused on providing advisory and capital raising services for private and public-listed small and medium sized companies operating in Singapore and internationally. Headquartered in Singapore, PPCF provides a comprehensive range of public listing, financial advisory, capital raising, mergers and acquisitions and continuing sponsorship services. PPCF is one of the pioneer group of full sponsors licensed by the Singapore Exchange and is the leading continuing sponsor on the Catalist market.

About Strand Hanson

Established in 1993, Strand Hanson is a leading adviser to SMEs on London's public markets, with a focus on growth companies both in the UK and internationally.

Drawing on the executive team's considerable experience across a significant range of sectors, geographies and transaction types, Strand Hanson is focused on delivering bespoke, strategic and timely advice, recognising that the "one size fits all" model does not maximise value or deliverability.

Issued for and on behalf of PrimePartners Group
By Financial PR

For more information, please contact:
Kamal SAMUEL / Hong Ee TANG
E-mail: kamal@financialpr.com.sg / hongee@financialpr.com.sg
Tel: 6438 2990

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Apeiron Bioenergy Raises S$50 million through an Investment Grade Green Bond, the First Bioenergy-Focused SGD Bond Issuance in Asia

  • Guaranteed by Credit Guarantee & Investment Facility, a trust fund of the Asian Development Bank, the 5-year senior unsecured green bond has been rated AA by S&P Global Ratings.
  • The oversubscribed bond was marketed on a private placement basis and garnered strong interest from institutional and strategic investors including leading fund managers and government-linked entities.
  • The proceeds will be deployed for general working capital and capital expenditure to expand its network of used cooking oil collection points and treatment facilities.
  • Apeiron Bioenergy will capitalise on the growing number of global projects related to renewable diesel like sustainable aviation fuel, through its used cooking oil product, one of the cleanest waste-based feedstocks.

SINGAPORE, June 26, 2023 – (ACN Newswire) – Apeiron Bioenergy (“Apeiron“), a leading integrated global player in bioenergy, raised S$50 million on Friday, 23rd June 2023, through the landmark issuance of a 5-year senior unsecured green bond guaranteed by Credit Guarantee & Investment Facility, a trust fund of the Asian Development Bank (“CGIF“), and an ASEAN+3 initiative to develop local currency bond markets.

Rated AA by S&P Global Ratings, the privately placed bond was well-received by investors and was oversubscribed despite a challenging macro environment. The green bond was issued at par and bears a coupon rate of 4.487% with HSBC as the sole lead manager.

The proceeds will be applied towards capital expenditure and asset improvement for collection points and pre-treatment facilities of waste-based feedstocks like used cooking oil (“UCO“) in the Philippines, Thailand, and Vietnam. The remainder will be used for general working capital requirements. The utilisation of proceeds will be guided by Apeiron’s Green Finance Framework endorsed by Sustainalytics, demonstrating the company’s commitment to integrating environmental, social, and governance factors into its operations.

UCO, one of Apeiron’s primary products, is one of the cleanest waste-based feedstocks for biofuel production offering the highest greenhouse gas emissions savings. It is a major feedstock for renewable biodiesel products like sustainable aviation fuel (“SAF“). As the SAF market is expected to grow at a compound annual growth rate (“CAGR“) of 42% in the next decade, the availability of feedstock emerges as a crucial bottleneck. Leveraging Apeiron’s robust network of suppliers across Asia, where the collection of waste-based feedstocks remains relatively untapped, the company is well-positioned to serve as the hub for the mass consolidation of waste-based biofuel feedstocks in the region.

Chris Chen, Co-founder of Apeiron Bioenergy said, “We are delighted by the overwhelming response to our green bond issuance supported by CGIF, which demonstrates strong investor confidence and our shared mission with the Asian Development Bank. This will allow Apeiron to expand our operations and maintain our position as a leader in the bioenergy sector. Building upon our operational and financial track record, we are fully committed to reducing reliance on fossil fuels and accelerating the growth of green energy.”

Mr. Hongwei Wang, Chief Executive Officer of CGIF stated, “We are pleased to support Apeiron in its inaugural green bond issuance which will certainly benefit them in diversifying funding sources to support its sustainable growth. The transaction showcases our commitment in promoting debut issuers and green bond issuances in ASEAN+3 region. The successful issuance of this bond also demonstrates market participants’ confidence in CGIF and its guarantee product.”

Sean Henderson, Co-Head of Debt Capital Markets, Asia-Pacific at HSBC said, “We are pleased to have supported this landmark transaction for Apeiron, the first ever SGD bond issuance from the bioenergy industry in Asia. This transaction highlights our commitment to support growth-stage companies that can facilitate the transition to a carbon-sustainable economy through increasing the availability of low-carbon alternative biofuels. The strong reception by investors also affirms the markets’ support for companies that can deliver solutions for the new economy.”

About Apeiron Bioenergy

Founded in 2007, Apeiron Bioenergy is an integrated global player in bioenergy products, spanning from feedstocks to end- and by-products. Headquartered in Singapore, the company operates refineries and collection points across 10 countries.

For more information, visit www.apeironbioenergy.com.

For all media queries, please contact:
Kamal Samuel
Financial PR
T: 6438-2990
E: kamal@financialpr.com.sg



Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Erez Capital Announces the Addition of 40 Venture Partners and $10M Commitment

Virginia, USA, Jun 23, 2023 – (ACN Newswire) – Erez Capital, a emerging venture capital fund investing in disruptive technologies, is thrilled to announce its addition of 40 Venture Partners to join the fund. These new partners will play an important role in the quickly developing artificial intelligence ecosystem – specifically in the proptech, medtech and fintech sectors.



"This is an exciting new chapter for Erez Capital, creating a new collaborative model to drive rapid acceleration and growth for pre-seed and seed-stage technology startup companies." said Michael Benezra, Managing Partner.

As part of our commitment to pushing boundaries and driving transformation, Erez Capital has diligently sought out Venture Partners who share our vision and possess unique expertise in their respective fields. The addition of academic experts, research directors, private equity principals, venture capital partners, fund managers, CEO's, attorney's, investment bankers, startup founders, and experienced investors to our network significantly bolsters our capabilities, propelling us forward in achieving our ambitious goals.

VENTURE PARTNERS
– Omar Agely, Managing Partner Mandatory Ventures
– Garth Daniels, CEO Ensign Global Fund
– Kenneth Asher, CEO Kasher Capital
– Jonah Zahnd, Manager for Social Impact Investing Harvard Business School
– John Brice, Managing Partner Poseidon Capital Partners
– Lawrence Jen, Managing Partner Anderson Angels
– Andrew Cohen, VP YE Ventures
– Brandon Kortokrax, Venture Associate Moonshots Capital
– Pankaj Kedia, Managing Partner 2468 Ventures
– Jim Lewis, Managing Partner Freestone Group
– James Lubin, Partner Indigo Ventures
– Joe Mikhail, CEO YouVue
– Eric Mayo, Managing Partner Terra Incognita Capital
– Mohammed Nagda, Venture Partner, NexGen Venture Partners
– A.J. Noronha, Managing Partner, GX Ventures
– Mario Pazos, Managing Partner, Moana Capital
– Tyler Norkus, VP Ideanomics (NYSE:IDEX)
– Keena Pierre, Chief of Staff, Zane Venture Fund
– Brahm Pillai, Managing Partner Pillai Capital
– Deepak Ramanathan, Director of Capital Markets Regent L.P.
– Jeff Schell, CEO Prove
– Amari Smothers A.I and VC
– Dr. Aakash Saraiya, Physician Google Health
– Varun Sharat, Managing Partner Charybdis Capital Management
– Nick Sterlacci, Co-Founder OneDeal
– Tom Vollbrecht, Zion Bank
– Bryan Feinberg, CEO Zephyr Technology Ventures

Advisory Board
– Leonard Johnson, CEO Artificial Intelligence Economic Development Corp
– Dr. Cvic Innocent, CTO & Founder Estate Protocol
– Tim Ramdeed, Managing Partner Dharma Capital Partners
– Mike Berson, CEO Chainstarters
– Eugene Buff, EIR Northeastern University
– Steven Friedmutter, CEO SF Ventures

About Erez Capital

Erez Capital is a venture capital firm at the forefront of the AI and machine learning revolution. We are committed to accelerating innovation and breakthrough technologies. Through a collaborative approach to due-diligence, evaluation and venture investing – we aim to exit portfolio companies within 60 months.

Contact:
Noah Ente
Erez Capital
Noah@erezcapital.io

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Society Pass (Nasdaq: SOPA) to Formally Introduce Society Pass Loyalty App at Launch Party in Singapore on Wednesday, 28 June 2023

Singapore, 22 June 2023 – (ACN Newswire) – 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 formally introduce its universal loyalty application, Society Pass Loyalty Wallet, at a launch party to be held at Clifford Pier, 80 Collyer Quay, Singapore 049326 at 6 pm on Wednesday, 28 June 2023.

In unveiling its paradigm shifting SOPA Loyalty App to +100 invited investors, media, and the general public, SoPa management will showcase the SoPa Loyalty App’s ease of use and value proposition for both consumers and merchants to buy, earn and redeem loyalty points, Society Points. In particular, guests will witness SoPa Loyalty App seamless integration with Nusatrip.com, Indonesia’s oldest online travel agency, and Gorilla.Global, Society Pass’ travel telecoms company. By 4Q 2023, SoPa expects to connect of all of its subsidiaries within its ecosystem to the SOPA Loyalty App, enabling an unparalleled shopping experience for its 3.3 million registered consumers and 650,000 registered merchants.

Consumers and merchants can now download Society Pass either on:

With its vision of “building the next generation digital ecosystem and loyalty platform in SEA”, the SoPa loyalty platform generates the following benefits for merchants: creating permanent customer loyalty, replacing cash discounting, and generating additional revenue streams. Society Points means the more customers buy from merchants, the more rewards they will earn, and the more revenue generation for merchants. Sopa Loyalty platform encourages continuous consumer engagement with brands, thereby increasing conversions and revenues.

Society Pass/Society Points cover registered consumers and registered merchants in Vietnam, Indonesia, Philippines, Thailand, and Singapore. Users can pay for goods and services in-store, in-app or online. SoPa Loyalty Wallet allows users to pay for goods and services by scanning QR Codes and making payments via credit card, debit card, or Society Points.

Rokas Sidlauskas, Chief Marketing Officer of SoPa, elaborates, “We are beyond excited to finally introduce this much needed product to the market. As we celebrate this milestone, which is a result of years of hard work across multiple teams, we believe that this ground-breaking product will not only provide immediate value to our registered consumers and registered merchants, but also will drive a revolution of fintech and e-commerce innovation across the region.”

Howie Ng, Chief Technology Officer of SoPa, explains, “We designed a best-in-class user interface backed by fully integrated backend infrastructure to kickstart a virtuous cycle of revenue generation and loyalty creation. SoPa Loyalty App offers a wide range of options: gamification, badges, tiers, birthday surprises, and early access privileges. Our smooth registration process allows consumers to redeem points for coupons, refer friends and earn SOPA points, view wallet balance, change your settings, purchase SOPA points, store multiple credit cards, and settle purchases in real-time.”

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 3.3 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 Pushkart.ph, a popular grocery delivery company in Philippines.

For more information on Society Pass, please visit:
Website at https://www.thesocietypass.com or
LinkedIn at https://www.linkedin.com/company/societypass or
Facebook at https://www.facebook.com/thesocietypass or
Twitter at https://twitter.com/society_pass or
Instagram at https://www.instagram.com/societypass/.

Cautionary Note Concerning Forward-Looking Statements

This press release may include “forward-looking statements,” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as “anticipate”, “believe”, “estimate”, “expect”, “intend” and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company’s filings with the SEC. All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus relating to the Company’s initial public offering filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

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



Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Society Pass Inc (Nasdaq: SOPA)/Gorilla Global Releases Its Next Generation Mobile Telecoms App Targeted at Travelers in Southeast Asia

Singapore, 19 June 2023 – (ACN Newswire) – Gorilla Global (“Gorilla”), the mobile telecommunications arm of Society Pass Incorporated (“SoPa”) (Nasdaq: SOPA), Southeast Asia’s (SEA) next generation, data-driven, loyalty, fintech and e-commerce ecosystem, today announces the release of its next generation mobile telecoms app, offering a full suite of smart digital mobile communication solutions for travelers and working professionals in the SEA region.

Customers can now download Society Pass either on:

● Apple Store or

● Google Play.

With the motto of “STAY CONNECTED, GET REWARDED”, Gorilla works with over 500 mobile operators across 190 countries, providing affordable roaming mobile data to business travelers in the SEA region and around the world through its proprietary e-SIM product. Embedded in the user’s mobile phone as a virtual SIM card, which eliminates the need for a physical SIM card, e-SIM technology offers the convenience of managing multiple cellular providers on a single device for traveling abroad and even separate plans for personal and business purposes. And later in 2023, Gorilla will launch its revolutionary Switchback Rewards feature, which allows any unused mobile data and credit to be converted into SOPA Loyalty Points and redeemed for rewards and offers across the SOPA platform. With a virtual mobile number, Gorilla’s users access cost-effective data plans to enjoy a reliable internet connection worldwide. And through its tiered data plans, Gorilla’s customers enjoy global mobile internet and have full control over their data spending.

Asia Pacific currently has over 100 million business travelers, representing more than 30% of the world’s market. According to Amadeus, by 2025, corporate travel spending in Asia Pacific is forecast to double and account for half of the world’s total. Rokas Sidlauskas, Chief Marketing Officer of SoPa, elaborates, “Gorilla’s next-generation technology is targeted to the fast-growing business travel segment here in SEA. Our digital e-SIM product allows customers to buy data credit and to stay connected online with their mobile devices while traveling abroad. By 2H 2023, our suite of services will expand into local e-SIM provisions. Gorilla plans to offer a revolutionary Switchback Rewards feature, allowing any unused mobile data and credit to be converted into SOPA Loyalty Points and redeem them for awards across the ecosystem.”

Going forward, customers can access Gorilla’s services in the following manner:

Howie Ng, Chief Technology Officer of SoPa, explains Gorilla’s three main products:

1) Gorilla Local e-SIM enables users to acquire a temporary local phone number while traveling, make phone calls, receive SMS, OTPs and other data through conventional 4G/5G network. Features include:

●Local e-SIM product with full flexibility and control over required data and talk-time
●Comes with local number
●Switch unused data back to Gorilla Points with SwitchBack
●Available globally
●Strategic partnership with Society Pass

2) Gorilla Global Mobile App allows users to:

●Purchase & Activate Gorilla Global e-SIM Service
●Purchase, transfer and send data plans and mobile credit to business associates, family and friends
●SwitchBack unutilized data (later in 2023)
●Eliminate the need for multiple SIM cards when travelling
●Avoid high roaming charges
●Enjoy benefits of the next-generation telco solutions

3) Gorilla SwitchBack’s features are the following:

●Unused data can be converted to SOPA Points using SwitchBack
●Proprietary technology, new age solution
●Transforming digital consumable into a digital rewards
●SwitchBack, save and redeem points to enjoy thousands of rewards
●No Limits, No Caps

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 3.3 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 Pushkart.ph, a popular grocery delivery company in Philippines.

For more information on Society Pass, please visit:
Website at https://www.thesocietypass.com or
LinkedIn at https://www.linkedin.com/company/societypass or
Facebook at https://www.facebook.com/thesocietypass or
Twitter at https://twitter.com/society_pass or
Instagram at https://www.instagram.com/societypass/.

Cautionary Note Concerning Forward-Looking Statements

This press release may include “forward-looking statements,” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as “anticipate”, “believe”, “estimate”, “expect”, “intend” and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company’s filings with the SEC. All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus relating to the Company’s initial public offering filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

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



Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Singaporean Startup ONEVIEW Secures Seed Funding of S$4 Million, to Revolutionise Document Management and Bill Payment Industry in Southeast Asia

  • ADERA Global, Beyon Connect and Cumulo9 to invest S$4 million in Singapore-based startup, ONEVIEW
  • ONEVIEW is aligned with Singapore’s smart nation and digitization efforts, providing a simple, secure and convenient communication platform and helping to reduce paper waste, assisting Singapore to go green and support NEA’s sustainability efforts
  • ONEVIEW aims to bring convenience to users by allowing them to access all their important documents such as bills, statements, official documents, in one single secure, spam-free app
  • The seed funding will establish the startup and services in Singapore, acting as a test bed for the market and creating a benchmark for the Southeast Asia region
  • ONEVIEW will bring benefits to both consumers and document senders by offering cost savings, convenience, and greater visibility into transactions

Singapore, June 7, 2023 – (ACN Newswire) – Singapore-based start-up, OneView Pte Ltd (“ONEVIEW”), is pleased to announce that it has secured S$4 million in seed funding from ADERA Global, Beyon Connect, part of the Beyon Group, and Cumulo9 to introduce an innovative digital platform for secure communication of documents and facilitating value-added e-services.

Christian Rasmussen, CEO Beyon Connect, Marvin Tan, Executive Director ADERA Global, Chris Hogg, CEO Cumulo 9

ONEVIEW’s innovative platform aims to revolutionise bill payments by transforming the interaction between consumers and senders, thereby simplifying everyday digital communications with a more convenient, sustainable, and spam-free experience.

ONEVIEW plans to roll out digital post box and communication services by the end of the year in Singapore, enabling users to easily access their documents and communications from multiple billers and senders within a single app.

Using Singapore as a testbed for the Southeast Asian region, ONEVIEW aims to set the benchmark for innovative, eco-friendly digital solutions that improve people’s lives. By partnering with key players in the industry such as ADERA Global, Beyon Connect, and Cumulo9, ONEVIEW’s platform offers a comprehensive solution that meets the needs of both consumers and senders.

Lead Investors in the Seed Funding Round

ADERA Global, headquartered in Singapore, is a leader in data security and automation, serving global banks, financial institutions, telecommunications and government agencies around the world.

Beyon Connect, part of the Beyon group based in Bahrain, is a provider of new technologies with great innovation potential, Software-as-a-Service platforms, and advanced IT solutions for both the public and private sectors in the MENA region.

New Zealand-based Cumulo9 provides business services for the digital delivery of transactional documents, as well as CCM (Customer Communications) solutions throughout APAC.

Aligning with Singapore’s Smart Nation Vision and Accelerating Digitalisation

Singapore has set its sights on becoming a world-class, tech-driven city-state. The vision for a digital-first Singapore is one where a Digital Government, Digital Economy and Digital Society harness technology to effect transformation in health, transport, urban living, government services and businesses. The Singapore Government has made bold strides and steady progress in its digitalisation blueprint.

Aligned with this vision for a digital-first Singapore, ONEVIEW aims to enable effective and secure communications between government, agencies, business enterprises and individuals in Singapore. The platform is designed to simplify secure document transmission and encourage greater digitization of utilising embedded e-services to fulfill actions such as payments, document verification and other value-added services.

Utilising ONEVIEW’s digital postal solutions, customers can harness its technology for greater personalisation and convenience, making it intuitive for each individual user to view their digital postal communications, all at one glance.

Enhancing Sustainability and Simplifying Everyday Digital Communications

Green economic growth is an important part of Singapore’s national agenda on sustainable development, where the Singapore Green Plan 2030 aims to harness technology-driven solutions to “secure a green, liveable, and sustainable home for generations of Singaporeans.

ONEVIEW is committed to going green and minimizing paper waste, aligning with Singapore’s environmental initiatives. By providing documents such as digital billing statements and providing easy payment options, the joint venture aims to encourage more consumers to make the switch to paperless billing.

In Singapore, paper is one of the most common type of waste and in 2021, there was about 1.136 million tonnes of paper and cardboard waste generated.

With this digital postal solution, ONEVIEW will reduce the need for paper bills, thus reducing carbon footprint and promoting sustainability.

“Our mission is to revolutionize the way people pay and manage their important documents such as bills, while also helping Singapore achieve its vision of becoming a Smart Nation,” said LEE Kok How, CEO of ONEVIEW. “Our app is designed to simplify the process, save users time and hassle, and help them stay on top of their action items, such as payments, with ease. With the support of our investors, we are confident that our platform will set a new standard for digital bill payment services in the region, while contributing to Singapore’s vision of a Smart Nation.”

Christian Rasmussen, CEO of Beyon Connect said, “At Beyon Connect, our DNA is rooted in digital innovation and sustainability. We are thrilled to align with ADERA Global and Cumulo9, who share our passion for creating highly secure digital postboxes and communication platforms. Together, we will continue to revolutionize the way people communicate and connect via the ONEVIEW platform in the ASEAN region.”

Beyon Chief Digital Growth Officer – Shaikh Mohamed bin Khalifa Al Khalifa added, “We are extremely proud to see our digital postbox and communications innovations being used as the foundation for ONEVIEW, in a digitally mature society like Singapore. This marks a significant milestone for Beyon Connect and reinforces our commitment to driving digital transformation globally.”

Cumulo 9’s Chris Hogg added, “As a company that is committed to providing cutting-edge solutions that help businesses thrive in a digital age, we are pleased to support ONEVIEW in its mission to digitize bill payment management in Southeast Asia.”

“As a global leader in digital transformation, ADERA Global is excited to partner with ONEVIEW in their mission to revolutionize communications, document management and value-added services such as payments in Southeast Asia,” said ADERA Global’s Executive Director Marvin Tan. “We believe that ONEVIEW has the potential to set a benchmark in the region and transform the way people manage their bills and documents.”

For more information on ONEVIEW, please visit: https://oneview.sg/

Issued on behalf of ONEVIEW by 8PR Asia Pte Ltd.

Media Contact:
Mr. Alex TAN
Mobile: +65 9451 5252
Email: alex.tan@8prasia.com



Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com