Society Pass Inc Acquires Singapore-based Gorilla Networks

Jun 3, 2022 By MarketDepth

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Society Pass Incorporated (Nasdaq: SOPA) today announced that it has acquired Singapore-based Gorilla Networks Pte Ltd.

Travel Increasing Customer Base

Gorilla Networks, a leading next generation Web3-enabled MVNO, utilizes Web3 technology to operate a MVNO for its users in Southeast Asia. As the travel market rebounds post the pandemic, the company expects to dramatically increase its customer base by marketing to the region’s business and leisure travelers.

“We are excited to make our first acquisition in Singapore, and welcome Gorilla into our SoPa family. Gorilla’s technology platform aligns well with our acquisition strategy as we incorporate Gorilla’s blockchain and Web3 capabilities into the SoPa ecosystem and enable the new meta-economy for all our portfolio companies.”

Dennis Nguyen, Society Pass Founder, Chairman and Chief Executive Officer

Gorilla offers a full suite of mobile communication services such as local calls, international roaming, data, and SMS texting in over 160 countries and allows users to convert unused mobile data into digital assets or Gorilla GO Tokens through its proprietary blockchain-based SwitchBack feature. And through its acquisition of Gorilla, Society Pass seeks to tailor an unprecedented experience for the next generation customers in the purchase journey and to transform the entire retail value chain in Southeast Asia.