Society Pass rporated(US:SOPA) Globenewswire·2026-01-29 12:30Core Viewpoint - Society Pass Incorporated has made a US$1.8 million minority investment in Gorilla Networks, marking its entry into the rapidly growing eSIM market, which is projected to grow from US$11.2 billion in 2025 to US$25.0 billion by 2033 at a CAGR of 10.5% [1][2]. Company Overview - Society Pass is an acquisition-focused holding company founded in 2018, operating in the fast-growing markets of Southeast Asia, including Vietnam, Indonesia, Philippines, Singapore, and Thailand [6]. - The company operates four interconnected verticals: digital media, travel, lifestyle, and alternative intelligence [6]. Investment Details - The investment in Gorilla Networks establishes a strategic extension of Society Pass's travel and online travel agency (OTA) strategy, allowing for the embedding of mobile connectivity into the travel purchase journey [2][5]. - Gorilla's platform provides API-driven, white-label eSIM infrastructure, enabling travel platforms to bundle connectivity with flights, hotels, and ancillary services at the moment of booking [3]. Market Dynamics - The global eSIM ecosystem is highly fragmented, with many small operators lacking distribution scale and integration capabilities. Gorilla aims to aggregate demand through large digital partners and pursue selective consolidation opportunities [4]. - Society Pass plans to integrate Gorilla's eSIM services across its travel vertical, starting with NusaTrip, to enhance customer experience and generate recurring revenue with minimal incremental cost [5]. Strategic Vision - The integration of eSIM services is seen as a logical extension of Society Pass's OTA and travel strategy, internalizing a critical travel service that is digital and globally scalable [5]. - Gorilla is positioned to evolve from an infrastructure provider into a regional connectivity platform, unlocking scale, data, and recurring demand through partnerships [4].