Society Pass Incorporated (Nasdaq: SOPA) Enters US$11 Billion Global eSIM Market with Strategic Investment into Gorilla Networks to Build an Integrated Travel Connectivity Platform
Society Pass (Nasdaq: SOPA) made a US$1.8 million minority investment in Singapore-based Gorilla Networks to enter the global eSIM market.
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Rhea-AI Summary
Society Pass (Nasdaq: SOPA) made a US$1.8 million minority investment in Singapore-based Gorilla Networks to enter the global eSIM market.
The deal enables integration of API-driven, white-label eSIM services into the Company’s travel platform NusaTrip (Nasdaq: NUTR), targeting bundled mobile connectivity at point-of-booking within a fragmented US$11.2B market projected to reach US$25.0B by 2033.
Positive
- Entry into a projected US$11.2B eSIM market
- US$1.8M minority investment establishes strategic foothold
- Ability to bundle eSIM at booking through NusaTrip integration
- Potential for recurring, margin-accretive software revenue
Negative
- Minority US$1.8M investment is small versus market scale
- Global eSIM ecosystem described as highly fragmented
Details
News Market Reaction – SOPA
On Jan 29, the day this news came out, SOPA closed 12.87% above the previous close.
Data tracked by StockTitan Argus for the Jan 29 session.
Key Figures
- Gorilla investment
- US$1.8 million
- Minority stake in Gorilla Networks eSIM platform
- Global eSIM market 2025
- US$11.2 billion
- Projected 2025 global eSIM market size (Straits Research)
- Global eSIM market 2033
- US$25.0 billion
- Projected 2033 global eSIM market size (Straits Research)
- eSIM CAGR
- 10.5% CAGR
- Projected growth 2025–2033 for global eSIM market
Historical Context
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Research report highlighted large gap between asset value and market cap.
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Minority Sapience AI investment to enter AI data centre market.
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NusaTrip–Bookcabin tie-up to expand reach in Indonesia travel market.
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Closing of $3M stock offering at $2.00 per share under S-1.
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Pricing of best-efforts offering of 1,500,000 shares at $2.00.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
esim technical
api-driven technical
ota technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
NEW YORK, Jan. 29, 2026 (GLOBE NEWSWIRE) -- Society Pass Incorporated (Nasdaq: SOPA) (the “Company”), Southeast Asia’s next generation digital ecosystem, today announces a US
The investment represents Society Pass’s entry into the fast-growing global eSIM market, which Straits Research projects to expand from US
Society Pass’ majority owned travel platform, NusaTrip Inc (Nasdaq: NUTR), operates at the point where cross-border travelers make instantaneous purchasing decisions. Mobile connectivity is a recurring need for these users, yet remains largely disconnected from the OTA transaction flow. Gorilla’s platform is designed to change this dynamic. By providing API-driven, white-label eSIM infrastructure, Gorilla enables travel platforms to bundle connectivity alongside flights, hotels, and ancillary services at the moment of booking. This transforms mobile data from a standalone product into a native component of the travel experience, improving convenience for travelers while creating a new, high-margin revenue layer for digital platforms.
Gorilla CEO, Loic Gautier, explains, “Unlike consumer-only eSIM providers, Gorilla has been architected as a platform-first business, optimized for scale, distribution partnerships, and multi-market expansion. Its technology stack supports centralized provisioning, dynamic pricing, and partner-level customization across regions. The global eSIM ecosystem remains highly fragmented, with many small operators lacking distribution scale, capital access, or integration capabilities. Gorilla’s positioning allows it to aggregate demand through large digital partners, standardize connectivity delivery, and over time pursue selective consolidation opportunities, including regional operators, niche travel-focused providers, or complementary technology platforms. Together, these elements position Gorilla to evolve from an infrastructure provider into a regional connectivity platform with consolidation optionality. By embedding eSIM services directly into partner platforms, we unlock scale, data, and recurring demand. We look forward to working with our shareholders, Ascendance Group and Society Pass, to accelerate this vision by combining distribution, capital markets expertise, and a proven ecosystem strategy.
Raynauld Liang, CEO of the Company, illustrates, “As an initial phase, Society Pass plans to integrate Gorilla’s eSIM services across its travel vertical, starting with NusaTrip. This integration enables travelers to purchase flights, accommodations, and mobile connectivity in a single transaction, increasing attach rates, improving customer lifetime value, and generating recurring, software-driven revenue with minimal incremental cost. Over time, Gorilla is expected to expand beyond OTA integrations into:
- Enterprise and B2B connectivity partnerships
- White-label deployments for regional platforms
- Strategic bolt-on acquisitions aligned with its infrastructure roadmap.
Mr. Liang adds, “Connectivity is a logical extension of our OTA and travel strategy. Gorilla allows us to internalize a critical travel service that is digital, margin-accretive, and globally scalable. Beyond near-term revenue synergies, we see Gorilla as a long-term platform opportunity within a fragmented market that is ripe for consolidation.”
About Society Pass Inc.
Founded in 2018 as an e-commerce ecosystem in the fast-growing markets of Vietnam, Indonesia, Philippines, Singapore and Thailand, and with offices located in Bangkok, Beijing, Ho Chi Minh City, Hong Kong, Jakarta, Manila, and Singapore, Society Pass Incorporated (Nasdaq: SOPA) is an acquisition-focused holding company operating 4 interconnected verticals (digital media, travel, lifestyle, and alternative intelligence).
Society Pass completed an initial public offering and began trading on the Nasdaq under the ticker SOPA in November 2021.
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
X at https://twitter.com/society_pass or
Instagram at https://www.instagram.com/societypass/.
Cautionary Note Concerning Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the “safe harbour” provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the success of the strategic partnership or integration. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as “anticipate”, “estimate”, “expect”, “project”, “plan”, “intend”, “believe”, “may”, “will”, “should”, “can have”, “likely” and other words and terms of similar meaning. Forward-looking statements represent Society Pass Incorporated’s current expectations regarding future events and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those implied by the forward-looking statements. Among those risks and uncertainties are market conditions, including the trading price and volatility of Society Pass Incorporated’s common stock and risks relating to Society Pass Incorporated’s business, including the Company’s ability to develop and successfully change its business model and the Company’s ability to identify new investments and spin-off acquisitions.
Media Contact:
Raynuald LIANG
Chief Executive Officer
ray@thesocietypass.com
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