Singapore – Society Pass (SoPa), the data-driven loyalty and e-commerce ecosystem in SEA, has acquired Singapore-based Gorilla Networks (Gorilla), a next-generation Web3-enabled MVNO.
Established in Singapore in 2019, Gorilla utilises Web3 technology to operate an MVNO for its users in Southeast Asia. With network coverage to over 160 countries, Gorilla offers a full suite of mobile communication services such as local calls, international roaming, data, and SMS texting. Moreover, Gorilla enables its customers to convert unused mobile data into digital assets or Gorilla GO Tokens through its proprietary blockchain-based SwitchBack feature.
Dennis Nguyen, SoPa founder, chairman and CEO, explained, “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 onto the SoPa ecosystem and enable the new meta-economy for all our portfolio companies.”
“From our Leflair lifestyle e-commerce platform to our Pushkart/Handycart F&B delivery services, as we roll out the Society Pass loyalty platform in the coming months, we leverage Gorilla’s technology to drive customer retention for merchants and create innovative revenue models for our ecosystem,” added Nguyen.
With the rebound of the travel market throughout Southeast Asia, Gorilla expects to dramatically increase its customer base by marketing to the region’s business and leisure travellers with its user-friendly technology platform. It plans to expand its MVNO services offering to Vietnam, Thailand, and Malaysia over the next 12 months.
“When we started Gorilla Networks three years ago, our vision was to build a democratised mobile communications service platform where users regardless of nationality, home location or mobile subscription plans can access essential telecoms services such as roaming and mobile data anywhere and everywhere throughout the world. Gorilla is currently transitioning existing web 2 telco services onto the web3 economy by tokenising mobile data as digital assets,” said Xanne Leo, founder and CEO of Gorilla Networks.
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