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Society Pass (SoPa) welcomes Mangan.ph, the Philippines’ leading restaurant delivery service, to its ever-expanding next-generation digital ecosystem

DGAP-News: Society Pass Incorporated
Society Pass (SoPa) welcomes Mangan.ph, the Philippines’ leading restaurant delivery service, to its ever-expanding next-generation digital ecosystem
20.07.2022 / 14:00
The issuer is solely responsible for the content of this announcement.

  • SoPa acquires Mangan.ph (“Mangan”), the first local restaurant delivery service in the Philippines

  • Mangan.ph represents SoPa’s second acquisition in the Philippines and its third global F&B acquisition as SoPa continues to expand its digital ecosystem across Southeast Asia (“SEA”)

  • SoPa creates a one-stop food delivery solution in the Philippines with both its grocery delivery service, Pushkart, and restaurant delivery service, Mangan

  • Since launching in December 2017, Mangan has onboarded over 500,000 registered consumers, over 80,000 social media followers and over 1,200 registered restaurants, and generated over 100,000 mobile app downloads on its platform. Leveraging its network of over 200 drivers/drivers, Mangan makes over 800 food deliveries per day

  • With this acquisition, SoPa has now amassed over 2.1 million registered consumers and over 6,700 registered merchants/brands in its ecosystem.

Singapore, July 20, 2022 – Society Pass Incorporated (“SoPa” or “Society Pass”) (NASDAQ: SOPA), Southeast Asia’s leading data-driven loyalty platform, today announces the acquisition of Mangan.ph (“Mangan”), the leading local restaurant delivery service in the Philippines. Founded in 2017, Mangan offers catering dishes from more than 1,200 partner restaurants through its network of more than 200 runners to its more than 500,000 registered users. So far, Mangan has generated over 100,000 mobile app downloads and amassed over 80,000 social media followers.

Operating in Pampanga, the culinary capital of the Philippines, Mangan’s geographic reach extends to 16 other cities, including Angeles City, San Fernando, Clark, Dau, Mabalacat, Guagua, Lubao, Tarlac, Bataan, Magalang, Pasig, Cabanatuan, Baguio, Lipa Batangas, Antipolo City, Dagupan City. The newly acquired business will be integrated into SoPa’s F&B vertical, Push Delivery Pte Ltd, along with Pushkart and #HOTTAB.​​

Despite the recent reopening of the economy and the easing of multiple restrictions, ordering food from home online remains the new normal in the Philippines, mirroring trends seen in other parts of the world. The convenience of ordering, coupled with the work-from-home setup and continued preference to avoid crowds, is encouraging customers to order as often as they have over the past two years.

Society Pass Philippines Country Director Arbie Pagdangan said, “We enthusiastically welcome Mangan to SoPa’s growing loyalty and data ecosystem. We combine Mangan’s robust technology and operational efficiency with our own brand building expertise. Combined with Pushkart, which delivers groceries to consumers in Metro Manila, and Mangan’s operational focus in the provinces, SoPa creates a food delivery giant to serve the Philippines’ 115 million people. SoPa aims to double the number of registered users to over 800,000 and increase app downloads to over 200,000 by the end of 2023. We look forward to growing our next-generation loyalty platform and opportunistically acquire market-leading businesses in the restaurant, lifestyle and digital space. the advertising and travel verticals in the Philippines for the remainder of 2022.”

Ralph Rile, Co-Founder and CEO of Mangan says, “When we launched Mangan five years ago, our vision was to deliver delicious food from Pampanga’s wide array of cafes and restaurants straight to our customers’ doorsteps without hassle. . We have witnessed tremendous success in our initial goals, and now we aim to expand Mangan beyond the island of Luzon to other parts of the Philippines. That’s why partnering with SoPa is our logical next step, and we’re excited about the combined capabilities we’ll now bring to Mangan’s partners and customers.

Louie Alcantara, co-founder and chief technology officer of Mangan, explains: “In a short time, thanks to our user-friendly technology interface, Mangan has earned a reputation as the best local food delivery service online, reaching more than 2 USD. million in gross value of goods per year. By leveraging SoPa’s marketing platform and capital, we aim to multiply GMV by the end of 2022.”

About the Company Pass

As a loyalty and data marketing ecosystem in Singapore, Vietnam, Philippines and Thailand and with offices located in Singapore, Hanoi, Ho Chi Minh City, Manila, Angeles and Bangkok, SoPa is a holding company of acquisition-driven e-commerce operating 7 interconnected networks. verticals (Loyalty, Merchant Software, Lifestyle, F&B, Telecom, Digital Media and Travel), which seamlessly connects millions of consumers and thousands of merchants across multiple categories of products and services through SEA.

SoPa’s business model is centered on the analysis of user data through its Society Pass loyalty platform and the circulation of its universal loyalty points or Society Points. The Society Pass loyalty platform drives customer acquisition and retention for merchants. Since its inception, SoPa has gathered over 2.1 million registered consumers and over 6,700 registered merchants/brands on its platform. It has invested over 2 years in building a proprietary IT architecture with state-of-the-art components to effectively scale and support its consumers, merchants and acquisitions.

Society Pass is leveraging technology to deliver a more personalized experience for customers in the shopping journey and to transform the entire retail value chain in Southeast Asia. SoPa operates #HOTTAB Biz and #HOTTAB POS – a Vietnam-based POS, CRM and analytics technology solutions provider for small and medium enterprises, Leflair.com, the leading lifestyle e-commerce platform in Vietnam, Pushkart.pha popular grocery delivery company in the Philippines, Handycart.vnone of the leading online restaurant delivery services based in Vietnam, Gorilla networksa Singapore-based, Web3-enabled mobile blockchain network operator, and Thoughtful Media Groupa Bangkok-based premium multi-platform digital video network focused on social commerce.

For more information, please see: http://thesocietypass.com/.

Media contacts:

Valuable submissions

sopa@preciouscomms.com

As a loyalty and data marketing ecosystem, Society Pass operates multiple e-commerce platforms in its key SEA markets. Its business model focuses on analyzing user data through the planned launch of its Society Pass loyalty platform and the circulation of its universal loyalty points, which seamlessly connects consumers and merchants across multiple product categories. and services to promote organic loyalty. Since its inception, SoPa has gathered over 1.6 million registered consumers and over 5,500 registered merchants/brands on its platform. It has invested over 2 years in building a proprietary IT architecture with state-of-the-art components to scale and effectively support its consumers, merchants, and acquisitions. Company Pass provides merchants with #HOTTAB Biz and #HOTTAB POS – a solution specialized point-of-sale technology, a complete system for payment, loyal customer management, user profile analysis, and convenient financial support packages for small and medium-sized businesses. In addition, SoPa operates Leflair.com, the leading platform lifestyle e-commerce company in Vietnam, Pushkart.ph, a popular grocery delivery company in the Philippines, Handycart.vn, a leading online restaurant delivery service based in Hanoi, Vietnam, and Gorilla Networks , a Singapore-based blockchain/web3 enabled mobile virtual network operator. For more information, please visit: http://thesocietypass .com/ .

Contact Details

Valuable submissions

Valuable submissions

sopa@preciouscomms.com

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