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Indonesian traveltech firm NusaTrip acquired by Society Pass

NusaTrip was purchased by Society Pass, a digital company with headquarters in Vietnam, for an unknown sum.

In the near future, NusaTrip’s services will be extended to additional Southeast Asian nations by integrating new travel product lines for both foreign and local consumers, according to Patrick Soetanto, Society Pass’ country manager for Indonesia.

Society Pass, a company founded in 2018, focused on acquiring Southeast Asian e-commerce firms in order to create an ecosystem for loyalty and data marketing.

In addition to NusaTrip, it has also purchased Leflair, a lifestyle platform headquartered in Vietnam, Pushkart, an e-grocery company located in the Philippines, Gorilla Networks, a blockchain business in Singapore, and Thoughtful Media Group, a social commerce platform based in Thailand.

Dennis Nguyen founded the business, which was registered as a Nevada corporation. After being listed on the Nasdaq, it went public in November of last year and raised around US $26 million in the process. It is the first Vietnamese business to finish a conventional listing on a stock exchange outside of its country of origin.

According to a statement from Society Pass, its platform has more than 205,000 registered businesses in addition to more than 3.3 million registered users.

The International Air Transport Association has approved NusaTrip as the first online travel agency. More than 1.2 million people have registered with the firm since its launch in 2013. More than 500 airlines and more than 200,000 hotels have joined its network.

 

 

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