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Bangkok Post
Bangkok Post
Business

SoPa allots another $20m to acquisitions

SOPA Thailand TMG Nasdaq United States ASEAN
Mr Nguyen says that SoPa has over 2.1 million registered consumers and more than 6,700 registered merchants and brands on its platform.

Nasdaq-listed loyalty platform Society Pass (SoPa), which recently acquired Thailand-headquartered Thoughtful Media Group (TMG), a digital video multi-platform network (MPN) and social commerce platform, is looking to spend US$15-20 million more on acquisitions in Thailand in the second half to bolster its business ecosystem.

The move is part of SoPa's budget of $30 million it earmarked to acquire companies with potential in Asean in the second half. Some 12-15 firms are now on its radar.

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