Society Pass Invests in Gorilla Networks to Enter Global eSIM Market

Society Pass (SOPA) invests $1.8 million in Gorilla Networks, a telecoms company, entering the global eSIM market projected to grow to $25 billion by 2033. The strategic move enhances Society Pass's travel and OTA strategies and positions it in the digital connectivity sector. Despite challenges in profitability, Society Pass has demonstrated significant revenue growth and maintains a low level of leverage. Valuation metrics suggest potential upside, but the company's financial health grades indicate potential risks.