Society Pass Incorporated SOPA

Competitive advantage analysis · technology

Software & SaaS Specialized
Overall moat score
54/100
Moderate

Ranked against 263 peers in Software - Application

About Society Pass Incorporated

Society Pass Incorporated acquires and operates fintech and e-commerce platforms and mobile applications for consumers and merchants in Indonesia, Vietnam, the Philippines, Singapore, the United States, Thailand, and Malaysia. It operates through Online Grocery and Food and Groceries Deliveries; Digital Marketing; Online Ticketing and Reservation; Telecommunications Reseller; and e-Commerce segments. The company operates Leflair, an online lifestyle platform that offers … Full SOPA analysis →

Key strengths

  • Revenue Converts Cleanly to Cash Cash conversion is strong (score 0.91), showing scalable economics.
  • Asset-Light Returns Return profile is strong (score 0.99), supporting a capital-efficient model.

Key risks

  • Margin Compression Risk Margin quality is below peer norms (score 0.16), suggesting pricing pressure.
  • Lumpy Revenue Trajectory Revenue consistency is weak (score 0.07), suggesting demand may be less recurring than peers.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Weak
11
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Signals, strengths and risks for Pricing Power

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Signals, strengths and risks for Recurring Revenue Stickiness

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Signals, strengths and risks for Innovation Engine

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Signals, strengths and risks for Cash Scalability

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Signals, strengths and risks for Capital Efficiency

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Signals, strengths and risks for Balance Sheet Resilience

Where SOPA ranks in Software - Application

Society Pass Incorporated ranks #106 of 264 scored companies in Software - Application by moat score — the top 40%. The widest moat in the group is Dave Inc. (DAVE) at 80/100.

# Company Moat score Rating
102 nCino, Inc. NCNO 55/100 Moderate
103 Materialise NV MTLS 55/100 Moderate
104 Ibotta, Inc. IBTA 55/100 Moderate
105 Sprout Social, Inc SPT 54/100 Moderate
106 Society Pass Incorporated SOPA 54/100 Moderate
107 Rimini Street, Inc. RMNI 54/100 Moderate
108 VirTra, Inc. VTSI 53/100 Moderate
109 AudioEye, Inc. AEYE 53/100 Moderate
110 QXO, Inc. QXO 53/100 Moderate

See every Software & SaaS company ranked by moat score →

How SOPA scores on the Software & SaaS Specialized defenses

Pricing Power

Score 10 · 20% of the moat score

In software, pricing power is visible in gross margin: a vendor that has to discount in order to renew gives it up first.

Recurring Revenue Stickiness

Score 57 · 18% of the moat score

Recurring revenue is the model's central claim, and it is a moat only when customers renew and expand without being re-sold each year.

Innovation Engine

Score 64 · 16% of the moat score

Software is competed away rather than depreciated, so a vendor that stops investing loses its category.

Cash Scalability

Score 94 · 18% of the moat score

The test of a software business is whether growth eventually stops consuming cash.

Capital Efficiency

Score 67 · 16% of the moat score

A software platform employs very little capital, so a genuine franchise should produce high returns on it without leverage.

Balance Sheet Resilience

Score 31 · 12% of the moat score

Software companies fund years of customer acquisition before those customers pay back, which makes access to capital a strategic variable rather than a treasury detail.

How each Software & SaaS Specialized defense is measured, in full →

Understanding SOPA's moat

What is Society Pass Incorporated's moat score?

Society Pass Incorporated (SOPA) scores 54 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #106 of 264 scored companies in Software - Application, the top 40%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 263 companies in Software - Application. Its strongest defense is Cash Scalability (94/100) and its weakest is Pricing Power (10/100).

How does Society Pass Incorporated compare with other Software - Application companies?

Society Pass Incorporated ranks #106 of 264 scored companies in Software - Application by moat score. The widest moat in Software - Application is Dave Inc. (DAVE) at 80/100. The companies ranked closest are Sprout Social, Inc (SPT) at 54 just above it and Rimini Street, Inc. (RMNI) at 54 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Software & SaaS Specialized in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 263 companies in Software - Application. The defenses are then weighted to produce the overall score out of 100.

Why is Society Pass Incorporated scored with the Software & SaaS Specialized template?

Software costs almost nothing to reproduce, so the entire economic question is whether customers keep paying. Revenue is a subscription rather than a sale, the cost of winning a customer is paid years before that customer becomes profitable, and margins arrive only if renewals hold. The Software & SaaS template scores retention, reinvestment, and the point at which growth turns into cash.

Which competitive defenses are measured for Society Pass Incorporated?

The Software & SaaS Specialized template measures 6 defenses, and SOPA scores: Pricing Power (10), Recurring Revenue Stickiness (57), Innovation Engine (64), Cash Scalability (94), Capital Efficiency (67), Balance Sheet Resilience (31). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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