Society Pass Inc (SoPa), a Vietnam-based loyalty and ecommerce firm, announced the completion of restructuring Leflair’s Vietnam operations with the spin-off of Leflair Group. As a result of this corporate restructuring, the Leflair Group is set to become Southeast Asia’s next lifestyle retail super distributor nexus, evolving from a single discounted platform to a lifestyle retail ecosystem, providing shoppers with an integrated and unique shopping experience from online to offline.

Just as in the 90s there was too much conversation around the Web and doing things online, we are now living in an era where the hottest buzzword are Web3, DeFi and decentralization. Latin America has become a hotbed for new DeFi and Web3 companies. With abundant tech-skilled talent, a history of unreliable centralized institutions, and the disruptive startup culture that has boomed for at least a decade, the region is particularly positioned to be a disruptive lab for the next generation of Internet companies.