One TOP100 startup inked a deal with a global insurance company while the other is helping Malaysians improve their driving
TOP100 at Echelon was quite the blast back in June. It’s always fun to see the startups pitch, talk to the crowd about their favourite companies and see the smiles from the winning teams.
But what happens after? Where do they go?
We caught up with two companies to see what they have been up to in the months since Echelon.
Smart door-lock startup igloohome partners global insurance company AXA
igloohome is a Singaporean startup that has built a digital door lock that integrates with a mobile app. The startup has partnered with AXA to include its product as part of digital home insurance bundles. It will offer basic and premium packages according to what the customer needs.
Anthony Chow, the CEO of ingloohome, said the partnership is a sign of a smart-home industry in Singapore that is set to take off.
“We are really excited about our partnership with AXA, as this helps to add a layer of protection on top of our smart locks to give our customers a peace of mind,” he added.
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As for AXA, the company went for the deal because of the fact, ““Smart digital door locks and home insurance are complementary products as both serve the vital function of protection, ensuring the integrity of the home,” according to Patrick Peck, the Chief Distribution Officer of AXA Insurance.
While the smart lock helps eliminate the need for keys, it does not require a solid internet connection as it works offline.
igloohome says it plans to launch a premium version called Smart Mortise by the end of the year.
The startup includes Airbnb as a partner and has received investment from Singtel Innov8 and Wavemaker Partners.
DraVA partners with Safety Driving Center to make the roads safer
DraVA, a Malaysian startup that wants to incentivise safe driving through cheaper insurance premiums, has partnered with Safe Driving Center (SDC) to launch an app to improve student driving behaviour.
The app allows people to track their driving behaviour and see how they are driving. What seems to be the most likely use case is for parents who are letting their teens drive for the first time.
The app gathers data into a safety index that is consolidated into a monthly summary. It also let’s a driver know if they violated a traffic law during a given trip.
For parents, they would download the app and register themselves as a mentor, with their kids being the mentee. The teenager will have to accept their parent as a mentor because the app has security restrictions that require the mentees to approve their mentors.
The app allows the mentor to oversee the driving habits of their mentees. It also has an option to alert the parent when the kid breaks the speed limit.
But, it can also be used for self-improvement, so it could be a handy tool for people with brick feet who find themselves consistently paying speeding tickets.
The SDC is a driving school based in Klang Valley (home to the Kuala Lumpur metro area). It offers driving courses and can issue licenses in Malaysia.
DraVA is built on the idea that those who drive safely should pay less for insurance. It incentivises drivers by rewarding their good driving behaviour with lower insurance premiums.
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The post Where are they now? A few months after Echelon, we check in with a couple TOP100 companies and see what’s up appeared first on e27.