Wednesday, 18th November 2015
Written by Yon Heong Tung
Published by e27
Fifty startups from the MaGIC Accelerator Programme (MAP) pitched their ideas to 150 international investors at MaGIC’s hub in Cyberjaya
When Syed Ahmad Fuqaha, Managing Director of Malaysia-based startup Katsana took the stage, he had a sombre message for the audience – Malaysia has one of the highest number of car accidents in the world. To add insult to injury, it is ranked sixth in the world when it comes to the rate of vehicular theft incidents.
To tackle, this pain point, Katsana is offering an advanced GPS tracking system for vehicles called Katsana Insight. It allows you to monitor and track your vehicle easily via a smartphone app. Katsana claims that it has recovered 97.8 percent of stolen cars that used its GPS system.
In addition, it also wants to enable insurance companies to carry out more accurate driver risk assessments by leveraging on its location information.