Kasko2go with growth at a fast pace

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24.07.2018
Cars

Kasko2go has launched the first digital car insurance application based on AI and blockchain technology. The startup enables safe car drivers to save up to 50% on insurance thanks to its «Pay-as-you-Drive» model. More than 50.000 paying users are already using the solution.

Established to build a safe driver community and promote the idea of safe driving in society whilst helping to tackle high premiums, fraud and expenses related to customer acquisition, the Zug startup, Kasko2go uses military grade AI technologies, advanced telematics to offer low-cost driving insurance based on «Pay-as-you-Drive» model. The startup has perfectly tailored its blockchain technology to develop a mobile application (app) that offers drivers a simple, safe and affordable insurance solution with unprecedented transparency.  

Without any human-intervention, the app analyse each driver individually to provide corresponding information that enables them to pay for motor insurance, depending on the ride’s duration and features such as weather; road quality; driver’s behaviour behind the wheel and location accident rate. After an accident has occured, the user takes a photo of the scene though the Kasko2Go app which immediately analyses the situation and instantly issues an insurance pay out to the customer.

The app was launched at at the end of April this year, Kasko2go launched the app, making the first blockchain-based auto insurance application on the market. Over 250’000 users are using the solution.

Global partnerships to promote safe driving
Thanks to its innovative solution, the startup has attracted insurance companies from all over the world as partners with the aim of bringing the solution to their home markets. Some of the partners include; Sizecar a car renting company that will use Kasko2Go services to bring insurance to rented cars, and the Ukrainian insurance company Aska who will bring a pay-as-you-go model to its customers.

Cryptaur, with its 2.5 million customers, also relies on Kasko2Go for an exclusive version of the scoring application that will empower customers to earn tokens via safe driving habits. In the beginning of 2019, the service will be provided for the Vietnamese automotive market. Following their partnership, Dmitry Buriak, a Russian and Lithuanian businessman, and Founder and CEO at Cryptaur joined Kasko2GGo advisory board as its Investor Community Advisor.

The Chinese automotive company, AlphaCar has similarly formed strategic partnership, and signed a Memorandum of Understanding with Kasko2Go, giving the startup access to the Chinese automotive market. According to their blog post, the two companies have brought forward their plan of entering the Chinese market from 2020 to 2018, with the goal to create 50 million community in next 3 years.

The startup is currently raising funds through an ICO. during its Pre-ICO it closed the soft cap with 3 million euros. The ICO is still on-going.

(RAN)

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