November 28, 2018: ANGIN had the opportunity to once again host its Monthly Pitch Lunch, which was held to showcase four up-and-coming startups – Shipmall, Shox, Coverwatch, and EmpatKali – to ANGIN’s angel investors, as well as several venture capital firms and other ecosystem players.
A short recap of the startups:
- Shipmall is an O2O platform that uses affiliate marketing to promote merchant’s products to customers. With the Shipmall affiliate program, partners can help merchants to sell their products. Merchants will be able to sell their products more effectively and ultimately receive an increased number of sales. The customer will feel comfortable buying products in Shipmall because it is the original and best possible price on the market and most importantly is based on recommendations from friends, family, and influencers. Shipmall’s partner will get commission on every transaction that happens through their referral. Other than that, they will be trained and mentored to be a professional affiliate partner.
- Shox is a solution that uses computer vision artificial intelligence, where users can take a screenshot of a product in order to get the look. Users can search all retailers and brands on social media by taking a screenshot of the item. After the screenshot, the user taps on instant-notification sent by Shox, in 3 seconds our CV AI engine finds the items that are in the screenshot and gives the user the online address of where to buy them. Think about a mix of Shazam and Skyscanner model for the fashion retail industry.
- Coverwatch is a SaaS solution for insurance claims management while helping insurers, hospitals and TPAs to digitise the entire claims journey from patient registration to financial reconciliation. This enables Coverwatch to harness the only real-time health data in SEA, to become the “Google Analytics” for Health. By using Coverwatch the cost to administer a policy and claim will be reduced by 80% and Fraud can be reduced to <1%.
- Empatkali is a P2P lending services that hopes to address Indonesians lack of available credit with their zero interest based model. It delivers a fast and reliable instalment solution – interest free using a mobile platform. Fashion retailers can get the sale now without having to collect money later. EmpatKali pays retailers the full amount of the purchase, shouldering the risk of default, while allowing customers to receive their purchase instantly and spread the total cost over four repayments. There is no upfront membership or regular account fees.
Each startup had 7 minutes to pitch to investors, and received 5 minutes of Q&A and feedback. Afterwards, attendees had a chance to network and mingle with each other over a delicious lunch served by Burgreens. ANGIN is happy to have seen such a large turnout of investors attend our flagship event and we are excited for more to come.