Planet42

Planet42 is a car subscription platform in South Africa that aims to improve transport equality by providing vehicles to individuals with limited access to traditional bank credit. It partners with dealerships, uses an automated scoring algorithm for application processing, and offers rent-to-buy options. The company also features a physical marketplace to complement its online platform.

Funding Round: Debt & Equity

Funding Amount: $15.6M

Date: 19-Mar-2024

Investors: Standard Bank

Markets: Fintech, Automotive, Financial Services, Subscription Service

HQ: Johannesburg, Gauteng, South Africa

Founded: 2017

Website: https://planet42.com/

LinkedIn: https://www.linkedin.com/company/planet42

Twitter: https://twitter.com/planet42_int

Instagram:

Facebook: https://www.facebook.com/Planet42