Planet42

About Planet42

Planet42 provides a rent-to-own car service aimed at offering mobility with dignity to hardworking South Africans overlooked by traditional banking systems. Their mission is to restore dignity, independence, and opportunity through fair, flexible, and transparent vehicle access.

Products & Services

Rent-to-Own Car Subscription:A service where customers apply online or at a dealership, get approved quickly, drive a car rented from Planet42 on a flexible subscription basis, and have the option to buy the car or upgrade after 24 months. Includes comprehensive insurance, GPS tracking, and servicing.

Specialties

Inclusive vehicle access Transparent rental agreements Fast approval process

Funding History

Debug: View Raw Funding Data

#	Type	Amount Fields	Date Fields	Investors
1	RT: Debt T: - FT: Debt	A: 75000000 MR: - FA: 75 million FAN: 75000000	D: 2023-02-28 FD: 2023-02-28	1 investors

Debt Latest

2023-02-28

$75.0M

1 investor (Pro only)

Growth Metrics

+45%

Employee Growth

YoY

3.2x

Funding Growth

Last Round

12

Markets

Operating

10K+

Customers

Active

View 3 more growth metrics with Pro

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Mock Up

Team & Leadership

No team data available

Team information is not yet available for this company

Recent News

Planet42 Announces New Product Launch

2 days ago

Company unveils innovative solution to transform the industry, expanding market reach and capabilities...

Leadership Team Expands with Industry Veteran

1 week ago

New executive brings 20+ years of experience to accelerate growth and strategic initiatives...

Company Recognized as Industry Leader

2 weeks ago

Receives prestigious award for innovation and customer satisfaction in competitive market...

Key Competitors

C1

Competitor Alpha

Series B · $50M raised

C2

Competitor Beta

Series C · $120M raised

C3

Competitor Gamma

Series A · $25M raised

C4

Competitor Delta

Seed · $10M raised