Planet42 Funding, Investor and Contact Details. The Planet42 team is passionate about democratizing mobility in South Africa. Contact Information Website www.planet42.com Formerly Known As CarGet Ownership Status Privately Held (backing) Financing Status Venture Capital-Backed Primary Industry Automotive Other Industries Media and Information Services (B2B) Primary Office Post Office Box 26403 Monument Park Pretoria, Gauteng 0105 South Africa Planet42 Timeline Even though the founders are originally from Estonia, Planet42 is very much a South African business. 362.48 HOURS About Planet42: Access to mobility for the underbanked. This brings Planet42's total funding to $150.2M to date. Looking for a particular Planet42 employee's phone or email? Planet42 is democratising mobility by enabling people unfairly ignored by banks to get access to a personal vehicle with its socially inclusive car subscription. Please refer to the link to obtain further information on our privacy policy. VISIT OUR WEBSITE Connect with Planet42: Write to us: info@planet42.com planet42 cars planet24 planet 24 planet42 hello peter planet42 showroom planet42 reviews planet42 cars for sale planet 24 rent to own cars planet42 rent to buy planet42 contact details Unfortunately, your application was declined. Thank you for submitting your application!Your unique data is being processed, please wait. Moove Africa is an Integrated Mobility platform designed to enable all transport services, and service providers to interoperate. $150.2M over 7 Rounds (Latest Funding Type: Debt Financing), https://www.linkedin.com/in/grant-mark-wing/. site you are consenting to these choices. Nearby homes similar to 2306 Terrace Ln have recently sold between $485K to $5M at an average of $580 per square foot. "This funding is further proof that we . Aside from hefty contract origination charges, these hidden fees also include comprehensive insurance, which the customer cannot opt out of. If you have been turned down for vehicle finance and are looking to improve your mobility by getting your own car, you can apply on the Planet42 website right now. It was founded in 2016 and is based in Sao Paolo, Brazil. Thank you for submitting your application!Your unique data is being processed, please wait. Determining the Best Car for Your Budget, Customer care contact hours : Monday Friday 09:00 17:30. It is now betting on scaling operations and possibly expanding to other emerging markets . It lets users rent cars by the hour, days, or more through an application. Depending on how you want to use the service, Planet42 could be both of those things. Bank finance agreements have much less flexibility, locking in the customer for as long as 72 months and typically also have a high balloon payment at the end of the contract term, which most customers cannot afford. FlexClub has developed an online platform for owners to rent their vehicles to Uber Driver-partners. All you have to do is choose the one you like. The company is headquartered in Johannesburg, South Africa, with offices inTallinn, Estonia and Mexico City. Car Dealers | Rent to Own Cars | Planet42 Car Dealers We have signed up over 700 car dealers across the country, find out the closest to you. Planet42 has purchased over 5,000 vehicles in the African country in the last 12 months. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. Agreement amount was R512 000. Planet42 is included in 1 Expert Collection, including Fintech. The applicant hereby gives consent to Planet42 to make enquiries about his/her credit record, obtain whatever information on him/her that may be required to process this application. Wrote the vehicle off revently. For Sale: 29500 Mulholland Hwy, Agoura Hills, CA 91301 $1,600,000 MLS# FR22006801 7 acres on Mulholland Highway near Malibou Lake. Planet42 is a vehicle rental company offering rent-to-buy services for its clients. Planet42 stood by me throughout this very difficult period I am truly appreciative of their efforts and their humane approach. The company leverages technology to mitigate risk and promote financial inclusion by buying second-hand cars from a network of motor dealers and providing them to customers on a subscription basis, without the need to physically see the car. "This year the event is May 7th, 2023 from 12-5pm with the VIP Hour from 11am to 12pm. Took a vehicle on one of these deals in 2017. Learn more. If you do not want us and our partners to use cookies and personal data for these additional purposes, click 'Reject all'. Planet42 is democratising mobility by enabling people ignored by banks to get access to a personal vehicle through car subscription service. Launching now in Mexico . Planet42 hasbought more than 12,000 cars for its customers in South Africa and Mexico. Is there a limit to the amount that I can drive? My approval was fast and payments affordable. You can read more about your. Find out more about what drives us to democratise mobility. For starters, getting a rental car usually comes with a very high deposit requirement. Customers could, through this subscription service, drive a sports car for a few months and then switch to a minivan for travel with the family for another few months. How Planet42 works differently than most car subscriptions. Upon approval, customers can access any new or pre-owned car from its network of over 700 almost 1,000 dealerships. This is because nearly all rental agreements have a very limited daily kilometre allowance, after which the driver begins racking up fees. Customers are free to choose from thousands of cars at partner dealerships, or, alternatively, they can get pre-approved through the Planet42 website and then shop anywhere for a car within their budget. As an Accredited Dealer with Planet42 Kent Motors is able to submit your application and upon approval sell you a vehicle according to your qualification criteria. Check the section to learn more about which tools and technologies are used by Planet42 and how much is Planet42 oriented towards technology. Planet42, a South Africa-based car subscription company that buys used cars from dealerships and rents to customers via a subscription model, has raised $30 million in equity and debt. The applicant confirms that the information supplied is correct. You can read more about your cookie choices at our privacy policyhere. But what do you do if the banks reject your application for car financing, as they do for the overwhelming majority of people that apply for a loan in South Africa? This means that the customer is not liable to pay the shortfall in the cars realisation value, which the bank would charge to the customer when the bank sells off a car that has been returned to them. Just find the used car thats perfect for you and contact the dealership. It [] Dec 21, 2021 techcrunch.com Up until this point, most car subscriptions have focused on offering upper-tier vehicles to people with very high credit scores, and they charge a premium for the added flexibility and luxury features such as being able to swap cars on a regular basis. Unfortunately, your application was declined.We know circumstances continually change, so you are welcome to apply again in 2 months! This includes contact and bank details, vehicle specifics and supporting documentation (copy of ID and driver's licence, 3 latest payslips and 3 months' bank statement) . South Africa is playing catch-up, and there is still a lot of confusion about what exactly a car subscription entails. Planet42 does not sell cars, they provide a rent-to-buy solution for a vehicle which is purchased from a dealer on your behalf. Have the freedom of driving a car with Planet42 rent-to-buy car subscription. CBI websites generally use certain cookies to enable better interactions with our sites and services. Planet42 rent-to-buy car subscription Struggling to get a car? Planet42, a South African founded car subscriptions start-up, has tripled its vehicle acquisitions over the last 12 months. It aims to serve customers across the African market. "We are ran by 100% VOLUNTEERS. (business & personal). Planet42 headquarters is in South Africa. Thank you for submitting your application! Active, Closed, Last funding round type (e.g. We have partnered with more than 700 dealerships in South Africa. Planet42 specialises in financial services. But we do. We, TechCrunch, are part of the Yahoo family of brands. Planet42 claimed to have distributed more than 7,000 cars to customers in South Africa. Conejo Creek North, 1379 E. Janss Road, Thousand Oaks, CA. 26,349. 4 Beds. As car-sharing services and app-based ride-hailing services began to put pressure on big brand dealerships, many of them scrambled to offer new incentives that would make it easy to stick with one brand. Planet42 was founded in Estonia in 2017 by Eerik Oja and Marten Orgna. Planet42 key technologies used on the website. Planet42 analyses the customer's validation documents, such as IDs, payslips, and bank statements before purchasing the car from the dealership and renting it to the customer. Unfortunately, your application was declined.We know circumstances continually change, so you are welcome to apply again in 2 months! Up to 5 Renting a car may also seem similar to a car subscription, but again, there are significant differences between the two. 20 were here. And with its algorithms, customers can find out what budget suits them and choose new or pre-owned cars from Planet42s dealership network. Founded by Marten Orgna and Eerik Oja, Planet42 targets individuals in emerging markets but has a presence only in Africa. Compete with Planet42 or in another space? Seed, Series A, Private Equity), Alternate or previous names for the organization, Whether an Organization is for profit or non-profit, General contact email for the organization. PitchBooks non-financial metrics help you gauge a companys traction and growth using web presence and social reach. You have the option to buy out the car at any time for the buy-out price, which decreases every month. Vai.Car offers a digital car rental application service. Edit Lists Featuring This Company Section, Planet42 Receives $75M in Debt Financing and Equity investment from Rivonia Road Capital, Estonian FinTech startup Planet42 secures $100M to scale affordable transportation, Financial Services Companies With More Than 50 Employees (Top 10K), FinTech Seed Stage Companies With More Than 10 Employees, South Africa Financial Services Companies. Gauteng, NA - South Africa, South Africa. Planet42 is a vehicle rental company offering rent-to-buy services for its clients. Planet42's products include Car Subscription. Customer care contact hours : Monday Friday 09:00 17:30. Not only did I get a well running and great car from them, they excelled even higher than my expectations by helping me with relief during this unfortunate lockdown. Our expenses are the lowest of any fundraiser fo this size ran in Ventura and Los Angeles County due to the amazing volunteers that work all day to put on this AMAZING historic community event. The South African Automotive Industry: Which Car is Made in South Africa? Car subscriptions globally have been targeted at the wealthy and the young, who have no desire to visit a car dealership or hassle with insurance and registration. Is it possible to switch or swap out cars if I want. A flat-fee, monthly payment could cover everything from insurance to maintenance to warranty with the added bonus of being able to swap the car with relative ease. We've delivered more than 15,000 cars to customers in South Africa who would not have a car without us. Planet42s approval algorithms provide a fair, quick, and simple picture of the financial situations of people that have been unfairly passed over by banks. You can change your choices at any time by clicking on the 'Privacy dashboard' links on our sites and apps. Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces. With your application approved, we buy the car of your choice from the dealership and then rent it to you on a subscription basis. Planet42 is democratising mobility by enabling people ignored by banks to get access to a personal vehicle through car subscription service. #2. Car subscription models have various allowances when it comes to vehicle usage, with some subscriptions such as Planet42 even granting unlimited usage in their terms. It analyses the customers validation documents, such as identifications (IDs), payslips, and bank statements, before purchasing the car from the dealership and renting it to the customer. CB Insights Intelligence Analysts have mentioned Planet42 in 1 CB Insights research brief, most recently on Mar 21, 2022. Southeast Ventura County YMCA National Day of Prayer Breakfast, Skirball Center 'Peter Krasnow: Breathing Joy & Light' Exhibit 2023: Los Angeles, A Victorian Celebration - Coronation Day at the INN May 6th, Chili Cook-Off, Car Show & Craft Brew Festival 2023: Thousand Oaks. . Not everyone will be able to put down more than R10 000 on a credit card to get access to a rental car. Renting is a great choice for the short term if you need a car for a couple of days or weeks. Sign up for a free account. Planet42 Financial Services Access to mobility for the underbanked Follow See all 116 employees About us Planet42 is democratising access to mobility Website http://www.planet42.com. Most of our employees are South African. Providing you with the latest motoring news, new car releases and the simplest way to buy and sell cars. Questions to ask when thinking about a car subscription. Investors of Planet42 include Rivonia Road Capital, Naspers, ARS Holdings, Martin Villig, Change Ventures and 8 more. Planet42 is a Financial Services company and has headquarters in South Africa. Planet42's headquarters is located at Johannesburg. "100% of our PROFITS go to benefit local charities that are providing services to our Conejo Valley community. Planet42 is democratizing mobility by enabling people ignored by banks to get access to a personal vehicle. Pictured above: Lebo, one of Planet42s many happy customers! Once you do that we'll get back to you within 24 hours with our final decision. To view Planet42s complete valuation and funding history, request access, To view Planet42s complete executive team members history, request access, To view Planet42s complete board members history, request access, Youre viewing 5 of 12 investors.

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