Launching now in Mexico . Planet 42 is now one of the single biggest clients for used car dealers in South Africa, having bought well over 2,000 cars from over 300 dealers as reported here. Planet42 claimed to have distributed more than 7,000 cars to customers in South Africa. 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 Aside from hefty contract origination charges, these hidden fees also include comprehensive insurance, which the customer cannot opt out of. The deposit for a car subscription is usually much more affordable. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. All you have to do is choose the one you like. Planet42, a South African founded car subscriptions start-up, has tripled its vehicle acquisitions over the last 12 months. 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. Agreement amount was R512 000. In contrast, car subscriptions usually have insurance included in the monthly subscription payment. Planet42 is in financial services sector. This is because nearly all rental agreements have a very limited daily kilometre allowance, after which the driver begins racking up fees. 2 Baths. May 26, 2021. Thank you Planet 42 I really appreciate everything you have done I am happy to recommend you to anyone who has a problem getting bank finance and really needs a car. Planet42 has 12 employees. You can read more about your. How Planet42 works differently than most car subscriptions. Planet42 New Rent-to-buy Car Subscription Service. Meanwhile you can start looking for your new car. Car subscriptions are more flexible. It is now betting on scaling operations and possibly expanding to other emerging markets . Gauteng, NA - South Africa, South Africa. Planet42. First name Last name ID number Phone number Phone number e.g. The 3 most popular patent topics include: Wind turbine manufacturers, Wind turbines, Geotechnical engineering, Wind power, Offshore engineering, LOS ANGELES--(BUSINESS WIRE)--Rivonia Road Capital Provides $75M to Naspers-Backed Global Car Subscription Fintech Planet42. 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? The Planet42 team is passionate about democratizing mobility in South Africa. SOLD APR 12, 2023. Lorem ipsum dolor sit amet consectetur adipisicing elit. Up to 5 If you would like to customise your choices, click 'Manage privacy settings'. Ft. 29332 Deep Shadow Dr, Agoura Hills, CA 91301. site you are consenting to these choices. Meet one of SA's biggest single customers for used cars Just find the used car thats perfect for you and contact the dealership. A car subscription may sound similar to bank finance, but there are important differences. Check the section to learn more about which tools and technologies are used by Planet42 and how much is Planet42 oriented towards technology. 362.48 HOURS About Planet42: Access to mobility for the underbanked. Planet42 Funding, Investor and Contact Details "A FREE Kid Zone featuring bounce houses, obstacle courses, giant slide, face painting and more activities! If youre looking to get behind the wheel quickly, check them out today! Nearby Recently Sold Homes. The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution. We've delivered more than 15,000 cars to customers in South Africa who would not have a car without us. Understanding the differences between traditional car finance, renting, and subscribing to a car will help you decide which method is best for your needs. PitchBooks non-financial metrics help you gauge a companys traction and growth using web presence and social reach. The investment which co-founder and CEO Eerik Oja called a bridge round is a prequel to a larger Series A round next year. 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. Autochek is an online marketplace for car sales. . The approval process takes less than one minute, and the selection of vehicles is unparalleled. PAIA policy; Corporate About us and contact; List of Dealers; Press Renting a car may also seem similar to a car subscription, but again, there are significant differences between the two. 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. Planet42 secures $30 million, to expand car inventory in South Africa 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. Car Subscription. Rent to Own | OPS Cars Planet42 Company Profile - Craft With your application approved, we buy the car of your choice from the dealership and then rent it to you on a subscription basis. Buy. You have the option to buy out the car at any time for the buy-out price, which decreases every month. Planet42 - Facebook The South African Automotive Industry: Which Car is Made in South Africa? Vai.Car offers a digital car rental application service. Anything longer than that and a car subscription is likely to be the better choice. Planet42 is democratising mobility by enabling people unfairly ignored by banks to get access to a personal vehicle with its socially inclusive car subscription. View contacts for Planet42 to access new leads and connect with decision-makers. Become our dealer and join us on our mission. Ensure that your company and products are accurately represented on our platform. Planet42 - New rent-to-buy car subscription service - Cars.co.za Most of our employees are South African. Get the full list, Morningstar Institutional Equity Research, Chief Operating Officer & Managing Director. You drive the car and make monthly payments to Planet42, but OPS Cars facilitates the whole process for you. Planet42's approval algorithms provide a fair, quick, and simple picture of the financial situations of people that have been unfairly passed over by banks. The company's services include analyzing the customer's validation documents, such as IDs, payslips, and bank statements before purchasing the used car from the dealership and renting it to the client for monthly rental payments, enabling clients to get rental cars at affordable rates. Provider of rent-to-buy automotive services intended for long-term vehicles to rent without paying the full financing cost. Planet42 rent-to-buy car subscription 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. $150.2M over 7 Rounds (Latest Funding Type: Debt Financing), https://www.linkedin.com/in/grant-mark-wing/. 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. Customer care contact hours : Monday Friday 09:00 17:30. For instance, Planet42 asks for a minimum commitment of 6 months, after which time the customer can return the car at any time for a nominal fee. Planet42 Company Profile: Valuation & Investors | PitchBook Then theyll submit the application on your behalf. Why South Africa-based car subscription company Planet42 is going South Africa-based Estonia car rental startup Planet42 gets $10m - Quartz We buy cars from South African dealerships, for South African people. 's Products & Differentiators. 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. . 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. For starters, getting a rental car usually comes with a very high deposit requirement. . The applicant gives consent to Planet42 to use his/her personal information for the marketing and promotion of Planet42 or third party goods and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. Compete with Planet42 or in another space? "This year the event is May 7th, 2023 from 12-5pm with the VIP Hour from 11am to 12pm. Pictured above: Lebo, one of Planet42s many happy customers! Planet42 is democratising access to mobility by offering car subscription for people unfairly ignored Planet42 The applicant confirms that the information supplied is correct. FlexClub has developed an online platform for owners to rent their vehicles to Uber Driver-partners. You can buy the car from us outright at any point the buy-out price decreases every month. SOLD MAR 7, 2023. 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) . Determining the Best Car for Your Budget, Customer care contact hours : Monday Friday 09:00 17:30. 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. Planet42 is included in 1 Expert Collection, including Fintech. Rent to Own Cars | Planet42 Rent to Buy "This funding is further proof that we . Planet42 has purchased over 5,000 vehicles in the African country in the last 12 months. All information is treated as confidential. 3,783 talking about this. Planet42 claimed to have distributed more than 7,000 cars to customers in South Africa. 29500 Mulholland Hwy, Agoura Hills, CA 91301 - Redfin PARTNERED CONTENT. Electronica Finsmart Solutions Private Limited, List Of Financial Service Companies In USA, List Of Financial Service Companies In India, List Of Financial Service Companies In Detroit, List Of Financial Service Companies In Atlanta, List Of Financial Service Companies In Houston, List Of Financial Service Companies In San Jose, List Of Financial Service Companies In Dallas, List Of Financial Service Companies In Las Vegas, List Of Financial Service Companies In Miami. Planet42 Car Rental TrustIndex: 5.7/10verified business this is a verified business TRUSTINDEX RATING 5.7 OUT OF 10 INDUSTRY RANKING Not enough reviews to calculate NET PROMOTER SCORE 8 TRUSTINDEX RATING 5.7 OUT OF 10 INDUSTRY RANKING Not enough reviews to calculate NET PROMOTER SCORE 8 Reviews Company details Took a vehicle on one of these deals in 2017. Planet42 | LinkedIn Best of all, a car subscription allows you to get behind the wheel of your own car quickly and begin building good credit immediately by paying your monthly subscription payments on time . I can really recommend this company. Once you do that we'll get back to you within 24 hours with our final decision. Can I become the owner of the car and if so, on what terms? Copyright 2023 CB Information Services, Inc. All rights reserved. Also, the company has delivered 250 cars to customers Mexico last year. Planet42 does not sell cars, they provide a rent-to-buy solution for a vehicle which is purchased from a dealer on your behalf. {{ userNotificationState.getAlertCount('bell') }}. Once you do that we'll get back to you within 24 hours with our final decision. Planet42 - Overview, News & Competitors | ZoomInfo.com We, TechCrunch, are part of the Yahoo family of brands. free lookups / month. Please refer to the link to obtain further information on our privacy policy. 2023 PitchBook. Win whats next. It orchestrates multi-modal trip planning, payment, and fulfillment with one seamless experience. Marten Orgna - CFO & Co-Founder - Planet42 | LinkedIn Thank you for submitting your application!Your unique data is being processed, please wait. 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. Owning a car is more than a symbol of freedom; it is a life-changing asset that unlocks better career, educational and recreational opportunities and brings people closer together. 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. Upon approval, customers can access any new or pre-owned car from its network of over 700 almost 1,000 dealerships. Planet42 is a vehicle rental company offering rent-to-buy services for its clients. CBI websites generally use certain cookies to enable better interactions with. Planet42 rent-to-buy car subscription Struggling to get a car? Thank you for submitting your application! We buy the car and provide it in the form of a car subscription, as well as providing customers with a clear path to ownership. Need a Car on a Budget? Upon approval, customers can access any new or pre-owned car from its network of over 700 almost 1,000 dealerships. Questions to ask when thinking about a car subscription. However, for most of us, buying a car outright with cash is out of the question, and that is where banks are supposed to help people with financing. Rent-to-buy car subscription is an emerging model that gained popularity only recently, but has already proven to be extremely successful in countries like Germany, the UK and the US. 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. 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 Unfortunately, your application was declined.We know circumstances continually change, so you are welcome to apply again in 2 months! Planet42 stood by me throughout this very difficult period I am truly appreciative of their efforts and their humane approach. CB Insights Intelligence Analysts have mentioned Planet42 in 1 CB Insights research brief, most recently on Mar 21, 2022. Looking for a particular Planet42 employee's phone or email? What are the activation fees or deposits involved? The company was founded in 2017 and is based in Johannesburg, South Africa. "The BEST Car Show in Ventura County with classic to unique to cars from movies! Thank you for submitting your application! 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. Investors of Planet42 include Rivonia Road Capital, Naspers, ARS Holdings, Martin Villig, Change Ventures and 8 more. Planet42 headquarters is in South Africa. Planet42s approval algorithms provide a fair, quick, and simple picture of the financial situations of people that have been unfairly passed over by banks. . Naspers's second-hand car trading venture - Moneyweb Car subscription start-up triples business size in a year 1,700 Sq. After 5 years the buy-out price is R5000. We want car ownership to be available to everyone in South Africa who can afford it, not just the fortunate few favoured by the banks. Unfortunately, your application was declined. "Now in our . Founded by Marten Orgna and Eerik Oja, Planet42 targets individuals in emerging markets but has a presence only in Africa. 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. Black Tip Auto | Pretoria - Facebook Planet42 is a Financial Services company and has headquarters in South Africa. Rent-To-Buy - Kent Motors Moove competitors include Autochek, FlexClub, Planet42, and Drover. "We are ran by 100% VOLUNTEERS. Planet42 Reviews | Contact Planet42 - Car Rental - 5.7 TrustIndex 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. Planet42 is democratising mobility by enabling people ignored by banks to get access to a personal vehicle through car subscription service. It rents cars for young people and for drivers of urban mobility apps. For Sale: 29500 Mulholland Hwy, Agoura Hills, CA 91301 $1,600,000 MLS# FR22006801 7 acres on Mulholland Highway near Malibou Lake. The company has bought nearly 3,000 cars in South Africa and plans to . We have partnered with more than 700 dealerships in South Africa. Complete an application at one of the dealerships we have partnered with or online here. You find the car, we buy it for you. Get a preliminary decision in less than 60 seconds! 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. Planet42 has bought cars for more than 3000 South Africans so far. Its that simple. Planet42 buys the car from OPS Cars and rents it to you. Car subscriptions first began as an extension of luxury dealerships trying to hold on to customers, and from there branched out to an app-based model that was supported by a group of new tech startups. This, after it recently raised $30 million of equity and debt from investors like Naspers and Lendable. 26,349. The company is headquartered in Johannesburg, South Africa, with offices inTallinn, Estonia and Mexico City. 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. Get data-driven expert analysis from the CB Insights Intelligence Unit. Planet42, formerly known as CarGet,is a car subscription company that buys used cars from dealerships and rents to customers via a subscription model. 6329 Daylight Drive, Agoura Hills, CA, 91301 Point2 Planet42's products include Car Subscription. Find out more about how we use your personal data in our privacy policy and cookie policy. Unfortunately, your application was declined. The three-year old startup has so far bought and rented cars to over 2,000 customers in South Africa. Insrance paid current retail . Planet42's latest funding round is Series B. It uses a scoring algorithm to process client applications based on the credit bureau, affordability, and alternative data. The secured funds [comprising $6 million equity and $24 million in debt financing] will be used to expand Planet42's car inventory in both South Africa and Mexico, putting the company on track to achieve its ambitious global goal of providing 1 million cars to people facing transport inequality by 2025. Unfortunately, your application was declined.We know circumstances continually change, so you are welcome to apply again in 2 months! Planet42 - Crunchbase Company Profile & Funding Many banks dont offer finance, even to qualified professionals with steady jobs. Turbi is a car-sharing platform. Planet 42: Rent to Own Cars | MyBroadband Forum Overview Top Contacts Similar Company Technology Stack FAQs Planet42 overview Planet42 top contacts Planet42 technology stack Planet42 key technologies used on the website. Is there a limit to the amount that I can drive? (business & personal). 4 Beds. Depending on how you want to use the service, Planet42 could be both of those things. It has purchased 10 000 cars since its . Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces. Planet42 - Email & Phone of top management contacts - EasyLeadz "This year we will have 3 stages of LIVE music, where we try to find the best local musicians to showcase their talents. million verified professionals across 35 million companies. Active, Closed, Last funding round type (e.g. Planet42: Contact Details and Business Profile Company Information Email Format Management Planet42 Information Provider of rent-to-buy automotive services intended to provide long-term vehicles at rent without paying the full financing cost. our sites and services. Moove, a vehicle financing platform for Uber drivers, raises $105M in debt and equity.