$1,250,000 Last Sold Price. 0821234678 Email address Monthly income We have signed up over 800 car dealers across the country, find out the closest to you. Planet42 is democratising mobility by enabling people ignored by banks to get access to a personal vehicle through car subscription service. Total amount raised across all funding rounds, Total number of Crunchbase contacts associated with this organization, Total number of employee profiles an organization has on Crunchbase, Total number of investment firms and individual investors, Total number of organizations similar to the given organization, Descriptive keyword for an Organization (e.g. Breast Ultrasound Screening Coming Direct to You! With your application approved, we buy the car of your choice from the dealership and then rent it to you on a subscription basis. Get data-driven expert analysis from the CB Insights Intelligence Unit. Its that simple. SOLD MAR 7, 2023. Planet42 hasbought more than 12,000 cars for its customers in South Africa and Mexico. If youre looking to get behind the wheel quickly, check them out today! The company raised$100M in a new debt and equity financing round on Feb 22, 2023. And with its algorithms, customers can find out what budget suits them and choose new or pre-owned cars from Planet42s dealership network. 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. Planet42 has raised US$100 million of equity and debt to accelerate global expansion led by Naspers and ARS Holdings with participation from existing and new investors, including Rivonia Road Capital. "100% of our PROFITS go to benefit local charities that are providing services to our Conejo Valley community. 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. You can buy the car from us outright at any point the buy-out price decreases every month. Planet42 headquarters is in South Africa. Planet42 has purchased over 5,000 vehicles in the African country in the last 12 months. 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. Meanwhile you can start looking for your new car. Planet42. You have the option to buy out the car at any time for the buy-out price, which decreases every month. Nearby Recently Sold Homes. Ensure that your company and products are accurately represented on our platform. You can read more about your cookie choices at our privacy policyhere. All information is treated as confidential. The Planet42 team is passionate about democratizing mobility in South Africa. FlexClub has developed an online platform for owners to rent their vehicles to Uber Driver-partners. Need a Car on a Budget? I am really impressed! Up to 5 's Products & Differentiators. Planet42, a South Africa-based car subscription company that buys used cars from dealerships and rents to customers via a subscription model, has raised $100 million in equity and debt from a wide . 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. PARTNERED CONTENT. Also, the company has delivered 250 cars to customers Mexico last year. For starters, getting a rental car usually comes with a very high deposit requirement. The car subscription company champions people "unfairly ignored by banks". Learn more. 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. We've delivered more than 15,000 cars to customers in South Africa who would not have a car without us. Search over 700 Planet42 rent-to-buy car subscription Struggling to get a car? For large custom estate . Planet42 is democratizing mobility by enabling people ignored by banks to get access to a personal vehicle. Planet42 is backed byNaspers Foundry, Naspers, ARS Holdings, Lendable, Rivonia Road Capital, Change Ventures, Startup Wise Guys, Martin Villig (Bolt), Ragnar Sass (Pipedrive), and others. Sign up for a free account. The company uses an automated scoring algorithm to process client applications based on the credit bureau, affordability, and alternative data. Vai.Car offers a digital car rental application service. 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 Ft. 29332 Deep Shadow Dr, Agoura Hills, CA 91301. 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. May 26, 2021. Show Check dealership list by province LoadingLoadingLoading Loading Loading loading.loading.loading LoadingLoadingLoading Loading Loading loading.loading.loading LoadingLoadingLoading Loading Loading Conejo Creek North, 1379 E. Janss Road, Thousand Oaks, CA. 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. Looking for a particular Planet42 employee's phone or email? So I have a client we insure. site you are consenting to these choices. It orchestrates multi-modal trip planning, payment, and fulfillment with one seamless experience. The three-year old startup has so far bought and rented cars to over 2,000 customers in South Africa. After 5 years the buy-out price is R5000. 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. 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. our sites and services. Upon approval, customers can access any new or pre-owned car from its network of over 700 almost 1,000 dealerships. Even though the founders are originally from Estonia, Planet42 is very much a South African business. With the onset of the Covid-19 pandemic, consumer habits have gravitated towards flexibility and convenience, which is why the subscription model has become widely adopted by car manufacturers and tech startups. Planet42's latest funding round is Series B. This is because nearly all rental agreements have a very limited daily kilometre allowance, after which the driver begins racking up fees. 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. The South African Automotive Industry: Which Car is Made in South Africa? free lookups / month. Planet42's headquarters is located at Johannesburg. 4 Beds. Planet42 claimed to have distributed more than 7,000 cars to customers in South Africa. 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. The applicant authorizes Planet42 to share payment behaviour with any credit agency. 2 Baths. Planet42 is included in 1 Expert Collection, including Fintech. 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. 3,783 talking about this. We buy cars from South African dealerships, for South African people. 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. 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. 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. First name Last name ID number Phone number Phone number e.g. {{ userNotificationState.getAlertCount('bell') }}. 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. . Gauteng, NA - South Africa, South Africa. The company was founded in 2017 and is based in Johannesburg, South Africa. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. Car subscriptions are more flexible. Gauteng, NA - South Africa, South Africa 51-100 Debt Financing Private planet42.com 4,667 Highlights Total Funding Amount $150.4M Contacts 8 Employee Profiles 4 Investors 11 Similar Companies 9 Seed ARS Holdings Find More Contacts for Planet42 Grant Wing COO In addition, bank finance comes with many hidden fees that make the contract more expensive than the headline interest rate implies. Unfortunately, your application was declined. Nearby homes similar to 2306 Terrace Ln have recently sold between $485K to $5M at an average of $580 per square foot. Rivonia Road Capital Provides $75M to Naspers-Backed Global Car Subscription Fintech Planet42, Planet42Receives $75M in Debt Financing and Equity investment from Rivonia Road Capital, Planet42 Receives $75M in Debt Financing and Equity investment from Rivonia Road Capital, Rent-to-Buy Firm Planet42 Gets $100M to Grow in South Africa, Open Shop in Mexico, South African Vehicle Rental Startup Planet42 Raises $100M For Its Car Renting Business. Planet42 key technologies used on the website. 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. By continuing to use this site you are consenting to these choices. The market value for this residential property was estimated at $859,575. Active, Closed, Last funding round type (e.g. Planet42 provides a mobility finance platform offering customers access to personal vehicles. Also, the company has delivered 250 cars to customers Mexico last year. It is now betting on scaling operations and possibly expanding to other emerging markets . You have the option to buy out the car at any time for the buy-out price, which decreases every month. Can I become the owner of the car and if so, on what terms? Not everyone will be able to put down more than R10 000 on a credit card to get access to a rental car. 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. Get contact details including emails and phone numbers It [] Dec 21, 2021 techcrunch.com Get the full list, Morningstar Institutional Equity Research, Chief Operating Officer & Managing Director. 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. Planet42 is a completely new way to become a car owner. PitchBooks non-financial metrics help you gauge a companys traction and growth using web presence and social reach. Once you sign the contract and get your car, you make one monthly payment to us, which includes insurance and a tracker device. 362.48 HOURS About Planet42: Access to mobility for the underbanked. A more fundamental issue is that if you do any significant mileage, then the renting model becomes much more expensive than a car subscription. In contrast, car subscriptions usually have insurance included in the monthly subscription payment. Planet42 claimed to have distributed more than 7,000 cars to customers in South Africa. 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. 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. Complete an application at one of the dealerships we have partnered with or online here. 2023 PitchBook. Planet42 is democratising mobility by enabling people unfairly ignored by banks to get access to a personal vehicle with its socially inclusive car subscription. But it would be more accurate to describe Planet42 as a new form of car subscription that has the mission of democratizing mobility at its core. Planet42 specialises in financial services. Aside from hefty contract origination charges, these hidden fees also include comprehensive insurance, which the customer cannot opt out of. Planet42 stood by me throughout this very difficult period I am truly appreciative of their efforts and their humane approach. Copyright 2023 CB Information Services, Inc. All rights reserved. Moove competitors include Autochek, FlexClub, Planet42, and Drover. Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces. We, TechCrunch, are part of the Yahoo family of brands. In 2022-2023, property taxes for 6329 Daylight Dr, Agoura Hills, CA 91301 were $9,387. Planet42 uses proprietary scoring algorithms to assess risk in underbanked customer segments. Just find the used car thats perfect for you and contact the dealership. . Agreement amount was R512 000. Once you do that we'll get back to you within 24 hours with our final decision. Car subscriptions started in 2010, when a car dealership in Hawaii started offering a service that allowed customers to pay a monthly fee in exchange for a high degree of flexibility and support in driving a personal vehicle. Customer care contact hours : Monday Friday 09:00 17:30. SaaS, Android, Cloud Computing, Medical Device), Operating Status of Organization e.g. 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? Thank you for submitting your application! The company is headquartered in Johannesburg, South Africa, with offices inTallinn, Estonia and Mexico City. Investors of Planet42 include Rivonia Road Capital, Naspers, ARS Holdings, Martin Villig, Change Ventures and 8 more. Competitors of Planet42 include Kovi and 3 more. The applicant confirms that the information supplied is correct. Is it possible to switch or swap out cars if I want. My approval was fast and payments affordable. Many banks dont offer finance, even to qualified professionals with steady jobs. Have the freedom of driving a car with Planet42 rent-to-buy car subscription Apply for a car Rent to Buy Application Get a preliminary decision in less than 60 seconds! Planet42 Managing Director Grant Wing (Image source: Planet42) According to Mordor Intelligence's Car Rental Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027) report, the global car rental market was worth $119.28 billion in 2021 and is expected to reach $223.07 billion by 2027 with a cumulative annual growth rate . Planet42 is primarily a South African company. Planet42 has 12 employees. 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. Planet42, formerly known as CarGet,is a car subscription company that buys used cars from dealerships and rents to customers via a subscription model. Determining the Best Car for Your Budget, Customer care contact hours : Monday Friday 09:00 17:30. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. Once you do that we'll get back to you within 24 hours with our final decision. Planet42 has purchased over 5,000 vehicles in the African country in the last 12 months. $150.2M over 7 Rounds (Latest Funding Type: Debt Financing), https://www.linkedin.com/in/grant-mark-wing/. 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. Planet42 is democratising mobility by enabling people ignored by banks to get access to a personal vehicle through car subscription service. Planet42 is democratising access to mobility by offering car subscription for people unfairly ignored Planet42 Turbi is a car-sharing platform. 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. Most of our employees are South African. Please refer to the link to obtain further information on our privacy policy. Planet42 is a Financial Services company and has headquarters in South Africa. Planet42 is in financial services sector. You can change your choices at any time by clicking on the 'Privacy dashboard' links on our sites and apps. What are the activation fees or deposits involved? 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. I can really recommend this company. Is insurance and maintenance included in the subscription? 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. 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. 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. It uses a scoring algorithm to process client applications based on the credit bureau, affordability, and alternative data. 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) . (business & personal). South Africa is playing catch-up, and there is still a lot of confusion about what exactly a car subscription entails. The deposit for a car subscription is usually much more affordable. 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. Thank you for submitting your application!Your unique data is being processed, please wait. From Rotary Club of Thousand Oaks: "This year the event is May 7th, 2023 from 12-5pm with the VIP Hour from 11am to 12pm. Rent to Own Cars is for You, What Car Can I Afford? Moove, a vehicle financing platform for Uber drivers, raises $105M in debt and equity. Wrote the vehicle off revently. Planet42s approval algorithms provide a fair, quick, and simple picture of the financial situations of people that have been unfairly passed over by banks. Quality Pre -Owned Vehicles Trade Ins welcome We offer Finance at all major Banks including varie 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 Moove Africa is an Integrated Mobility platform designed to enable all transport services, and service providers to interoperate. Insrance paid current retail . Planet42 buys the car from OPS Cars and rents it to you. Then theyll submit the application on your behalf. . Planet42 has bought cars for more than 3000 South Africans so far. Unfortunately, your application was declined. 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. 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. 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 . A car subscription may sound similar to bank finance, but there are important differences. Find out more about what drives us to democratise mobility. If you do not want us and our partners to use cookies and personal data for these additional purposes, click 'Reject all'. Check the section to learn more about which tools and technologies are used by Planet42 and how much is Planet42 oriented towards technology. SOLD APR 12, 2023. All you have to do is choose the one you like. PAIA policy; Corporate About us and contact; List of Dealers; Press All rights reserved. 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. 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. Find out more about how we use your personal data in our privacy policy and cookie policy. Took a vehicle on one of these deals in 2017. Unfortunately, your application was declined.We know circumstances continually change, so you are welcome to apply again in 2 months! CBI websites generally use certain cookies to enable better interactions with. Upon approval, customers can access any new or pre-owned car from its network of over 700 almost 1,000 dealerships. Planet42 has 12 employees. You can read more about your. 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. million verified professionals across 35 million companies. Location. The investment which co-founder and CEO Eerik Oja called a bridge round is a prequel to a larger Series A round next year. You drive the car and make monthly payments to Planet42, but OPS Cars facilitates the whole process for you. #2. How Planet42 works differently than most car subscriptions. You find the car, we buy it for you. Get a preliminary decision in less than 60 seconds! 1,700 Sq. . CBI websites generally use certain cookies to enable better interactions with our sites and services. 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 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.