planet42 Archives - Business Elites Africa

February 18, 2021June 22, 2022Interviews

Planet42: Taking Car Subscriptions for South Africa’s Unbanked to the Next Level

Planet42 is a South Africa-based fintech startup that is making it possible for more people to own vehicles via its tech-driven solution which breaks the barriers created by financial exclusion. This startup is ensuring that people who are not recognised or documented by banks have access to vehicle loans and are able to own their own cars.

December 3, 2020May 28, 2022Startup

Planet42 Raises $10m Debt Round from Lendable to Help the Underbanked Access Personal Vehicles

Planet42, an Estonian car subscription company that helps individuals ignored by banks to get access to a personal vehicle, has announced a $10m raise from US-based Lendable Inc, an institutional debt investor. To date, Planet 42 has bought and delivered over 2,000 second-hand cars in South Africa, its primary market.

September 26, 2020May 29, 2022Fintech, Interviews

Exclusive: How Planet42 Provides Cars for People Who Can’t Access Conventional Vehicle Loans

Planet42 is a South Africa-based fintech company which partners with dealerships across the country to enable access to a personal car for citizens who are unable to get vehicle loans. The company was founded by Eerik Oja and Marten Orgna. It was launched as CarGet in 2017 before rebranding to Planet42.