Planet42

Planet42

Private
JohannesburgMobility, Transportation & Logisticshttps://www.planet42.com/

Last Round

VC Round

Mar 11, 2024

Total Funding Raised

$128.2M

Momentum Score

25 /100

Company Overview

Planet42 is a fintech and automotive company that provides a rent-to-buy car subscription service for individuals who are unable to access traditional bank financing.

Sector

Mobility, Transportation & Logistics

Verticals

Lending & Credit, Subscription Commerce, Credit Scoring

Business Model

B2C

Customer Profile

Subscription SaaS, Payment Processing Fee

AI Layer

Application

Keywords

rent-to-buy carscar subscription servicealternative vehicle financingrisk scoring algorithmalternative credit scoringsubprime auto financevehicle financingunderbanked servicesasset-backed lendingAI credit scoringfinancial inclusionemerging market fintechmobilitydealership network

Historical Pricing

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Caplight Momentum Score

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Planet42 Comps

Public and private peers based on sector, stage, and business model.

CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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Planet42 Funding Rounds

Historical fundraising activity

RoundDateAmount RaisedValuationInvestorsSources
VC RoundMar 11, 2024
DebtMar 11, 2024
Series AFeb 22, 2023
DebtFeb 22, 2023
VC RoundDec 21, 2021
Debt
Dec 3, 2020

Key People

Founding team and executive leadership

Marten Orgna

Chief Capital Officer Co-Founder

Founding Team

Marc Alvey

Chief Executive Officer

Executive Team

Ofentse Molefe

Chief Financial Officer

Executive Team

Planet42 Investors

Notable investors and investment history

InvestorRounds
NaspersVC Round, Series A
Rivonia Road CapitalSeries A, Debt
Startup Wise GuysVC Round
Change VenturesVC Round, Series A, Seed
Standard Bank GroupDebt, VC Round
LendableVC Round, Debt

Market signals

Structured signals derived from secondary market and firmographic data.

  • Jan 6, 2026

    Monthly visitors increased 86% MoM, reaching 10K.

  • Mar 11, 2024

    $2.6M raised in a VC Round.

Planet42 Filings

SEC and related filings with document metadata.

TypedDateAmount OfferedAmount SoldFillingPagesDownload
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Planet42 Filings

SEC and related filings with document metadata.

Frequently Asked Questions

Common questions about Planet42's valuation, stock price, and market status.

Firmographic Details

HeadquartersJohannesburg
Employee Range73
Year Founded2017
Last FundingMar 11, 2024

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