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Planet42

Planet42

Private
JohannesburgFinTechhttps://www.planet42.com/

Last Round

Debt

Mar 11, 2024

Total Funding Raised

$126.6M

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

FinTech

Verticals

Lending & Credit, Credit Scoring, Subscription Commerce, Fleet Management

Business Model

B2C

Customer Profile

Subscription SaaS

AI Layer

Application

Keywords

rent-to-buycar subscriptionvehicle financingalternative credit scoringunderbankedsubprime auto loansmobility fintechautomated underwritingbuy now pay laterBNPLemerging marketssubscription commercefleet managementbad credit car loans

Historical Pricing

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Caplight Momentum Score

Proprietary index based on bid/ask volume and sentiment.

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Planet42 Comps

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

Planet42 comps — public and private peers by 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

Data table
RoundDateAmount RaisedValuationInvestorsSources
DebtMar 11, 2024
Early FundingMar 11, 2024
VC RoundFeb 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

Planet42 investors
InvestorRounds
NaspersVC Round
Rivonia Road CapitalVC Round, Debt
Startup Wise GuysVC Round, Seed, Accelerator
Change VenturesVC Round, Seed
Standard Bank GroupDebt, Early Funding
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.

Data table
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 Range67
Year Founded2017
Last FundingMar 11, 2024

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