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Planet42

Planet42

Private
JohannesburgFinTechhttps://www.planet42.com/

Last Round

Early Funding

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

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Planet42 Comparables

Compare Planet42 with similar companies based on industry and business-model similarity.

Planet42 comparables — related companies by embedding similarity
CompanySimilarityMarket Cap
FlexClub
81%
movus technologies Inc.
78%
Autonomy
76%

Planet42 Funding Rounds

Historical fundraising activity

Data table
RoundDateAmount RaisedValuationInvestorsSources
Early FundingMar 11, 2024
DebtMar 11, 2024
DebtFeb 22, 2023
VC RoundFeb 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

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Planet42 filings preview — column headings only; records require access
TypeDateAmount OfferedAmount SoldFilingPagesDownload

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Frequently Asked Questions

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

Is Planet42 a public or private company?

Planet42 is a private company.

What is the current stock price of Planet42?

Planet42 is a private company with no public stock price. No recent secondary market data is available.

How much is Planet42 worth (valuation)?

Valuation information for Planet42 is not publicly available.

Can I buy Planet42 stock?

Planet42 shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors. Visit https://www.caplight.com to learn more.

When was Planet42's last funding round?

Planet42's most recent funding round was VC Round on March 11, 2024.

Who are the main investors in Planet42?

Key investors in Planet42 include Naspers, Rivonia Road Capital, Change Ventures, Standard Bank Group, Lendable.

Will Planet42 IPO soon?

No public IPO plans have been announced for Planet42.

How can I track Planet42 secondary market activity?

Caplight tracks bids, offers, and trades for private companies. Visit https://www.caplight.com to monitor Planet42's secondary market activity and sign up for updates.

Firmographic Details

HeadquartersJohannesburg
Employee Range61
Year Founded2017
Last FundingMar 11, 2024

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