| Founded | 2017 |
|---|---|
| Closed | 2024 |
| Country | South Africa |
| Sector | Mobility |
| Collapse type | Silent Shutdown |
Planet42
"Estonian founders raised $100M to give underbanked South Africans car subscriptions — then global interest rates destroyed the economics"
Quiet closure with no public announcement
Key Events Timeline
Planet42 built a rent-to-own car subscription service targeting South Africans who could not qualify for traditional auto loans.
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