Company Information

Get to know Planet42

Founded in 2017 in Estonia, Planet42 aims to democratize mobility by offering a car subscription service to individuals who are often overlooked by traditional banking institutions. The company uses a proprietary, data-driven scoring algorithm to assess risk and approve customers who would otherwise be excluded from financing. Customers can choose a new or used car from a network of partner dealerships, and Planet42 buys the car and rents it to the customer on a subscription basis, which includes comprehensive insurance, tracking, and servicing. This model provides a path to car ownership for a historically underserved market segment.

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Planet42

South Africa

Founded in

2017 (9 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Markets.com

(327 reviews)

United States

2008

(18 years)

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.