Planet42

Planet42
Loans Originated Total volume of loans issued by this company to borrowers since its founding.
€ 38 M
Loan portfolio Loans issued by the lending company to borrowers at the time of the most recent financial statement that are current or less than 60 days late.
€ 30 M
Buyback obligation A credit enhancement given by the lending company or other entity to the Issuer for a particular Set of Notes. If an underlying loan is more than 60 days late, the lending company is obligated to buy back the investment at nominal value plus accrued, outstanding or late interest. Usually, this means investors will be able to recover their investment in case of a borrower default.
With a buyback obligation
Skin in the Game To ensure the interests of a lending company and investors are aligned, the company is required to keep a stake of each investment opportunity it offers through Mintos. This is called the company's skin in the game.
10%
Average Interest % The weighted average interest rate of investment opportunities from this lending company.
14.9%
Website:
Founded:
2017
Employees:
60
Joined Mintos:
18.02.2022
Loan Types: The type of linked assets the lending company has issued.
Car loan Car loan
Car rental Car rental
Countries: Countries in which the linked assets were issued by the lending or rental company.
Currencies: Currencies in which investment opportunities from the company are offered.
EUR
Annual percentage rate charged to borrowers:
30%-110%
Outstanding investments: Total volume of outstanding and available investments from this company on Mintos. Updated daily.
9 851 968

About

Founded in 2017, Planet42 is promoting transport equality by putting cars in the hands of people unfairly ignored by banks in Mexico and South Africa. It offers a rent-to-buy subscription service, providing a path to car ownership for people who otherwise wouldn’t be able to have a car. Planet42 is making a social impact in many places where mobility is an issue, helping people move around South Africa quicker and safer. It works with hundreds of car dealerships across South Africa, meaning its clients have a diverse offering to choose from. It has been certified as a CarbonNeutral® company since 2021 by Natural Capital Partners, the leading experts on carbon neutrality and climate finance.

Last Updated: 17.02.2022

Last Updated: 21.07.2022

Last Updated: 17.02.2022