Access to personal mobility and financial inclusion

In many parts of the world public transportation is inadequate. The unreliable or even dysfunctional transportation systems in these countries are a major obstacle to prosperity, limiting access to employment and educational opportunities. Everyday activities like commuting or taking the kids to school can be needlessly time-consuming and even dangerous.

Personal mobility in the form of a car could make a world of difference in these places. But, due to perceived financial risk, it is usually in those same places that banks fail to provide life-changing vehicle financing to large parts of the population.

This is where Planet42 comes in. Leveraging technology to mitigate risk and promote financial inclusion, we buy second-hand cars from a network of motor dealers and provide them to customerson a subscription basis.

Our technology allows us to approve applications and allow customers to sign up to a car subscription with the car of their choice without the need for Planet42 to physically see the car or meet the customer.