Rent-to-Buy Firm Planet42 Gets $100M to Grow in South Africa, Open Shop in Mexico
This is the second time that Naspers has bought equity in Planet42. The mobility startup has already deployed a fleet of about 15,000 vehicles to low-income earners. - Bloomberg Creative Photos
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Rent-to-Buy Firm Planet42 Gets $100M to Grow in South Africa, Open Shop in Mexico

The startup, which mainly operates in South Africa, will use the funds for growth within the country and further expansion in Mexico, Planet42 CEO Eerik Oja

Naspers Ltd., an early investor in China’s Tencent and still its largest shareholder, is backing rent-to-buy car firm Planet42 in a $100 million debt and equity fund-raising.

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