Planet42, a South African startup that addresses transportation inequality by placing automobiles in the hands of people who cannot access regular bank loans, has acquired US$100 million in combined equity and debt capital to help it accelerate its growth. Launched as CarGet in 2017, Planet42 partners with dealerships across South Africa to offer access to a personal
SA-based vehicle subscription startup Planet42 has raised $100 million (R1.83 billion) in combined debt and equity, intending to use the proceeds to rapidly scale its business and provide one million cars worldwide.
French luxury house Hermès will be paying its 19,700 employees around the globe a €4,000 once-off bonus following a positive year of growth for the company.