
FlexClub
OperatingFlexClub is a car subscription platform that is unlocking access to cars for members who want the flexibility to own the car if and when it suits them.
- Financial Services
- Johannesburg, South Africa
- Seed
- Founded 2018
- flexclub.co.za ↗
- Total raised
- $6.2M
- disclosed
- Last round
- $5M
- Seed
- Rounds
- 3
- since 2018
- Investors
- 7
- on record
- Employees
- 11-50
About FlexClub
FlexClub is a car subscription platform that is unlocking access to cars for members who want the flexibility to own the car if and when it suits them. We partner with existing car owners looking to earn passive income from their vehicles, renting their cars out to us so we can serve members looking for a new way to own a car. We’ve thrown away the old rule book to design a subscription that eradicates the traditional debt trap, removes unexpected costs and has no penalties when life changes. We’re stretching further to serve those who were told they’re not “good enough” for the car loan trap. The car loan hasn’t changed much since it’s birth 100 years ago. While the car loan is responsible for more than 1 billion cars on our roads today, billions more people across the world still can’t access the mobility they need to unlock better economic opportunities. As automotive technology improves and cars become more expensive, car loans are becoming longer, way more restrictive and a recipe for financial devastation for consumers globally. We’ve decided to fix that. Our Drive-to-Buy plan has become the most popular subscription on our platform, with thousands of drivers that have applied to become members on this plan over the last year. Here at FlexClub, we’re obsessed with creating better journeys and ours is just beginning.
FlexClub funding3 rounds
All 3 rounds →FlexClub has raised $6.2M across 3 disclosed rounds. The latest is a $5M Seed announced 11 Mar 2021, led by Kindred Ventures.
- $1.2MSeedSeed, $1.2M, $1.2M raised to date
- $5MSeedSeed, $5M, $6.2M raised to date
SLA Funding Index · grey is capital raised before each round · 1 undisclosed round not drawn
Who has invested in FlexClub
| Announced | Round | Lead · investors | Amount |
|---|---|---|---|
| 11 Mar 2021 | FlexClub Seed | Kindred Ventures +6 | $5M |
| 01 Oct 2019 | FlexClub Series A | Not disclosed | Not disclosed |
| 19 Mar 2019 | FlexClub Seed | CRE Venture Capital | $1.2M |
FlexClub founders & team
Full team →- Tinashe RuzaneCEO and Co-founder
- Marlon GallardoCo-Founder
- Rudolf VavruchCo-Founder and CTO
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Frequently asked about FlexClub
- Where is FlexClub based and when was it founded?
- FlexClub is headquartered in Johannesburg, South Africa and was founded in 2018.
- Who founded FlexClub?
- FlexClub was founded by Tinashe Ruzane (CEO and Co-founder), Marlon Gallardo (Co-Founder) and Rudolf Vavruch (Co-Founder and CTO).
- Who is the CEO of FlexClub?
- Tinashe Ruzane is FlexClub's CEO and Co-founder.
- How much funding has FlexClub raised?
- FlexClub has raised $6.2M across 3 disclosed rounds. Its latest, a $5M Seed, was announced on Mar 11, 2021.
- Who has invested in FlexClub?
- Backers include CRE Venture Capital, Endeavor Catalyst, Federico Ranero, Kindred Ventures and 3 others.
- What sector is FlexClub in?
- FlexClub operates in Financial Services, Subscription Service and Fleet Management.