Business Day Spotlight
PODCAST | Subscription transport and its potential in SA
Our host Mudiwa Gavaza is joined by Tinashe Ruzane, co-founder and CEO of FlexClub
Subscribing for a car instead of owning or leasing it is the focus of this edition of the Business Day Spotlight.
Our host Mudiwa Gavaza is joined by Tinashe Ruzane, co-founder and CEO of FlexClub.
Founded in 2018, FlexClub is a technology-backed start-up that allows people to subscribe for a car, as opposed to renting, leasing or owning.
Ruzane says this model is a hybrid between renting and leasing.
Join the discussion:
Ruzane details the company’s evolution from catering to Uber drivers at its founding, to now having more than 90% of customers being consumers. In addition, he explains how Covid-19 and the lockdowns shifted the consumer’s mindset about vehicle financing.
Topics of discussion include: FlexClub’s business model, the rationale behind people subscribing to a car, shifting consumer behaviour, challenges of car ownership and financing for consumers, the technology behind the platform, and an outlook for the business.
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• Business Day Spotlight is a MultimediaLIVE production.