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RAYLO
The Raylo mission We're on a mission to change how people get their tech, for good. We put the phones (and more) that people reeeally want within reach. This means people can access the best…
RAYLO
The Raylo mission We're on a mission to change how people get their tech, for good. We put the phones (and more) that people reeeally want within reach. This means people can access the best…
TL;DR
Headquarters: London, UK
Founded: 2019
Business model: Subscription and leasing for smartphones, tablets and laptops with a circular refurb/resale model
Regulation: FCA-authorised for finance offerings
Notable funding: Series A $11.5M (Jul 2021); £110M / $136M package (Jan 2023) including debt
Company Overview
Problem Domain
High upfront cost and environmental waste associated with device ownership; need for affordable, circular access to consumer electronics.
Founded
2019
Industry
Technology, Information and Internet
Funding Track Record
$11.5M
£110M (~$136M)
Funding package combined venture and debt to support growth and platform expansion
Additional convertible note, venture and debt financings reported in 2023–2024
Investor Signal
“Includes venture investors (Octopus Ventures) and substantial debt/financing participation from banks such as NatWest”
