Raylo 🇬🇧
Raylo offers a subscription service for electronic devices, allowing customers to access technology on a flexible payment plan.
About Raylo
Raylo offers a subscription service for a wide range of electronic devices, including phones, laptops, tablets, and gaming consoles, allowing customers to access technology on a flexible payment plan. The platform emphasizes sustainability through a refurb and reuse approach, aiming to support a circular economy by making devices more affordable and accessible.
Raylo is a UK-based company founded in 2018, now around 129 people. It has raised $244.9M in disclosed funding, starting with a Pre-seed in 2019. FundFinder classes it as Fintech.
Founded by Karl Gilbert (Co-Founder & CEO; previously Barclays Investment Bank, Citi; Durham University), Richard Fulton (Co-Founder; repeat founder; previously Citi, Goldman Sachs; London School of Economics and Political Science), Jinden Badesha (Co-Founder & Chief Product Officer; previously Barclaycard, Barclays; Ghent University).
Company facts from Harmonic and public filings; team backgrounds from public profiles. Refreshed weekly.
Series B · Jan 2026
- Houghton Street Ventures — Houghton Street Ventures focuses on investing in the best of the alumni, students and faculty of the London School of Economics and Political Science. · cheques £100k – £200k
- TechStart — TechStart are a Pre-seed & Seed fund focused on Scotland and Northern Ireland. · cheques £50k – £750k
Funding history
● rounds tracked in this directory · ○ earlier rounds web-verified from public announcements. Amounts as announced; undisclosed rounds omitted.