3 years ago

Raylo Raises £6.5 Million for Tech Subscription Platform

  • Raylo, a London-based tech subscription platform, has secured £6.5 million in funding led by Wayra UK

  • The company offers an alternative way to purchase tech hardware by allowing consumers to lease devices for a monthly fee

  • The investment will be used to scale up Raylo's platform and expand its reach

  • The funding round also included participation from existing investors Octopus Ventures and Macquarie.

      • ProblemTechnology

      "Consumers face high upfront costs for tech hardware and are often locked into inflexible ownership models."

      Solution

      "Raylo provides a subscription-based model for tech hardware, allowing consumers to lease devices for a monthly fee and upgrade, renew, or return at the end of their term."

      Covered on