6 years ago

Raylo Raises £2.9M Seed to Shake Up Mobile Sector with Sustainable Subscriptions

  • British startup Raylo has secured £2.9 million in seed funding to disrupt the mobile sector with its subscription-based model

  • The funding, led by Macquarie Group and Carphone Warehouse co-founder Guy Johnson, will support technology development and UK expansion

  • Raylo offers an alternative to expensive contracts, aiming to reduce e-waste and provide a fairer, more sustainable option for consumers.

      • ProblemTechnology

      "Expensive bundled handset contracts are environmentally unfriendly and don't offer consumers flexibility."

      Solution

      "Raylo offers a SIM-only network contract combined with a low monthly subscription for a SIM-free handset, giving consumers freedom and savings while being kinder to the planet."

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