Irish co-founded smartphone business Raylo secures €125m to expand
The company’s platform allows customers to lease devices including smartphones, tablets and laptops
Raylo, an Irish co-founded smartphone subscription company, whose backers include Telefónica, has agreed a new £110 million (€125 million) debt financing facility from NatWest bank and Quilam Capital..
Founded in 2019 by chief executive Karl Gilbert, Richard Fulton and Jinden Badesha, the London-headquartered company has a customer services and credit control centre in Gilbert's home town of Belfast.
Raylo operates a leasing platform that allows customers to lease new and refurbished devices, including smartphones, tablets and ...