Raylo, a London, UK-based supplier of a tech refurb/subscription platform, raised £110M in Debt funding.
NatWest and Quilam Capital supplied the financing.
The corporate intends to make use of the monetary assets to fund progress and product growth.
Led by Karl Gilbert, CEO, Raylo is a smartphone subscription startup which affords leasing contracts for telephones, tablets, and laptops. On the finish of the time period, customers can apply for a free improve, maintain their gadget or depart Rayo by returning their gadget.
When prospects return their outdated merchandise, they’re refurbished and re-sold in Raylo’s round course of for optimum lifespan and sustainability.
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