The investment round was led by Macquarie and Channel 4 Ventures to support the company platform.
"We are delighted to be supporting Raylo with its ambition to become a leading circular economy platform. The Raylo team has shown impressive traction in building a new consumer electronics proposition that is beneficial for both customers and the planet; and the launch of newer products, such as Raylo Pay and Raylo Insurance, demonstrate the company’s innovativeness and commitment to building a great customer experience. Our investment will enable Raylo to build awareness of its proposition throughout the UK and help it on its journey in becoming a household name."
The funding round was led by IAG SilverStrip to support business growth and future acquisitions.
"Today’s financing is a clear market validation of Zopa Bank’s financial performance, pointing to strong investor confidence in its growth and in its ability to deliver strong financial performance despite the economic uncertainty. As a profitable business, it is also a seal of approval for our responsible and sustainable business model, our strong unit economics, and our vision to build Britain’s best bank. We are happy to have investors who share our excitement at the opportunity to serve more customers across more product categories as we get even closer to reaching full-year profitability in 2023 for the first time."
The seed round was co-led by Chalfen Ventures and LocalGlobe to fund further product development.
"Since announcing Translucent in March we have been delighted by the volume of interest we have received. This fundraising allows us to further build out our platform and solve the accounting and finance problems faced by multi-entity businesses."
The pre-seed round was led by Target Global with backing from angel investors and creative partners.
"We believe everyone has the ability to take control of their money and build a buffer against the world, so long as they’re given the right conditions, tools and support to do so. We created Communion for people to fix their relationship with money and live life with more autonomy and less fear."
The pre-seed round was backed by investors from the UK, US, Middle East, and Singapore.
"This is a very exciting time for our business. We are creating a gateway that allows our clients to invest in top performing funds without compromising their values. Our platform democratises access to private markets that were previously only available to the select few, via a seamless digital journey accessible from anywhere in the world."
