Raylo raises £10m in debt finance led by Avellinia Capital to fuel growth
The debt facility was led by Avellinia Capital with backing from Clerville Investment Management.
Raylo provides device subscription infrastructure for electronics brands, combining credit underwriting, financing and lifecycle management. It enables major manufacturers to offer flexible subscription models to consumers and businesses.
Raylo has secured £10m in debt finance to support its ongoing growth and subscriber expansion. The financing round was led by Avellinia Capital alongside participation from Clerville Investment Management.
The capital will enable the firm to scale its operations and build upon its growing certified refurbished device category. Raylo uses an open banking platform rather than traditional credit checks to assess affordability, broadening access to quality handsets.
From the founder
"We believe the days of one-trip ownership are coming to an end. Under Raylo’s circular model, devices will be used by a minimum of two people over a lifespan of six to seven years."
Karl Gilbert
CEO and Co-Founder at Raylo
Use of funds
- 01Scale operations
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About the company
Raylo
Raylo provides subscription infrastructure for leading electronics brands.