£30.0M
The financing round comprises £10m in equity led by Citibank and £20m in debt from NatWest.
Raylo
Raylo provides subscription payment services for consumer technology products.
£172MTotal raised
Raylo operates a subscription payment platform that provides flexible monthly financing for consumer electronics and other durable goods.
Categories
Founders
Jinden Badesha
Jinden brings product experience from Barclays and Funding Circle UK, alongside his current role as co-founder and chief product officer at Raylo.
LinkedInKG
Karl Gilbert
CEO
Karl is the co-founder and CEO of Raylo. His background includes roles at Deutsche Bank, Funding Circle UK, and Citi.
LinkedIn
Richard Fulton
Richard brings investment banking experience from Goldman Sachs and Citi to his role as co-founder and chief strategy officer at Raylo. He previously founded Tyrian Capital.
LinkedInInvestors
- £30.0M
- £5.2MC4Channel 4Lead
- £110M
- £6.5M
- £8.3M
- £10.0M
- £1.6M
Funding history
£5.2M
The investment round was led by Macquarie and Channel 4 Ventures to support the company platform.
£110M
NatWest and Quilam Capital provided the debt facility to support product expansion and growth.
£6.5M
The funding round was backed by Wayra UK, Octopus Ventures, and Macquarie to support the rollout of Raylo Pay.
£8.3M
The Series A round was led by Octopus Ventures to support team expansion and product development.
£10.0M
The debt facility was led by Avellinia Capital with backing from Clerville Investment Management.
£1.6M
Techstart Ventures and Funding Circle co-founders backed the mobile startup to support its commercial launch.