About Raylo
Raylo is a company based in London (United Kingdom) founded in 2006 by Jinden Badesha, Richard Fulton, and Karl Gilbert. It operates as a Product-as-a-Service, and Subscription Services. Raylo has raised $45.34 million across 10 funding rounds from investors including NatWest, Telefónica and Macquarie Group. The company has 69 employees as of September 30, 2024. Raylo offers products and services including Mobile Phone Leasing, Console Leasing, and Computer Leasing. Raylo operates in a competitive market with competitors including AT&T, Telecom Italia, Digicel Group, Virgin Media and SquareTrade, among others.
- Headquarter London, United Kingdom
- Employees 69 as on 30 Sep, 2024
- Founders Jinden Badesha, Richard Fulton, Karl Gilbert
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Sectors
TelecommunicationsFinancial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Raylo Group Limited
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Annual Revenue
$35.43 M (USD)0as on Sep 30, 2024
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Net Profit
$-6.83 M (USD)0as on Sep 30, 2024
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EBITDA
$-6.83 M (USD)0as on Sep 30, 2024
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Total Equity Funding
$45.34 M (USD)
in 10 rounds
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Latest Funding Round
$27.34 M (USD), Debt – Conventional
Jan 27, 2026
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Investors
NatWest
& 14 more
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Employee Count
69
as on Sep 30, 2024
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Products & Services of Raylo
Raylo offers a comprehensive portfolio of products and services, including Mobile Phone Leasing, Console Leasing, and Computer Leasing. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Leasing service for latest mobile phone models.
Leasing service for gaming consoles like PlayStation.
Leasing service for laptops and desktop computers.
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Funding Insights of Raylo
Raylo has successfully raised a total of $45.34M across 10 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $27.34 million completed in January 2026. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 10
- Last Round Debt – Conventional — $27.3M
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First Round
First Round
(20 Jun 2019)
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2026 | Amount | Series C - Raylo | Valuation |
investors |
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| Jan, 2026 | Amount | Debt – Conventional - Raylo | Valuation |
investors |
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| Sep, 2023 | Amount | Series B - Raylo | Valuation | Macquarie Group , Channel 4 Ventures |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Raylo
Raylo has secured backing from 15 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include NatWest, Telefónica and Macquarie Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity investments are directed across multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital investment and support for founders in technology and health sectors.
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Founded Year | Domain | Location | |
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Quilam Capital is engaged in providing growth capital and senior debt solutions.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Raylo
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Raylo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Raylo Comparisons
Competitors of Raylo
Raylo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as AT&T, Telecom Italia, Digicel Group, Virgin Media and SquareTrade, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Mobile internet, TV, and telecommunication services are provided.
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| domain | founded_year | HQ Location |
Integrated telecom service provider
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| domain | founded_year | HQ Location |
Telecommunication services are provided by Digicel Group.
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| domain | founded_year | HQ Location |
Provider of fiber broadband internet and television services for residential & commercial sectors
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| domain | founded_year | HQ Location |
Independent warranties for consumer electronics and appliances are provided.
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| domain | founded_year | HQ Location |
Mobile and internet services are provided to homes and businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Raylo
Frequently Asked Questions about Raylo
When was Raylo founded?
Raylo was founded in 2006 and raised its 1st funding round 13 years after it was founded.
Where is Raylo located?
Raylo is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Raylo?
Karl Gilbert is the current CEO of Raylo. They have also founded this company.
Is Raylo a funded company?
Raylo is a funded company, having raised a total of $45.34M across 10 funding rounds to date. The company's 1st funding round was a Series B of $6.51M, raised on Jun 20, 2019.
How many employees does Raylo have?
As of Sep 30, 2024, the latest employee count at Raylo is 69.
What is the annual revenue of Raylo?
Annual revenue of Raylo is $35.43M as on Sep 30, 2024.
What does Raylo do?
Raylo is involved in providing leasing services for a wide range of technology devices, including mobile phones, gaming consoles, laptops, and wearables. The company operates in the consumer electronics sector, offering flexible monthly subscription plans with options for upgrades and returns. Solutions are designed to be affordable and eco-friendly, with a focus on refurbishing and reusing devices to reduce environmental impact. Services are supported by a commitment to sustainability and customer flexibility.
Who are the top competitors of Raylo?
Raylo's top competitors include AT&T, Telecom Italia and Digicel Group.
What products or services does Raylo offer?
Raylo offers Mobile Phone Leasing, Console Leasing, and Computer Leasing.
Who are Raylo's investors?
Raylo has 15 investors. Key investors include NatWest, Telefónica, Macquarie Group, Invest Northern Ireland, and Channel 4 Ventures.