The announcement brings the total raised by the company to date to over €40 million
Raylo, an Irish co-founded smartphone subscription company, has raised £6.5 million (€7.6 million) with telecoms giant Telefónica among the backers.
It brings the total raised by the company to date to over €40 million. Raylo operates a leasing platform that allows customers to lease new and refurbished devices, including tablets and laptops, via subscription to make it both more affordable and sustainable.
Founded in 2019 by chief executive Karl Gilbert, Richard Fulton and Jinden Badesha, …