See other companies on Welcome to the Jungle
Raylo
Mobile, laptop & tablet subscription service
- 21-100 employees
- B2C
- Marketplace
- Sustainability
- Consumer Goods
- London, UK
Jump to section
Company mission
Raylo's mission is to change how people access their tech for good. We're accelerating the move to a circular economy.
Our take
As a society, a disposable phone culture has developed which is both expensive and harmful to the environment, but Raylo is offering a more sustainable alternative. Through its platform, consumers can lease new and refurbished devices like phones and laptops, paying a monthly fee for the length of the contract.
Raylo sets itself apart through low monthly charges. This is significant as, despite consumers’ increasing reliance on electronic devices, research from Ofcom indicated many consumers struggle with the affordability of mobile phones. The circularity which Raylo's premise is built on is also essential, to reduce the overproduction of devices and the resulting waste as the world shifts towards more sustainable practices.
In 2022, Raylo cemented its status as an actor for good with its recognition as a B-Corporation. The company has also netted considerable funds recently, that will enable it to expand operations, with plans to grow its direct-to-consumer channel as well as checkout integration for merchants.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- 33 days annual leave (25 days, + an extra 8 days to choose the days that mean most to you)
- Hybrid working environment
- Free sustainable breakfast and snacks, every day you’re in the office
- Perkbox membership - hundreds of perks and discounts to support physical, financial and mental wellbeing
- A laptop and a Raylo phone
- Career progression opportunities and leadership training
- Opportunities to attend industry events and conferences
- Fun (yet optional) quarterly socials, plus summer and Christmas parties
- Workplace Nursery Scheme
- Udemy Business corporate subscription - access to 15,000+ courses covering business, tech, and wellness skills
- Enhanced Parental Leave Policies - Primary caregiver leave (26 weeks full pay), Secondary caregiver leave (4 weeks full pay)
Company values
- We are an organically collaborative and dynamic team.
- We embrace innovation, seek out challenges and always aim for excellence.
- We take intelligent risks, celebrate our wins, and learn from our mistakes.
- We help each other by listening, challenging thought and continually improving.
- We live our mission, walk in our customers’ shoes, focus and execute, and are a curious and gritty bunch.
Funding (last 2 of 7 rounds)
Sep 2023
$6.6m
EARLY VC
Jan 2023
$69.7m
EARLY VC
Total funding: $110.9m
This company has top investors
Leadership
Jinden Badesha
(CPO)Previously worked for 4 years at Funding Circle UK, holding various positions such as Product Manager, Head of Product and Investor Experience.
Karl Gilbert
(CEO)Previously Portfolio Manager at Gelber Group LLC for 1 year and VP, Capital Markets at Funding Circle UK for 1 year.
Richard Fulton
(CSO)Previously Regional Head of Investor Solutions at Citi for 1 year and Regional Head of Investor Products at Goldman Sachs for 6 years.
Articles
