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Raylo upsized its debt facility to £125 million, expanding its partnership with NatWest and Quilam to support sustainable financing in consumer electronics.

Sep 16, 202412 months ago

Amount Raised

£125 Million

London

Investors

QuilamNat West

Description

Raylo has expanded its debt facility with NatWest and Quilam to £125 million, supporting its commitment to sustainability in consumer electronics. The increased facility will enable Raylo to accelerate its growth and expand its range of electronic devices.

Company Information

Company

Raylo

Location

London, England, United Kingdom

About

Our mission is to accelerate the transition to a circular economy. Consumers and retailers will only make that transition if it is cost effective and simple. That's where we come in. Our technology platform enables lease-and-reuse of consumer goods, which makes them more sustainable, accessible and affordable. We’ve started in the UK with consumer electronics, next up is bikes.

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