Karl Gilbert, Jinden Badesha and Richard Fulton
Co-Founder & CEO, Raylo

Meet the founder

When it comes to early stage ventures, founder-market fit is of paramount importance. Raylo co-founders Karl Gilbert, Jinden Badesha and Richard Fulton are, quite simply, the ideal people for the job. With a proven track record of building high-quality fintech products, managing complex operations and executing large-scale capital market transactions, they’re perfectly positioned to carry out Raylo’s mission of bringing personal tech into the circular economy. By challenging the conventional ownership model, Raylo is not just able to offer consumers low prices on high tech – its proprietary credit model, and RayloPay product, allows the business to offer the same circular model to other retailers.

Why we invested

We’re committed to supporting companies that drive financial inclusion and sustainability. Raylo’s simple solution, offering consumers access to premium new or Raylo Certified Refurbished electronics on a monthly subscription, doesn’t just offer better value – it extends the devices’ use. At the same time, Raylo’s proprietary credit model draws on alternative data sources to expand the addressable market to include the customers most in need of affordable access to a great smartphone. When we met Karl, Jinden, Richard and the Raylo team, they’d already achieved significant growth – and we knew we wanted to support them as it continued.

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