Raylo: Raises £6.5m to scale subscription payment platform
- Raylo, the subscription payment platform announces that it has raised £6.5m in additional funding
- The funds will be used to expand data and engineering teams and accelerate the rollout of the Pay subscription payment service
- With the cost of living substantially increasing, there has been a surge in demand for more affordable ways
- The ‘Buy Now, Pay Later (BNPL) space is well known for its ‘Pay in 3’ model
- Enables consumers to access the latest products via a monthly subscription that’s both more economical and sustainable
- Subscriptions are a fundamentally better way to sell any durable product with a regular upgrade cycle
