Raylo Group Limited is a London-based company that operates a smartphone leasing platform, offering a subscription model primarily for iPhones. Founded in 2018, Raylo allows customers to lease both new and refurbished smartphones at a minimal monthly cost. The subscription includes comprehensive insurance that protects against loss, theft, and accidental damage. Additionally, the company facilitates a circular leasing model, enabling users to upgrade to newer phone models by returning their older devices, which are then refurbished and reused. This approach not only provides customers with access to the latest technology without the burden of ownership but also promotes sustainability in the smartphone market.
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