We assess Raylo's green financing framework as Light green. Raylo is a privately held company founded in 2018 and headquartered in the U.K. The company operates an electronic device (smartphones, laptops, tablets and consoles) leasing platform based on a circular model, which allows customers to lease new and refurbished devices for a monthly fee. As of April 2024, Raylo’s annual recurring revenue amounted to £28 million (about €32.8 million).