Raylo set to innovate smartphone industry with Northern Ireland centre

Raylo news image

London-based start-up, Raylo, is investing nearly £1million to establish a Customer Services and Credit Control Centre in Belfast. The centre will create 19 new jobs.

The mobile phone provider is taking an innovative approach to mobile phone contracts. It is offering consumers the opportunity to purchase a handset and an airtime contract separately for greater value, freedom and choice.

Raylo is a highly innovative company that has spotted a unique gap in the market. Our support is enabling this ambitious team to progress within the industry, sourcing the creative talent it needs from the Northern Ireland talent pool.

- Susan O'Kane, Eastern Regional Manager, Invest NI

Invest Northern Ireland has offered £95,000 to create the new jobs, four of which are in place. The company has also availed of £40,000 from Techstart seed funding.

Karl Gilbert, co-founder and CEO of Raylo, said: “Our vision is to transform the way the mobile phone industry sells its products. Instead of owning a handset, Raylo customers will lease it for a period of time before returning it to receive the latest model. This reduces costs for the customer and as the phone is recycled, is more environmentally friendly.

It is exciting to bring our business to Belfast, particularly as I am originally from Northern Ireland. Invest NI’s support has been instrumental in our growth plans; our Belfast team will play a key part in our growth plans.

- Karl Gilbert, co-founder and CEO of Raylo

“It is exciting to bring our business to Belfast, particularly as I am originally from Northern Ireland. Invest NI’s support has been instrumental in our growth plans; our Belfast team will play a key part in our growth plans.

Susan O'Kane, Eastern Regional Manager, Invest NI, said, “Raylo is a highly innovative company that has spotted a unique gap in the market. Our support is enabling this ambitious team to progress within the industry, sourcing the creative talent it needs from the Northern Ireland talent pool.

“The jobs created at the company’s new Belfast centre will not only support its innovation and growth plans but also contribute to the Northern Ireland economy with over £471,000 in salaries per year.”

Techstart NI is part-financed by the European Regional Development Fund under the EU Investment for Growth and Jobs Programme 2014-2020.