Karl Gilbert

Karl Gilbert is CEO and co-founder of telco start-up Raylo.

Raylo launched a new way to get the latest iPhones without being tied to a wasteful bundled phone contract. With a five minute sign-up, a SIM-free phone and full insurance, customers can access the latest technology with monthly payments up to £803 cheaper over 24 months versus the big four mobile networks.

Raylo’s subscription model offers a smarter alternative to the overpriced bundled deals currently offered by mobile networks. Customers make lower monthly payments and return the phone after 24 months when they’re ready for newer technology and a fresh battery. In a traditional phone contract, the full cost of the handset is split over two years, but then it typically sits in a drawer for the rest of its life, or worse, ends up in a landfill.