Milio
Milio is a fintech company based in Bogotá, Colombia, specializing in real-time payment processing and treasury automation for businesses in Colombia and Latin America.
Services
Milio provides a comprehensive platform for businesses to automate treasury operations and make and receive payments in real time. The platform enables businesses to connect all bank accounts into a single dashboard for efficient tracking and control of money movement. Key features include automated payment dispersion, real-time transaction receipts, and optimized collection flows with direct debits or recurring charges. The platform also supports automated reconciliation of transactions to save time and reduce fraud and chargebacks.
Sub-Industry
Operating within the fintech industry, Milio focuses specifically on the payments subsector. The company's offerings are designed to facilitate seamless payment and collection processes for businesses, ensuring instant payments and collections while moving money through banking rails. Milio provides solutions such as a fully interoperable and immediate payment system for Colombia, including Plug and Play integrations like PID payment button and Immediate disbursement.
Y Combinator Batch
Milio is part of the Y Combinator W23 batch. This inclusion in the prestigious startup accelerator highlights the company's innovative approach in the fintech sector and provides Milio with valuable resources, mentorship, and exposure to potential investors and partners.
Regions of Operation
Milio operates in Colombia and the broader Latin American region, offering flexible working options that include remote and partly remote arrangements. This geographic focus allows the company to cater to both B2B and B2C markets, providing real-time account-to-account payments and fostering financial connectivity across the region.
Team Size
Milio comprises a dedicated team of 16 employees. This small yet efficient team drives the company's mission to provide an advanced fintech platform for businesses to manage their treasury operations effectively, reduce fraud, and automate real-time reconciliation processes.