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āDavid J. PhillipsĀ @davjĀ / 3:00 PM PST ā¢ March 3, 2023
Milio launched on Y Combinatorās "Launch YC" this week.
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āMilioĀ enables any enterprise to automate and orchestrate how it sends, receives, and reconciles payments; automating the associated processes while cutting intermediaries and costs ā starting in LatAm.
Founded by Toni Riera,Ā Daniel GĆ³mez,Ā & Juan Luis Perez Escobar, they started Milio to help local enterprises access premium financial services and exchange money more easily, with a vision of helping any economy reach it's maximum potential ā building solid foundations for businesses and entrepreneurs to thrive.
HOW IT WORKS
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Milio connects to the largest ERPs and ledger softwares, pays, enables payment initiation for receivables and reconciles in minutes; automating manual and lengthy processes while cutting intermediaries and costs.
It automates the approval, fraud detection and spend management flows; and enables real time reconciliation for each payment, processed from and to any bank without having to switch to a specific wallet.
![](https://cdn.prod.website-files.com/61d7d4dc76fa4b0563492a83/640277efcab5ce9bb9365257_dqcmwwzvfo.png)
The platform allows faster money movements, real-time access to data and treasury automation through efficient workflows, seamless bank and cash collection integrations and AI-driven recommendations to enable better financial and treasury decisions.
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By buildingĀ bank-to-bank and cash-to-bank proprietary railsĀ to automate payments initiation and processing, the platform offersĀ software solutions andĀ premium financial services to automate and orchestrate payments, domestically and cross-border.
LEARN MORE
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Visit www.miliopay.com to learn more!
The Milio team welcomes feedback & insights related to B2B payments and treasury management ā share your thoughts with them!