David J. Phillips @davj / 3:00 PM PST • March 3, 2023
Milio launched on Y Combinator’s "Launch YC" this week.
Milio enables any enterprise to automate and orchestrate how it sends, receives, and reconciles payments; automating the associated processes while cutting intermediaries and costs — starting in LatAm.
Founded by Toni Riera, Daniel Gómez, & 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 — building solid foundations for businesses and entrepreneurs to thrive.
HOW IT WORKS
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.
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.
By building bank-to-bank and cash-to-bank proprietary rails to automate payments initiation and processing, the platform offers software solutions and premium financial services to automate and orchestrate payments, domestically and cross-border.
Visit www.miliopay.com to learn more!
The Milio team welcomes feedback & insights related to B2B payments and treasury management — share your thoughts with them!