Milio
About Milio
Provides a B2B payments and cash management platform that enables real-time fund transfers between cards, supporting instant payouts, automated collections, and cross-border payments through a secure API. Eliminates delays associated with ACH systems by offering 24/7 availability, tokenization, and fraud monitoring, ensuring businesses can manage transactions efficiently at scale.
```xml <problem> Traditional payment systems using methods like ACH can be slow, often taking days to process transactions, and may not be available 24/7. This can cause delays in payouts, collections, and cross-border payments, hindering business efficiency. Existing solutions may also lack the real-time capabilities and security features required for modern payment infrastructures. </problem> <solution> Milio provides a B2B payments and cash management platform that enables real-time fund transfers between cards, supporting instant payouts, automated collections, and cross-border payments through a secure API. The platform allows businesses, financial institutions, and governments to connect to a card-based transfer system for sending and receiving money locally and internationally in real time. Milio's API facilitates disbursement of funds to suppliers, partners, and customers, while also automating collections with one-click payments from any bank. The system offers features such as tokenization and fraud monitoring, ensuring secure and efficient transaction management at scale. </solution> <features> - Real-time fund transfers between cards, available 24/7 - API connectivity for integration with ERP systems and other platforms - Tokenization for secure storage of card details - Fraud monitoring to detect and prevent fraudulent transactions - Automated payouts to vendors, partners, and customers - Instant collections with one-click payment options - Support for cross-border payments - Real-time transaction monitoring and reconciliation - Customizable workflows with multiple authorization levels - RESTful API for initiating, validating, and monitoring transfers </features> <target_audience> Milio targets businesses, financial institutions, fintech companies, and government entities that require real-time, secure, and efficient payment solutions. Specific industries include banking, wallets, corporations, and any organization needing to disburse funds or collect payments. </target_audience> ```
What does Milio do?
Provides a B2B payments and cash management platform that enables real-time fund transfers between cards, supporting instant payouts, automated collections, and cross-border payments through a secure API. Eliminates delays associated with ACH systems by offering 24/7 availability, tokenization, and fraud monitoring, ensuring businesses can manage transactions efficiently at scale.
Where is Milio located?
Milio is based in San Francisco, United States.
When was Milio founded?
Milio was founded in 2022.
How much funding has Milio raised?
Milio has raised 1500000.
Who founded Milio?
Milio was founded by Juan Perez Escobar.
- Juan Perez Escobar - Co-Founder/CEO
- Location
- San Francisco, United States
- Founded
- 2022
- Funding
- 1500000
- Employees
- 15 employees
- Major Investors
- Y Combinator, Rebel Fund, Pretiosum Ventures