Milio launches 🚀 B2B payments automation and reconciliation software for emerging markets

‎^{David J. Phillips @davj / 3:00 PM PST • March 3, 2023}

Milio launched on Y Combinator’s "Launch YC" this week.

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‍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

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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.

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.

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 — share your thoughts with them!