Milio

Milio is a Colombian fintech startup focused on enhancing B2B payments infrastructure in emerging markets, particularly in Latin America. The company provides a fully interoperable payment system for Colombia through a single API, connecting millions of bank accounts. Milio's platform facilitates real-time, account-to-account domestic and cross-border payments that are faster and more cost-effective than traditional methods. Milio's core offerings include a real-time B2B payments infrastructure that integrates with existing ERP systems, enabling automated transaction initiation and treasury workflow automation. The platform also features a checkout experience tailored for B2B commerce, allowing one-click real-time payments that can significantly increase conversion rates. By addressing the inefficiencies and high costs associated with legacy payment systems, Milio aims to empower local enterprises and entrepreneurs in Latin America, contributing to the region's economic development. The company is part of Y Combinator's Winter 2023 batch, benefiting from the accelerator's support for innovative technology startups.