# Milio

> Milio (YC W23) is a Colombian fintech building real-time, account-to-account payment infrastructure for Latin America. Through a single API, banks, fintechs, and enterprises can move money between accounts in seconds - handling collections, disbursements, cross-border transfers, and treasury automation while cutting transaction costs by up to 80%.

- **Founded:** 2022
- **Headquarters:** Bogota, Colombia
- **Founders:** Juan Luis Perez Escobar (Co-founder & CEO (also cited as COO); lawyer by training), Daniel Gomez (Co-founder & Chief Product Officer / Product Strategist), Toni Riera (Founding team; fintech operator (10+ years scaling fintechs)), Erwin Alzate (CFO)
- **Team size:** ~16-20 employees
- **Products:** Interoperable B2B Payment Checkout (PID Payment Button), Immediate Disbursement API, Cross-border transfers, Dispersion & automatic debit, Cash In & Cash Out
- **Notable:** Accepted into Y Combinator Winter 2023 batch, Positioned as the first interoperable, automated B2B payments platform in Colombia, Claims 10,000+ transactions per second and 99.99% network stability

## Products & services

- **Interoperable B2B Payment Checkout (PID Payment Button)** — White-label, native account-to-account checkout for B2B and B2C collections - one-click payment, instant settlement, and real-time reconciliation, built to avoid duplicate GMF tax charges.
- **Immediate Disbursement API** — 24/7 API for real-time fund transfers and payouts across banks and digital wallets.
- **Cross-border transfers** — Real-time international transfers with full traceability and sub-minute fund availability.
- **Dispersion & automatic debit** — Automated batch fund distribution and recurring/variable payment collection integrated with legacy ERPs.
- **Cash In & Cash Out** — Immediate liquidity for digital wallets via debit and credit cards.
- **P2P transfers** — Person-to-person account-to-account payment capability.

## Achievements

- Accepted into Y Combinator Winter 2023 batch
- Positioned as the first interoperable, automated B2B payments platform in Colombia
- Claims 10,000+ transactions per second and 99.99% network stability
- Sub-minute fund availability with 24/7 uptime
- Reports reducing transaction costs by up to 80%

## Latest updates

- **2023-01** — Milio joins Y Combinator's Winter 2023 batch.
- **2023-09** — Launches in Colombia as the first interoperable, automated B2B payments platform; closes seed funding.
- **2024-01** — Expands product line to cross-border transfers, cash in/out, dispersion and automatic debit.

## Links

- Website: https://milio.com.co
- LinkedIn: https://www.linkedin.com/company/miliopay
- Instagram: https://www.instagram.com/miliopay/
- Facebook: https://www.facebook.com/profile.php?id=100090586851405

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Profile page: https://yespress.io/milio-yc-w23
Published by YesPress — https://yespress.io
Last updated: 2026-07-30