Milio YC Application

Winter 2023Active

Milio went through Y Combinator in the Winter 2023 batch as a Fintech company. Below: what the company does, who founded it, and its application to YC, reconstructed question by question in the real YC form.

YC batch: Winter 2023
Industry: Fintech
Team size: 16
Status: Active
Launched: 2023

Founders

Toni RieraFounder
Daniel GomezFounder
Juan Luis Perez EFounder

What Milio does

Milio is a fully interoperable and immediate payment system for Colombia through a single API connected to millions of accounts. Milio allows companies to perform payable and receivable in real time without ACH rails. We provide our solution through two Plug and Play integrations: PID payment button: End-to-end, white label, native, non-redirection payment technology for your customers to pay you account-to-account more efficiently than PSE, without heavy and inefficient ACH cycles and fixed rates. Technology: API, SDK, Checkout UI. Immediate disbursement: Single API connection to all banks, allowing any company or person to disburse 24/7, in real-time, with immediate crediting of funds to third parties at any bank or digital wallet. Technology: API, Dashboard UI.

Milio's YC application, reconstructed

Y Combinator application

Milio, Winter 2023 batch. The real form questions, answered from public data.

Founders2
Company7
Progress7
Idea4
Equity3
Curious2
Batch Preference1

Company

Company name

Milio

Describe what your company does in 50 characters or less.

B2B-2C real-time account to account payments

What is your company going to make? Please describe your product and what it does or will do.

We built Milio to enable companies in Colombia to send and receive payments in real-time through a single API that connects to millions of bank accounts and digital wallets. Our product offers two integrations: a white-label PID payment button that lets businesses get paid directly account-to-account, and an immediate disbursement API so companies can pay out funds instantly across banks 24/7 without relying on slow ACH cycles.

Where do you live now, and where would the company be based after YC?

We live in Bogotá, Colombia, and the company is based here. After YC, we plan to continue operating from Bogotá.

Explain your decision regarding location.

We built Milio specifically for the Colombian market, which is fragmented and slow due to reliance on ACH payments. Being based in Bogotá allows us to work closely with local banks, businesses, and regulatory bodies to solve real pain points.

21 more answers in the full application

Founders, Progress, Idea, Equity, Curious, Batch Preference are in the full version. Create a free account to open it in YC Insights, next to every other YC batch.

See full application

Frequently Asked Questions

Is this the real Milio YC application?

No. Y Combinator keeps submitted applications private. This is a reconstruction: the real YC form questions, answered from Milio's public data (launch notes, founder backgrounds, product description). It shows how a company like Milio would present itself to YC, not the text they submitted.