Milo

Milo is a financial technology company that provides financial solutions for global and crypto consumers. Founded in 2018 and headquartered in New York, the company is privately held and venture capital-backed.

The company was founded by Josip Rupena, who currently serves as the CEO. Since its inception in 2019, Milo has focused on developing innovative financial products for consumers whose wealth is not primarily in US dollars. The firm's first major product was a mortgage solution for foreign nationals, which saw significant growth, processing over $500 million in applications from more than 90 countries. A key milestone was the launch of the first-ever 30-year crypto mortgage in January 2022, which attracted a waitlist of over 7,400 potential applicants.

Milo operates in the fintech and pet technology sectors. Its business model centers on providing mortgage solutions to two main client types: non-US residents seeking to invest in US real estate and individuals with significant cryptocurrency holdings. For foreign nationals, Milo offers a streamlined process to secure mortgages without needing a US credit history. For crypto investors, the company allows them to use their digital assets as collateral for purchasing real estate, bridging the gap between digital wealth and tangible assets.

The company has successfully raised $30.1 million over four funding rounds, including a notable $17 million Series A round in March 2022. This round was led by M13, with participation from existing investors QED Investors and MetaProp. Other investors in the company include Cleo Capital and Human Ventures. The capital is being used to further product development and expand the team to meet the high demand for its crypto mortgage product.

Keywords: crypto mortgage, fintech, financial solutions, real estate financing, foreign national mortgage, digital assets, property investment, mortgage lending, cryptocurrency, venture capital, Josip Rupena, M13, QED Investors, MetaProp, US real estate