Milo Launches Crypto Lending

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Consumers in California and Florida Can Now Leverage Their Digital Assets to Access Instant Crypto Loans Right Now

MIAMI, Jan. 24, 2023 /PRNewswire/ — Milo, a fintech company reinventing how crypto and global consumers access financial solutions, today announced the launch of its new crypto lending product. This launch means digital asset holders will now have the ability to use their cryptocurrency as collateral to access loans, ranging in value from $10,000 to $200,000 and more on a case-by-case basis.

Customers who own cryptos (BTC, ETH, and USDC) can pledge these digital assets and borrow US dollars. To get started, customers will simply complete a short loan application and send collateral to a trusted qualified custodian for cold storage. Milo customers will be subscribed based on alternative data, allowing more people to qualify. The crypto loans offered by Milo can be used for many purposes and be disbursed within hours once compliance is approved.

Milo is launching a new crypto lending product for digital asset holders to access US dollar loans backed by crypto assets.

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Milo has been developing this product since 2022 and expects it to be available to most candidates in Q1 2023. The company has a long waitlist where customers will be granted early access to qualify for loans. Milo plans to initially launch its services for borrowers in California and Florida with plans to expand to other states in 2023.

“Crypto loans are an essential financial solution when consumers want to hold on to their crypto for the long term but need dollars today,” said Josip Rupena, CEO and Founder of Milo. “Last year Milo launched an innovative crypto mortgage and with everything going on in the ecosystem, we felt it was important to help our customers today by making it easier for them to take out a loan. backed by crypto. Many companies have filed for bankruptcy because they took extreme levels of risk and that’s not our philosophy. Simple, safe and transparent, that’s what we want to offer.

The company’s other crypto offering for real estate, launched last year, has already generated more than $10 million in crypto mortgages and no clients have faced a margin call. Milo is also the originator of over $130 million in mortgages and has been regulated, licensed, and audited since 2020. Milo’s team brings decades of experience and institutional capital to create trusted crypto lending solutions . To learn more about the product and join the waitlist, visit https://www.milo.io/crypto-loan.

About Milo: Milo is a fintech company challenging the conditions that hold back the future of the ambitious by reimagining financial solutions. As the leading crypto mortgage company, Milo provides global and crypto consumers with access to mortgages, loans, and investments through a seamless online application. By building a proprietary technology stack from the ground up and employing a world-class team, the company has enabled millions of dollars in US home loans. Milo investors include M13, QED Investors, Metaprop and 10X Capital. For more information, visit www.milo.io.

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