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To build a digital bank to provide financial solutions for global and crypto consumers.
-3% employee growth in 12 months
Originally built as a way for international owners of US property to transfer money, Milo Credit has expanded in recent years to focus on transferring crypto into real-life assets to accommodate international property owners. A former financial analyst at Goldman Sachs, Josip Rupena spent a decade working in finance before he founded Milo Credit in 2018, inspired by his youth as a second-generation immigrant in Florida.
Though owning a lot of crypto may make you rich in theory, it can be difficult to convert your money into owning real-life property. In solving this problem via a digital banking platform, Milo Credit has provided more than $10 million in loans for US mortgages, all through cryptocurrencies. Alongside crypto-pledged mortgage loans, Milo Credit also offers refinancing packages and claims to be the first banking company to do so.
Though Milo Credit isn’t the first company to tackle crypto to real-world wealth transfers, the mortgage and property sector was an untapped market within the industry, in part due to the volatility of bitcoin. Nevertheless, Milo Credit is part of a newly forming market in the mortgage world and believes that its platform has measures in place to keep its loans secure and stable for customers, though their robustness remains to be seen.
Freddie
Company Specialist at Welcome to the Jungle
Josip Rupena
(CEO)Previously an analyst at Goldman Sachs, Director at Congra and PWM at Morgan Stanley.