Crypto mortgage lender Milo secures $17M financing to expand operations, enabling crypto holders to buy real estate
Summary
In its drive to provide crypto owners with the ability to invest their digital assets in real estate, fintech lender Milo announced today that it has secured a $17 million Series A financing round to further build its business, led by venture capital firm M13 with additional financing from QED Investors and MetaProp. Currently, Milo has a staff of 40 people in the US, Canada, Colombia and Argentina, according to CEO Josip Rupena in an interview with ZDNet. Milo has provided millions of dollars in US home loans to foreign and digital asset holders for the past three years. Milos first product was a mortgage solution geared toward foreign nationals that, over the past year, has grown 250% and has processed more than $500 million in applications from more than 90 countries. Theres an opportunity for us to really help a lot of individuals -- whether theyre international or US -- in the crypto mortgage space," Rupena told ZDNet.