Milo

What Milo does

Milo (operating as Milo Credit, LLC, NMLS #1811449) is a Miami-based, Delaware-incorporated fintech founded in 2018 by CEO Josip Rupena that lends against Bitcoin and Ethereum collateral to enable US real estate purchases without forcing crypto liquidation. The platform offers three core products: a 30-year fixed-rate Crypto-Backed Mortgage with up to 100% financing (rates 6.5%–8.5% APR, loan sizes $275K–$25M), a Self-Custody Mortgage that counts client-held crypto as reserves while eliminating margin call risk, and a 12-month interest-only Crypto-Backed Loan with a 2:1 collateral ratio (base rate 8.75%, up to $1.5M). Underlying technology combines a self-service digital application (app.milo.io) with AI-assisted operations, qualified custody integrations with BitGo (with $250M Lloyd's of London insurance) and Coinbase Custody, no rehypothecation, and SOC 2 Type II certified security controls.

Milo generates revenue through three streams: recurring monthly interest income on its outstanding mortgage and loan portfolio, one-time loan origination fees (typically 2%–4% of loan amount), and interest-only payments on its 12-month crypto loans at 10.75% APR. Distribution is primarily direct-to-consumer through a digital application and white-glove loan consultant support (1-888-433-6456), supplemented by referral partnerships with financial advisors, mortgage brokers, and real estate agents. The target customer segments are individual cryptocurrency holders seeking to avoid capital gains events, foreign buyers without US credit history, and self-employed borrowers with non-traditional income documentation — collectively a long-tail of individual consumers across 93 countries. By early 2026 Milo had originated over $250 million in total loans and crossed $100 million in crypto mortgage originations, operating with just 13 full-time employees.

Name

Milo

Legal name

Milo Credit, LLC

Website

https://milo.io

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

1–10 employees

Short description

Milo Credit is a Miami-based fintech that lends against Bitcoin and Ethereum collateral to fund US real estate purchases, offering 30-year crypto-backed mortgages, self-custody mortgages, and short-term crypto loans to individual crypto holders, foreign buyers, and self-employed borrowers.

Ownership category

akta.pro rank

Product category

Crypto-Backed Lending

NAICS

Mortgage and Nonmortgage Loan Brokers (522310)

SIC

Mortgage Bankers & Loan Correspondents (6162), Short-Term Business Credit Institutions (6153)

akta.pro primary industry

Centralized Crypto Lending Platforms (CeFi) (FSADAFAA)

akta.pro secondary industries

Crypto-Backed Consumer Loans (Secured) (FSADAFAG), Crypto Borrowing & Margin Credit Facilities (FSADAFAC)

Keywords

• Crypto-backed mortgages
• Bitcoin lending
• Self-custody mortgages
• Digital asset loans
• Crypto collateral lending

Headquarters

HQ city

Miami

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Mortgage Interest Income: 30-year fixed-rate interest-only mortgages collateralized by crypto assets. Interest rates range from 6.5% to 8.5% APR depending on credit profile and loan structure. Primary revenue stream from crypto-backed mortgage origination.
2. Crypto Loan Interest: Short-term 12-month interest-only loans collateralized at 2:1 ratio with BTC/ETH. Base rate 8.75% (10.75% APR). Interest-only payments with balloon principal at maturity.
3. Loan Origination Fees: Charges loan origination fee and small underwriting fee. Combined fees typically total 2% to 4% of loan amount, in line with standard mortgage costs.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Milo originates US real estate mortgages and short-term loans collateralized by Bitcoin or Ethereum. Its core products are a 30-year fixed-rate Crypto-Backed Mortgage that allows up to 100% financing with BTC or ETH pledged at a 1:1 ratio, a Self-Custody Mortgage that uses crypto as qualifying reserves while it stays in the borrower's own wallet, and a short-term 12-month interest-only Crypto-Backed Loan at a 2:1 collateral ratio for same-day liquidity.

Product overview

Milo is a crypto-backed lending platform offering three core products: the Crypto-Backed Mortgage (30-year fixed mortgage with up to 100% financing using BTC/ETH as collateral), the Self-Custody Mortgage (same structure but crypto stays in borrower's wallet as reserves with no margin calls), and the Crypto-Backed Loan (short-term 12-month loan with 2:1 collateral ratio for liquidity). Supporting tools include a Mortgage Comparison Calculator for wealth planning and rate calculators for purchase and refinance estimates. The platform is differentiated by no rehypothecation, institutional-grade custodians (BitGo and Coinbase), and SOC 2 Type II security certification.

Differentiator

Problem solved

Functional benefit

Products and services

• Crypto-Backed Mortgage A 30-year fixed-rate mortgage that finances up to 100% of a US property purchase by pledging Bitcoin or Ethereum as collateral at a 1:1 ratio, with no down payment required and no capital gains tax triggered; loan amounts $275,000-$25 million at 6.5%-8.5% APR.
• Self-Custody Mortgage A 30-year fixed-rate interest-only mortgage that uses Bitcoin or Ethereum as financial reserves while the assets remain in the borrower's own wallet, with no transfer to a third-party custodian required, no margin call risk, up to 75% LTV, loan sizes from $200,000, and rates of 7-8%.
• Crypto-Backed Loan A short-term 12-month interest-only loan backed by Bitcoin or Ethereum at a 2:1 collateral ratio, with a base rate of 8.75% (10.75% APR), loan sizes from $5,000 up to $1.5 million, 24-hour funding, no credit checks, and a no-monthly-payment option at a slight premium.
• Investment Property Refinance A refinancing program for US residential and investment properties that allows borrowers to pledge BTC or ETH as collateral for up to 100% financing or to use crypto as qualifying reserves while keeping the assets in self-custody.

Quantifiable outcome

• Over $1.6M more in long-term wealth retained over 5 years compared to selling crypto for down payment (in typical $1M home scenario)
• +3 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability1 record

Feature3 records

Partnerships

Two partnerships are on record, tiered core.

• BitGocoreTechnology or IntegrationQualified custodian holding pledged crypto collateral with multi-signature security protocols, cold storage solutions, and $250M insurance coverage underwritten by Lloyd's of London. Dedicated sub-accounts keep client assets fully segregated.
• Coinbase CustodycoreTechnology or IntegrationRegulated custodian providing segregated cold storage with SOC 1 and SOC 2 compliance. Extensive insurance protections for safeguarded assets. Partners exclusively with Milo for crypto custody services.

Scale indicators9 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Ledn: Ledn is a centralized crypto lending platform offering Bitcoin-backed loans and yield products. It is the closest direct competitor to Milo's short-term crypto-backed loan product, with similar collateral ratios and target borrower (crypto holders seeking liquidity).
• Figure Technologies: Figure is a blockchain-native home equity and mortgage lender combining crypto-style provenance with traditional real estate finance. It competes in the same intersection of digital assets and US real estate lending as Milo, with HELOC and mortgage products.
• SALT Lending: SALT offers crypto-backed loans using BTC and ETH as collateral. It targets a similar crypto-holder borrower and competes on the short-term, collateralized lending side, though with a less developed mortgage offering.
• Arch Lending: Arch provides crypto-backed loans and mortgages against digital asset collateral. It is a direct competitor in the BTC/ETH-collateralized mortgage and loan category, with comparable products for crypto holders.
• Nexo: Nexo is a large centralized crypto lending platform offering crypto-backed loans and yield products. It competes directly with Milo's short-term crypto loan business and operates at a much larger scale globally.

Emerging players

• Strike (by Zap): Strike offers Bitcoin-backed lending and Lightning-based payments. While primarily a payments company, its mortgage and lending product lines overlap with Milo's crypto-collateralized financing.
• Aave: Aave is the largest decentralized lending protocol (DeFi money market) on Ethereum and multiple L2s. While DeFi rather than CeFi, it competes for the same short-term crypto-collateralized loan demand as Milo's 12-month product, often at lower rates.
• Compound: Compound is a foundational DeFi money market protocol enabling crypto-collateralized borrowing and lending. Like Aave, it competes for the same crypto-collateralized loan demand but without a mortgage product.

Broad incumbents

• SoFi Technologies: SoFi is a large fintech offering mortgages, personal loans, and crypto trading. While not focused on crypto-collateralized mortgages, it is a regulated US lender with the scale to launch a competing product and target the same crypto-curious borrowers.
• Rocket Mortgage (Rocket Companies): Rocket Mortgage is the largest US mortgage lender and a broad incumbent. It does not currently offer crypto-collateralized products but is the dominant digital mortgage platform and the most likely large incumbent to enter the category.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/MiloCredit
• Facebookfacebook.com/milocredit
• LinkedInlinkedin.com/company/milocredit
• Instagraminstagram.com/milocredit

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds4 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Milo