Skyro, one of the fastest-growing financial technology (fintech) companies in the Philippines, said it disbursed P5.2 billion in consumer loans from its launch in August 2022 until September 2024.
The amount reflects the company’s stance to push for financial inclusion among Filipinos in remote areas of the country and to become a leading fintech industry player in the Philippines, it said in a statement.
Skyro said it achieved a significant growth in loan disbursements, reflecting nearly 190 percent growth in over two years. The expansion underscores the company’s commitment to financial inclusion, allowing it to reach more communities, foster economic growth and extend essential financial services across the country.
Skyro quickly earned a reputation for its innovative digital financial services to enable financial inclusion in the country. It is now present in over 4,500 partner merchants stores nationwide with more than 270,000 active product loan customers.
The P5.2-billion payout is also indicative of the company’s thrust to broaden its reach in many parts of the country, specifically in provincial areas.
“We are steadily expanding our reach to meet the diverse financial needs of Filipinos across the country,” said Skyro co-founder and co-chief executive Nasim Aliev.
Skyro’s highest share of customers is in the Calabarzon region, but it continues to increase with the platform gaining a steady following in Mindanao.
“While maintaining a strong presence in urban centers, our focus is shifting toward emerging regions like Mindanao and the Visayas, where we aim to provide greater access to flexible financial solutions, empowering more communities and fostering growth in these key areas,” Aliev said.
Skyro said it is confident in capturing these markets by banking on the app’s simplicity, flexibility, and accessibility. One of the standout features of the platform that showcases this is the Skyro Flexi – a groundbreaking solution launched in mid-2024 where customers have unmatched control over their loans, allowing them to adjust monthly payments and modify due dates directly within the app.
“By giving customers this flexibility and accessibility, Skyro is setting a new standard in digital lending as it empowers them to manage their financial commitments in a way that suits their individual needs,” said Aliev.
