Skyro, one of the fastest-growing fintech companies in the Philippines, credits its partnerships with local merchants, financial institutions and platforms as instrumental in its rapid growth and expansion. To date, the company has disbursed approximately P11 billion in total loan value across more than 1 million loans.
Introduced in the Philippines in 2022, Skyro has ongoing partnerships with more than 1,500 offline merchants, over 100 online merchants, at least 5,000 point of sale (POS) locations, and 13 brand partners, including retail giants like Abenson, Robinsons Appliances, EMCOR, Puregold, Western Appliances, and more.
Skyro has also secured credit facilities with key financial institutions such as Sterling Bank and PBCOM, fueling its continued growth this year. Along these financial alliances, the fintech company has also strengthened its reach through strategic partnerships with PalawanPay and 7-Eleven, making applying for loans more accessible and convenient for Filipino customers.
“Skyro remains committed in providing happiness, hope, and financial support to Filipinos by expanding and strengthening partnerships that align with Skyro’s vision of a more inclusive financial ecosystem in the country,” explained Skyro co-founder and co-CEO Nasim Aliev.
For their part, partners of the fintech company have been experiencing positive results thanks to the flexible financing features of Skyro, bringing in more sales, customers, and repeat visits. The POS partners have been enjoying an average growth of 20% to 25%, four to five times growth from onboarding to breakout within one year, and 13% to 15% year-on-year growth in POS-driven sales.
Among these flexible financing features is the Skyro Flexi, considered one of the most customer-friendly loan features in the country, as it allows customers to adjust their monthly payments or due date with a few taps in their Skyro app to help meet their personal needs.
Skyro’s reliable product loans continue to attract many more Filipinos nationwide. To date, there are already 2.5 million Skyro app downloads, allowing customers to enjoy a more accessible and convenient means to achieve their aspirations and enhance their lives – whether it’s to purchase their essential needs or fulfill a lifelong goal.
With a mission to provide smooth, secure, and accessible financial services to everyone for every day, Skyro continues to empower Filipinos to move toward their goals and build a better future. Aliev concluded, “We’re proud of how far Skyro, our partners, and our customers have come—and we’re even more excited for the road ahead. Our vision is to make it possible for even more Filipinos across the country to enjoy the life they have always deserved with the help of Skyro.”
To know more about Skyro, download the app for free on Apple Store for iPhone users and Google Play for Android users or visit https://www.skyro.ph/ and follow its social media accounts, Facebook, Instagram, LinkedIn, and TikTok.
Started in 1927, the Philippines Graphic is the longest-running printed magazine of national circulation that provides relevant news and features and promotes Philippine literature.
