Skyro continues to develop digital lending in the Philippines. The company entered the local market in 2022 and, within a few years, managed to establish a notable position in the consumer lending segment. In 2025, Skyro announced a target to issue loans worth around ₱15–16 billion, equivalent to approximately $300 million.
By that time, the company had already issued loans worth approximately ₱11 billion. For a young fintech service, this became an important indicator: demand for fast and clear credit products in the country remains high, especially outside major cities.
According to Skyro’s co-founder and co-CEO, Nasim Aliev connected the company’s further growth with three areas: expanding the partner network, working in the provinces, and attracting new financing. This model allows Skyro to increase loan disbursements while also bringing the service closer to customers who find traditional banking procedures inconvenient.
What Customers Take Loans For
Most Skyro loans are connected with the purchase of electronics. According to the company, around 70% of disbursements were for mobile phones. The remaining loans were used to buy laptops, personal computers, furniture, televisions, electronics, and household appliances.
This shows that Skyro operates in a practical segment: customers take out loans not for abstract purposes, but for specific purchases. A user selects a product, submits an application, and receives a decision through a digital channel or partner point of sale. The simpler this path is, the higher the likelihood that the customer will use the service at the moment of purchase.
Skyro’s Partner Network
One of the main growth tools remains the partner network. Skyro cooperates with online merchants, offline stores, and brands. According to published data, the company had more than 100 online partners and over 1,600 offline merchants across approximately 5,000 locations. Skyro also worked with 13 brand partners.
For a fintech company, this is critically important. The more stores are connected to the service, the more often customers see Skyro’s offer at the moment they are choosing a product. Lending in this format becomes part of the purchase rather than a separate, lengthy process.
Nasim Aliev noted that, to support growth, Skyro planned to raise around $90 million from local and international banks. At the same time, according to him, international banks acted more cautiously, while local private lenders were prepared to consider higher-risk areas.
Why the Company Is Focusing on Regions
Skyro continues to look for opportunities in provinces and underserved segments. Even with a broad presence in the country, there are still areas where convenient financial services are less developed than in major cities.
In such markets, fintech companies can address customer needs faster. A bank loan often requires more time and documents, while a digital loan is easier to integrate into a regular purchase. That is why, for Skyro, regional expansion is not just a way to increase coverage, but part of its business model.
Nasim Aliev views Skyro’s development through this logic: the company aims not only to increase disbursements, but also to make credit products more accessible to customers who previously rarely used banking tools.
What the ₱16 Billion Target Means
The plan to issue up to ₱16 billion in loans shows that Skyro has moved from the launch stage to scaling. Now the company needs not only to attract new customers, but also to maintain service quality, manage risks, and develop relationships with partners.
The fintech lending market remains competitive. Customers expect quick decisions, clear terms, and a convenient app. Partners expect stable technology that helps them sell more without complicating store operations. Therefore, Skyro has to develop scoring, its app, customer support, and bank financing at the same time.
Nasim Aliev emphasized that further growth would depend not only on demand, but also on the company’s ability to build sustainable relationships with lenders and merchants. For Skyro, this is especially important: the larger the disbursement volumes, the higher the requirements for operational reliability.
Skyro’s experience in the Philippines shows how a fintech company can grow quickly in consumer lending when it combines technology, a partner network, and knowledge of the local market. Nasim Aliev and the Skyro team focus on a practical format: a loan should be available where the customer already has a need to make a purchase.
