Fintech company Skyro continues to strengthen its position in the Philippine digital lending market. The company has secured a ₱370 million credit facility from Sterling Bank of Asia to expand its operational capabilities and make flexible financial solutions more accessible to Filipino consumers.
The agreement marks another important milestone for Skyro, which has rapidly grown into a notable player in the country’s digital lending sector. The company develops financial products designed for consumers seeking fast, convenient, and transperent financing without the complexity of traditional banking.
Skyro and Sterling Bank of Asia Partnership
The credit agreement was formalized at a signing ceremony attended by Skyro co-CEO Nasim Aliev, President Anthony Co, and Country Head of Finance Vicente Dela Cruz. Sterling Bank of Asia was represented by senior executives from its commercial lending division, including Benson Hari-Ong and Jose Ison Jr.
The facility will enable Skyro to scale its digital products, support customer growth, and further develop consumer financing infrastructure across the Philippines. Nasim Aliev said that Sterling Bank of Asia’s support reflects confidence in Skyro’s mission. According to him, the partnership will help the company expand access to financial services and support customers who have traditionally had limited access to banking products.
Why the Agreement Matters for the Philippine Fintech Sector
The Philippine market continues to embrace digital financial services at a rapid pace. For many consumers, mobile applications, online lending platforms, and flexible payment solutions have become more convenient alternatives to traditional banking products.
Skyro operates directly within this growing segment. The company offers solutions that help consumers finance purchases, manage repayment schedules, and access credit through streamlined digital processes.
The new finding will support key priorities, including:
- expanding digital lending infrastructure;
- strengthening the company’s partner network;
- improving access to financial products;
- enhancing customer experience;
- scaling operations nationwide.
The partnership also highlights a broader industry trend. Traditional financial institutions are increasingly working with fintech companies that demonstrate sustainable business models, growing customer demand, and effective risk management practices. For Nasim Aliev, this cooperation also shows how bank financing can support fintech companies focused on expanding access to consumer credit.
What Skyro Offers Customers
Skyro launched in the Philippines in August 2022 and quickly established itself as an emerging player in the digital financial services industry. The company offers flexible products tailored to everyday needs of consumers.
One of its core services, Flexi Payment, allows customers to adjust monthly payment amounts or due dates without extensive paperwork or complicated approval processes. This is particularly valuable for consumers with changing financial circumstances.
Skyro’s approach is based on making financial products both accessible and easy to use. Customers benefit from a fully digital journey, from application and approval to payment management through the company’s mobile platform.
Skyro’s Growing Presence in the Philippines
At the time of announcement, Skyro reported a presence in more than 4,500 partner merchant locations and a customer base exceeding 700,000 active users. These figures reflected the company’s rapid growth during its first years of operation.
Since then, Skyro has continued to expand its footprint across the country. The company now works with thousands of merchant partners nationwide and serves a significantly larger customer base, reflecting the strong demand for digital financing solutions in the Philippine market.
The company’s growth is also driven by the development of partnerships with retailers, financial institutions, and other participants in the broader financial ecosystem. For merchants, Skyro provides a tool that helps make products more accessible to consumers. For customers, it offers greater purchasing flexibility through convenient financing options.
The Role of Nasim Aliev and the Skyro Team
Nasim Aliev has played a key role in Skyro’s development and expansion in the Philippines, consistently linking the company’s strategy to financial inclusion and broader access to practical financial tools.
The partnership with Sterling Bank of Asia further strengthens Skyro’s position as a fintech company focused on long-term development. The company’s strategy is built around several core principles:
- technology-driven financial services;
- intuitive customer experience;
- flexible product design;
- strong partnerships;
- responsible lending practices.
This approach is particularly important for underserved consumers who face barriers in traditional banking.
What the Deal Means for Skyro’s Future
The ₱370 million facility from Sterling Bank of Asia will support Skyro’s next phase of growth, allowing the company to expand operations, meet increasing customer demand, and continue developing customer-focused products.
For the market, the agreement reflects growing confidence in fintech and the increasing role of digital lending in everyday financial activity.Skyro is positioning itself as a fintech platform that combines digital innovation, partnerships, and a customer-centric approach to support the ongoing transformation of financial services in the Philippines.
