Fintech company Skyro Lending, Inc. continues to strengthen its position in the Philippine digital lending market and is considering new sources of funding for further growth. In 2025, the company announced plans to raise up to $90 million, or around ₱5 billion, from local and international financial institutions.
These funds are expected to support Skyro’s business expansion, the development of its credit products, and the growth of its customer base. The company expects that additional bank financing will help it increase loan disbursements, strengthen cooperation with merchant partners, and enter new consumer segments.
Skyro Lending Attracts Growing Interest from Banks
The company’s plans were presented by Skyro co-founder and co-CEO Nasim Aliev during a roundtable discussion with journalists. According to him, the company is gradually attracting more attention from banks and financial institutions that are ready to consider Skyro as a promising funding partner.
Skyro is exploring opportunities to raise capital from both local lenders and international funding organizations. This approach allows the company to diversify its sources of capital and reduce dependence on a single financing channel.
Nasim Aliev noted that Skyro has a separate internal initiative focused on cooperation with banks. According to him, this project could be useful not only for Skyro but also for other companies operating in the global market and requiring more stable access to funding.
The Company Targets $90 Million Within the Year
Skyro Lending estimated the potential volume of new borrowings at around $90 million. In Philippine currency, this is approximately ₱5 billion. According to Nasim Aliev, about 15–20% of this amount could come from local organizations.
This target reflects the scale of Skyro’s plans in the Philippine market. The company has already increased the number of loans disbursed and expects to further expand its business by improving efficiency, developing its partner network, and entering new regions.
Skyro is paying particular attention to provinces and sectors where demand for accessible financial solutions remains not fully addressed. Expansion into these areas could help the company attract more customers and onboard new merchant partners.
Sterling Bank of Asia and PBCom Have Already Provided Credit Facilities
The plans to raise new funding followed several bank agreements the company had already secured. Earlier, Skyro received a ₱370 million credit facility from Sterling Bank of Asia. This agreement is expected to help the company expand its operational capabilities and make financial products more accessible to Filipino customers.
In addition, in January, Skyro signed a ₱200 million credit facility agreement with the Philippine Bank of Communications, also known as PBCom. These deals show that the banking sector is becoming more active in supporting fintech companies operating in consumer finance.
For Skyro, such agreements are important not only as sources of capital. They also confirm growing trust from financial institutions in the company’s business model.
Why Lenders Are Paying More Attention to Skyro
Nasim Aliev noted that banks and lenders have begun to look at Skyro more favorably than before. According to him, this is linked to the company’s growth, its expanding customer base, and its ability to generate revenue from users.
For a fintech company in the digital lending sector, this is especially important. Rapid growth alone is not enough to convince banks. Financial institutions also assess portfolio quality, business model sustainability, risk management capabilities, and product economics.
Skyro focuses on developing digital financial services that allow customers to access loans and flexible payment solutions without complicated procedures. This format is particularly relevant for customers who may find traditional banking products inconvenient or less accessible.
Loan Disbursements Reached ₱11 Billion
According to data disclosed by the company during discussions of new borrowings, Skyro had already disbursed around ₱11 billion in loans to its customers. This figure reflects the scale of the company’s operations in the Philippine market and the growing demand for digital credit products.
Skyro also reported that the number of loan disbursements had grown to one million. Against this backdrop, the company expects to continue expanding its business, including by improving internal processes and broadening its geographic presence.
Additional financing could help Skyro develop several areas at the same time:
- increasing loan disbursement volumes;
- onboarding new merchant partners;
- entering new provinces;
- expanding the customer base;
- launching additional financial products;
- improving the efficiency of its operating model.
External Risks and the Impact of Tariff Instability
External economic factors, including tariff tensions between the United States and the Philippines, were also discussed. Skyro’s management assessed the impact of these factors on the fintech sector as limited, though not entirely absent.
Nasim Aliev noted that the main risk for the financial market may not be the tariff factor itself, but overall instability. In such conditions, consumers may become more cautious, access to lending may decline, and borrowing costs may rise.
At the same time, Skyro did not see a significant immediate impact on its business. The company remained in a wait-and-see mode and was assessing how external changes could affect the consumer finance market.
How Price Changes Could Affect Lending
Skyro COO Ira Franco also noted that the impact of external factors could appear with a delay. If tariff changes or other economic conditions lead to higher prices for imported goods, this could also affect the cost of products that customers purchase using Skyro’s financial products.
For a company operating in consumer lending, such changes matter. Rising prices can influence buyer behavior, the average financing amount, and demand for certain product categories.
However, at the time of the discussion, Skyro had not recorded any sharp negative effect. The company continued preparing for new deals and exploring additional opportunities to raise capital.
What Skyro’s Plans Mean for the Market
Skyro Lending’s plans to raise up to $90 million show that the company expects further scaling and views bank financing as one of its key growth tools.
For the Philippine fintech market, this is an important signal. Skyro’s cooperation with Sterling Bank of Asia, PBCom, and potential new lenders demonstrates that banks are ready to work with digital financial platforms when they show growth, customer demand, and the ability to manage risks.
Skyro continues to develop a model based on digital lending, flexible financial solutions, and partnerships with retail networks. If the company maintains a balance between rapid growth, portfolio quality, and product accessibility for customers, it may strengthen its position among the notable players in the Philippine fintech market.
