Skyro, one of the fastest-growing financial technology companies in the Philippines, said Tuesday it secured a P370-million grant from Sterling Bank of Asia to enhance its operations and expand access to flexible financial solutions for Filipinos.
The partnership was formalized through a credit agreement signing, attended by Skyro co-chief executive Nasim Aliev, president Anthony Co and country head of finance Vicente Dela Cruz.
Representing Sterling Bank were executive vice president and commercial lending group head Benson Hari-Ong, along with senior vice president and commercial lending 1 head Jose Ison Jr.
“We’re honored and grateful for Sterling Bank’s trust in our mission. This partnership strengthens our ability to provide accessible financing solutions, bringing happiness and financial empowerment to underserved Filipinos,” said Aliev.
Ison noted the shared vision between the two companies. “Skyro offers one of the most customer-friendly loan products in the country. We are happy to support their goal of helping Filipinos achieve their financial aspirations,” said Ison.
Introduced in the country in August 2022, Skyro has quickly earned a reputation for its innovative digital financial services. It offers flexi payment that allows customers to adjust their monthly payment or due date, without paperwork or questions, ensuring greater financial flexibility.
Skyro is now present in over 4,500 partner merchant stores nationwide with more than 700,000 active customers.
