Skyro Secures PHP 370M from Sterling Bank to Fuel Expansion
Summary
Skyro has secured a PHP 370 million credit facility from Sterling Bank of Asia. This funding aims to enhance Skyros operations and expand access to its financial solutions for Filipinos.The partnership was made official through a credit agreement signing.Nasim Aliev expressed gratitude for Sterling Banks confidence in Skyros mission, stating that the partnership will strengthen their ability to provide accessible financing, bringing financial empowerment to underserved Filipinos.Jose S. Ison, Jr. of Sterling Bank highlighted the shared vision and noted that Skyro offers customer-friendly loan products, expressing happiness to support their goal of helping Filipinos achieve financial aspirations.Introduced in the Philippines in August 2022, Skyro provides digital financial services. One of its offerings is Flexi Payment, which allows customers to adjust their monthly payment or due date without paperwork.Skyro has expanded its presence and is now available in over 4,500 partner merchant stores nationwide. As of today, they are serving more than 700,000 active customers.The Skyro app is available for download on Apple Store and Google Play, offering flexible payment and cashback features.