Skyro Reaches Two Million Product-Loan Transactions in the Philippines

Four years after entering the Philippine market, Skyro has completed two million product-loan transactions as it continues to expand access to consumer financing across physical and digital retail channels.

The SEC-registered lending company now works with more than 10,000 partner stores and over 3,000 online and offline merchant partners nationwide.

Its network includes established retailers such as Abenson, Robinsons Appliances and EMCOR, as well as smartphone brands HONOR, TECNO and Infinix.

Thousands of small and medium enterprises also play a significant role in the company’s operations. According to Skyro, SMEs account for more than 60% of its sales volume.

The company plans to build on the milestone by investing in technology, data capabilities and product development while bringing its financing services to more communities.

Financing at the point of purchase

Skyro provides product financing at participating stores, allowing customers to purchase eligible items through installment arrangements instead of paying the full price upfront.

Its offers may include zero down payment, 0% interest promotions and flexible payment options, depending on the product, merchant and customer’s eligibility.

For participating retailers, financing can help convert interest into completed purchases, particularly among customers who do not have enough cash available for an immediate payment.

Skyro reported that its services have helped increase sales at partner stores by at least 30%. This is a company-provided figure and may vary depending on the merchant, location and financing activity.

The milestone demonstrates how embedded financing is becoming part of the everyday shopping experience while giving merchants another way to serve customers.

SMEs remain central to Skyro’s growth

While Skyro works with major national retailers and global technology brands, smaller businesses generate most of its sales volume.

Making financing available through SME partners can help local stores reach more customers while extending formal credit options beyond large commercial centers.

This merchant-based approach also allows customers to apply for financing at the point where they are making a purchase.

By expanding its network of smaller retailers, Skyro aims to make its services available in more communities, including areas where access to traditional financial products may remain limited.

Helping first-time borrowers build credit histories

Skyro co-founder and co-CEO Nasim Aliev said the two-million-transaction milestone reflects the trust of customers and merchant partners.

“Two million product loan transactions represent more than a milestone. They reflect the trust our customers and merchant partners have placed in Skyro,” Aliev said.

He added that the company intends to continue developing financial services that respond to the changing needs of Filipino consumers.

Many Skyro customers are first-time borrowers. According to the company, an approved loan can give these customers an opportunity to enter the formal financial system, establish a credit record and develop responsible repayment habits.

Skyro uses risk models to assess customers and tailor financing based on their credit profiles. The company said this approach allows it to recognize responsible borrowers while serving first-time and underserved customers.

Access to credit, however, also carries financial responsibilities. Customers should review the total cost, payment schedule, fees and consequences of missed payments before accepting any financing offer.

Investment in technology and security

Skyro plans to continue investing in technology, security and operational systems as its customer and merchant network grows.

Co-founder and co-CEO Arsen Lyametov said the company wants to make financial products easier to understand and use while maintaining responsible lending and customer trust.

“Our ambition goes beyond growth. We want to redefine how Filipinos experience credit by making financial products simpler, more accessible, and easier to use,” Lyametov said.

He added that technology, security and operational excellence would remain important as Skyro works to provide a safe and trusted financing experience.

The company also credited its employees for reaching the two-million-transaction milestone, describing the achievement as the result of a customer-focused team working to make financial opportunities more accessible.

As Skyro expands, its larger test will be maintaining clear lending terms, responsible credit assessment and customer protection while serving more borrowers and merchants across the Philippines.

Consumers can learn more about its financing options and participating merchants at Skyro.ph.