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Financial technology firm Skyro Lending, Inc. reported that it is slowly gaining traction from local and international banks to help finance its business growth throughout this year.
In a roundtable discussion on Tuesday, April 29, Nasim Aliev, co-founder and co-chief executive officer of Skyro, shared that they are looking to secure more financing from lenders, following two secured credit facilities obtained earlier this year.
“There is an approach, a project within us, and I think that will help not only us but also other companies like us doing business in the global market… It’s focused on the banks, and we’re also looking at international funders [which are] more secure for us,” he told reporters.
“We’re going to go for probably $90 million (approximately ₱5 billion) this year. Probably 15 percent to 20 percent of that will be coming from local organizations,” Aliev said, referring to the estimated borrowings.
Skyro, which has boosted its loan disbursement to up to one million, is looking forward to tripling its business by improving efficiency and expanding into areas of opportunity such as untapped provinces and sectors. This, in turn, could allow for more merchant and client acquisition, as well as the creation of more financial offers in the near future.
Last week, the company secured a ₱370 million credit loan facility from Sterling Bank of Asia. It also signed a credit facility worth ₱200 million with the Philippine Bank of Communications (PBCom) in January.
“Looks like lenders are looking on our side with much kinder eyes than previously, because of the growth [and] our ability to generate profit from the customer. We’re positive [in terms of more borrowings],” Aliev added.
According to the company’s recent data, it was revealed that Skyro has disbursed a ₱11 billion loan volume to its customers.
Zooming out from the local fintech firm, reciprocal tariffs between the United States and the Philippines have raised concerns across several consumer sectors. However, for Skyro, the impact on the fintech industry is expected to be minimal—though not entirely absent.
“What may influence the financial market [during the ongoing tariff wars] is instability; people will be more cautious… In general, [there will be] less lending available because of that. Probably, the price of borrowing may grow bigger, but we don’t see [any] significant impact [yet],” Aliev elaborated.
Despite the current calm in the fintech sector, with tariff concerns yet to fully impact the industry, the company is preparing for more deals to come.
“I think the impact on everyone outside of the US, such as us, is still a bit delayed. We’re also in a wait-and-see mode… As much as it might impact the immediate prices of, let’s say, US imported goods, then it might impact, let’s say, the prices of the goods that we are financing,” said Ira Franco, chief operating officer of Skyro.
