Skyro is expected to triple its performance in 2024 as it expands digital financial offerings

The company achieved an average Compound Monthly Growth Rate of 50%, a testament to the trust placed in the company’s innovative financial solutions.

By Iconic MNL
5 Min Read
  • Skyro continues to grow with over 500 partner merchants, a presence in more than 2,500 stores nationwide, and a significantly expanded workforce.
  • Skyro’s mobile app grew by 82.5%, with 20 times the number of active users compared to the previous year.
  • Skyro shows robust market adoption and continued success with a staggering increase in applications and usage.

Skyro, a fast-growing fintech provider in the Philippines, continues its commitment to transform the local financial landscape by delivering accessible and affordable digital financial solutions to Filipinos.

Skyro is committed to empowering more Filipinos by offering a range of digital consumer finance products such as product loans, cash loans, and other lending products designed to meet the diverse financial needs of Filipino consumers. These solutions offer a streamlined process, competitive rates, and diverse payment options, providing customers with flexibility and convenience.

Achievements and Business Performance in 2023

In just under two years since its inception as a fintech startup, Skyro has achieved significant milestones and business performance in the fintech industry by the end of last year.

Skyro has recorded significant growth in applications and usage as it gains traction among new markets and diverse user groups. Notably, in 2023 alone, Skyro achieved an average Compound Monthly Growth Rate of 50%, a testament to the rapid trust and adoption placed in the company’s innovative financial solutions.

Skyro’s mobile app had an increase in the number of new and active users by 82.5%, leading to a proportional rise in total app downloads and usage. The brand has grown its network with over 500 partner merchants and a presence in over 2,500 stores nationwide. It has also expanded its workforce from less than 100 to more than 1,000 employees.

Its product loan solution has shown exceptional growth in 2023, generating substantial results more than its initial value. Similarly, the cross-sell products have delivered remarkable usage outcomes.

Skyro’s Outstanding Performance Under Expert Leadership

Skyro’s co-founders and co-CEOs, Nasim Aliev and Arsen Liametov, have been instrumental in the company’s growth and success. 

With strong experience in financial technology and business development, Aliev oversees key areas such as sales, partnerships, marketing, and customer acquisition, garnering customer and partner trust. On the other hand, Liametov is focused on optimizing Skyro’s offerings, utilizing his extensive understanding of FinTech products and operations. His main areas of expertise include ensuring smooth integration and efficient functioning of Skyro’s digital services, all with the goal of meeting market demands while delivering maximum value to Filipino customers.

“At Skyro, our mission is to bring joy into every interaction our customers have with our financial products,” shared Nasim Aliev. “We prioritize accessibility, simplicity, and flexibility, supported by an exceptional customer experience. By leveraging a compelling model, we’ve managed to reduce risk two-fold while achieving profitability, showcasing our strategic foresight and commitment to sustainable growth. We want to create a future where every Filipino can access the right financial tools and knowledge for success.”

Liametov added, “Our dedication to innovation and customer satisfaction remains unwavering. With a focus on continuous improvement and expansion, we’re poised to reach new heights in 2024 and beyond. Skyro is committed to empowering individuals with the financial solutions that cater to their ever-evolving needs and lifestyles.”

Looking ahead to the rest of 2024, Liametov said, “As we anticipate the year ahead, we’re filled with optimism, expecting even greater growth and impact for Skyro.”

Skyro aims to continue its impressive trajectory into 2024, with expectations of tripling its growth and onboarding half a million customers by the year’s end. This ambitious goal underscores Skyro’s commitment to expanding its reach and impact in the digital financial landscape of the Philippines, further solidifying its position as a key player in the industry’s evolution. Skyro is a fintech company duly licensed and supervised by the Securities and Exchange Commission (SEC).

To learn more about digital financial products from Skyro, visit its official website Follow its official Facebook and Instagram accounts to know more about its latest promos and offerings.

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