Skyro’s Robust 2023 Sets Stage for Triple Growth in 2024, Expanding Financial Services for Filipinos

Photo: Skyro

Skyro, a fintech company based in the Philippines, is dedicated to revolutionizing the local financial scene by providing accessible and affordable digital financial services to Filipinos. Offering various digital consumer finance products like product loans and cash loans, Skyro aims to meet the diverse financial needs of its customers. These solutions are designed for ease of use, competitive rates, and flexible payment options, providing customers with convenience.

In the year 2023, Skyro achieved significant milestones and business growth since its inception as a fintech startup. The company experienced notable growth in both applications and usage, with an average Compound Monthly Growth Rate of 50% in 2023 alone. This growth led to an increase in the number of new and active users on Skyro’s mobile app by 82.5%, along with a rise in total app downloads and usage. Additionally, Skyro expanded its network to over 500 partner merchants and established a presence in more than 2,500 stores nationwide. The company also grew its workforce from less than a hundred to over a thousand employees.

Photo: Skyro

Skyro’s product loan solution and cross-sell products saw exceptional growth in 2023, surpassing their initial value. The company’s co-founders and co-CEOs, Nasim Aliev and Arsen Liametov, played crucial roles in Skyro’s success. Aliev focuses on sales, partnerships, marketing, and customer acquisition, while Liametov optimizes Skyro’s offerings and ensures the efficient functioning of its digital services.

Aliev emphasized Skyro’s commitment to providing accessible, simple, and flexible financial products with exceptional customer experience. Meanwhile, Liametov stressed the company’s dedication to innovation and customer satisfaction, with plans for continuous improvement and expansion in 2024.

Looking ahead, Skyro aims to triple its growth and onboard half a million customers by the end of 2024. This ambitious goal demonstrates the company’s commitment to expanding its impact in the digital financial landscape of the Philippines, solidifying its position as a key player in the industry’s evolution.