AS part of its goal to empower fintech companies in the Philippines, Sterling Bank of Asia (SBA), a leading thrift bank in the Philippines that is dedicated to providing accessible and innovative banking solutions to individuals, Small and Medium-sized Enterprises (SMEs), and corporate clients, has granted a Php 370-million credit facility to Skyro, one of the fastest-growing fintech companies in the country that specializes in financial lending services.
This strategic partnership aims to support Skyro’s expansion and enhance its ability to provide seamless digital lending services to consumers nationwide.
The partnership between the two firms, a strategic collaboration that aims to contribute to economic growth and financial inclusivity in the Philippines, was solidified recently through the signing of a Memorandum of Agreement (MOA) for the grant of the multi-million-peso credit facility.
“We are committed to empowering fintech companies like Skyro, which are driving financial inclusion and digital transformation in the Philippines,” said Jose Ison, Jr., Senior Vice President of the Commercial Lending Group of Sterling Bank of Asia. “By extending this credit facility, we reaffirm our confidence in Skyro’s vision and its potential to reshape the financial technology landscape.”
The Php 370 million credit line will enable Skyro to scale its operations, expand its digital lending infrastructure, and strengthen its capabilities. This funding will accelerate Skyro’s mission of providing fast and accessible financial lending solutions to underserved communities.
“We are grateful for the trust and support of Sterling Bank of Asia,” said Nasim Aliev, Co-Founder and Co-CEO of Skyro. “This credit facility will help us drive financial accessibility and continue delivering secure, efficient, and customer-centric digital lending solutions.”
Sterling Bank of Asia remains committed to supporting the growth of the fintech sector by fostering collaborations that drive economic progress and financial inclusivity in the Philippines.
(MAIN PHOTO)
Standing (L to R): SBA Marketing Assistant Patricia Cabas, SBA Relationship Manager Jessa Mahinay, Skyro Head of Funding Victoria Tupaz, and Skyro Treasurer Vicente Dela Cruz.
Seated (L to R): SBA Senior Vice President Commercial Lending 1 Head Jose Ison, Jr., SBA Executive Vice President for Commercial Lending Group Head Benson Hari-Ong, Skyro Co-Founder and Co-CEO Nasim Aliev and Skyro President Anthony Co
About Skyro
Skyro is a fintech brand launched in the Philippines in August 2022 and backed by Breeze Ventures, a global fintech company based in Singapore. Its Philippine operations are powered by Advanced Finance Solutions, Inc. and Skyro Lending, Inc., registered with the Philippines’ Securities and Exchange Commission (SEC).