- Skyro continues to grow, now with over 500 partner merchants, a presence in more than 2,500 stores nationwide, and a significantly expanded workforce.
- The company achieved an average Compound Monthly Growth Rate of 50%, a testament to the trust placed in the company’s innovative financial solutions.
- Skyro’s mobile app grew by 82.5%, 20x more than the active mobile app users compared to the previous year.
- Skyro shows robust market adoption and continued success with a staggering increase in applications and usage.
Skyro, a rapidly expanding fintech company in the Philippines, remains steadfast in its mission to revolutionize the local financial sector by providing accessible and affordable digital financial services to Filipinos.
Dedicated to empowering a wider demographic, Skyro offers a variety of digital consumer finance products, including product loans, cash loans, and other lending solutions tailored to address the diverse financial requirements of Filipino consumers. These offerings boast streamlined processes, competitive rates, and a range of payment options, ensuring customers enjoy flexibility and convenience.
Achievements and Business Performance in 2023
Within just under two years of its establishment as a fintech startup, Skyro has marked significant milestones and business achievements in the fintech sector by the close of last year.
Skyro has experienced remarkable growth in both applications and usage, garnering traction among new markets and diverse user demographics. Notably, in 2023 alone, Skyro achieved an impressive average Compound Monthly Growth Rate of 50%, a clear indication of the swift trust and adoption of the company’s innovative financial solutions.
The mobile app of Skyro witnessed an 82.5% increase in the number of new and active users, leading to a proportional surge in total app downloads and usage. The brand has expanded its network, now comprising over 500 partner merchants and enjoying a presence in more than 2,500 stores nationwide. Furthermore, its workforce has grown significantly, from fewer than a hundred to over a thousand employees.
Skyro’s product loan solution has demonstrated exceptional growth in 2023, surpassing its initial value and yielding substantial results. Likewise, its cross-sell products have delivered remarkable outcomes in terms of usage.
Outstanding Performance Under Expert Leadership
Nasim Aliev and Arsen Liametov, the co-founders and co-CEOs of Skyro, have played pivotal roles in driving the company’s growth and success.
Bringing with him a wealth of experience in financial technology and business development, Aliev oversees critical areas such as sales, partnerships, marketing, and customer acquisition. His expertise has earned trust from both customers and partners alike. On the other hand, Liametov focuses on optimizing Skyro’s offerings, leveraging his extensive knowledge of fintech products and operations. His primary areas of focus include ensuring seamless integration and efficient functioning of Skyro’s digital services, all aimed at meeting market demands while delivering maximum value to Filipino customers.
“At Skyro, our mission is to infuse joy into every interaction our customers have with our financial products,” shared Nasim Aliev. “We prioritize accessibility, simplicity, and flexibility, all backed by an exceptional customer experience. Through a compelling model, we’ve managed to reduce risk while achieving profitability, showcasing our strategic foresight and commitment to sustainable growth. Our vision is to create a future where every Filipino has access to the right financial tools and knowledge for achieving success.”
Liametov added, “Our dedication to innovation and customer satisfaction remains steadfast. 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 financial solutions that cater to their ever-evolving needs and lifestyles.”
Looking ahead to the rest of 2024, Liametov expressed optimism, anticipating even greater growth and impact for Skyro.
Skyro aims to maintain its impressive trajectory into 2024, with plans to triple its growth and onboard 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 licensed and supervised by the Securities and Exchange Commission (SEC). To learn more about Skyro’s digital financial products, visit its official website at www.skyro.ph, and follow its official Facebook and Instagram accounts for the latest promos and offerings.
