Sterling Bank of Asia Grants Php 370 Million Credit Facility to Skyro

Sterling Bank of Asia and Skyro solidified their partnership by signing a Memorandum of Agreement (MOA) for a ₱370 million credit facility. This strategic collaboration aims to contribute to economic growth and financial inclusivity in the Philippines.

Standing (L to R): SBA Marketing Assistant Ms. Patricia Cabas, SBA Relationship Manager Ms. Jessa Mahinay, Skyro Head of Funding Ms. Victoria Tupaz, and Skyro Treasurer Mr. Vicente Dela Cruz.

Seated (L to R): SBA Senior Vice President Commercial Lending 1 Head Mr. Jose Ison, Jr., SBA Executive Vice President for Commercial Lending Group Head Mr. Benson Hari-Ong, Skyro Co-Founder and Co-CEO Mr. Nasim Aliev and Skyro President Mr. Anthony Co

Sterling Bank of Asia (SBA) has granted a Php 370 million credit facility to Skyro, one of the fastest-growing fintech companies specializing 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.

“We are committed to empowering fintech companies like Skyro, which are driving financial inclusion and digital transformation in the Philippines,” said Mr. Jose S. 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 Mr. 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.

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About Sterling Bank of Asia

Sterling Bank of Asia is a leading thrift bank in the Philippines, dedicated to providing accessible and innovative banking solutions to individuals, SMEs, and corporate clients. With a strong focus on customer service and financial inclusion, Sterling Bank of Asia continues to expand its digital capabilities to meet the evolving needs of the market.

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).

Stay cool this summer with Home Credit’s Swakto summer deals

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Home Credit Philippines is a financing company duly licensed and supervised by the Securities and Exchange Commission (SEC) and the Bangko Sentral ng Pilipinas (BSP).