Skyro Obtains Moneylending Licence in Malaysia Following Success in the Philippines

KUALA LUMPUR, Malaysia – Skyro, a rapidly expanding consumer finance group, has announced the acquisition of a moneylender's license from the Ministry of Housing and Local Government in Malaysia. This license enables the company to offer online moneylending services in Malaysia, making it the second market in Southeast Asia following the Philippines.

Skyro aims to launch its first product, cash loans, in Malaysia in the upcoming months. Founded in 2022, Skyro has built a strong presence in the Philippines, where it employs an AI-powered credit-scoring model for customers who may be underserved by traditional banks. Since its inception, the company has lent over USD 600 million, reaching a user base of more than 7 million and achieving operating break-even in the first half of 2026.

Skyro intends to replicate its successful business model from the Philippines to the Malaysian market, as the country's consumer credit sector undergoes significant regulatory reform due to the Consumer Credit Act 2025 and the establishment of the Consumer Credit Commission. The company's founders, Arian Liametov and Nasim Aliev, believe that their AI-based credit assessment tools, combined with alternative data, will enable them to provide credit products to underserved consumers in Malaysia, similar to their approach in the Philippines.

Malaysia, with a population of around 35 million, represents a substantial market for digital financial services, as most residents have bank accounts but may struggle to obtain traditional bank loans due to limited credit histories or unverified income.