Skyro secures Malaysian moneylending licence for online financing operations
Consumer finance provider Skyro secured a moneylender s licence from the Ministry of Housing and Local Government to launch regulated online lending operations across Malaysia
KUALA LUMPUR - Skyro, a rapidly growing consumer finance company, has secured a moneylender's license in Malaysia from the Ministry of Housing and Local Government (KPKT). This enables the firm to conduct online moneylending operations in the Southeast Asian market. Skyro intends to launch its first product, cash loans, for Malaysian consumers in the coming months.
The company was established in 2022 and has already made a significant impact in the Philippines, where it offers AI-powered credit-scoring models to underserved customers. Skyro has disbursed over USD 600 million in loans and gained more than 7 million users, achieving operating break-even in the first half of 2026. The Malaysian consumer credit sector is seeing regulatory reforms, including the Consumer Credit Act 2025 and the creation of the Consumer Credit Commission.
Skyro's founders, Arsen Liametov and Nasim Aliev, believe their AI-based credit scoring tools are effective in serving the needs of Malaysians who face difficulties obtaining traditional bank loans due to limited credit histories or unverified income. The company plans to adapt its successful business model from the Philippines to the Malaysian market, focusing on providing transparent and controlled credit solutions to facilitate economic opportunities.
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