Skyro launches digital cash loans in Malaysia following 7 million Philippine users
Digital finance platform Skyro introduced cash loan services in Malaysia after expanding its retail customer base to 7 million users across the Philippines
Skyro, a rapidly growing digital finance group that achieved operational break-even in the Philippines just over three years after its launch, has introduced its first lending product in Malaysia. The company is starting with digital cash loans and aims to expand its offering by introducing a product with an approved credit limit, potentially before the end of 2026.
Skyro, which has operated in the Philippines since 2022 and boasts a registered user base of more than 7 million and an active loan portfolio exceeding US$200 million, secured approval from Malaysia's Ministry of Housing and Local Government in September 2026 to provide online moneylending services. The new Malaysian product offers cash loans of up to RM1,000 (approximately US$250) with repayment terms of up to four months, with the company planning to gradually increase borrowing limits for eligible customers.
The application process is entirely digital, and applicants can review their approved loan amount, monthly installments, fees, and total repayment obligation before signing the loan agreement.
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