Skyro eyes stronger SME growth through credit access

Insider Spotlight

• Skyro says access to capital remains a key hurdle for Philippine MSMEs despite strong growth ambitions
• The fintech highlighted financing, digital payments, and partnerships as drivers of sustainable expansion
• Skyro reported a nationwide footprint of over 9,000 partner stores and more than 900,000 loans issued
  
  

Growth remains the primary objective for many micro, small, and medium enterprises (MSMEs) in the Philippines, but financing constraints continue to limit expansion efforts, according to fintech lender Skyro during the 18th Philippine SME Business Expo in Manila.

As a Platinum Sponsor of the event held at the SMX Convention Center Manila, Skyro used the gathering to encourage entrepreneurs to tap external financing and business support networks to accelerate growth and improve competitiveness.

Why it matters

MSMEs account for the vast majority of businesses in the Philippines and are a major source of employment. Access to funding remains a persistent challenge, particularly for smaller enterprises seeking to scale operations, adopt new technologies, or expand customer reach.

“The top priority of businesses is growth. But often, it is not enough for MSMEs to rely solely on their own efforts and ambitions. They must also tap outside resources available to them,” Skyro head of SME Michael Tabaday said in a press statement.

The backdrop

Citing a 2025 study by Boston Consulting Group, Skyro said 33 percent of MSMEs identified access to capital as one of their biggest business challenges, while 83 percent continued to depend on personal savings to sustain operations. The company added that 67 percent of SMEs cited survival and business expansion as their primary concern.

Despite these obstacles, Tabaday said opportunities remain strong through improved access to financing, flexible installment and credit products, fintech collaborations, and wider adoption of digital payments and social commerce.

What Skyro is offering

At the expo, Skyro highlighted benefits available to merchant partners, including potential sales growth of up to 30 percent, access to more than 5 million customers, onboarding in as fast as two days, and marketing support. Businesses operating for at least six months can apply through an online process that may take as little as 10 minutes.

“We hope this serves as a gateway for many entrepreneurs to realize that financial lending companies like Skyro can be allies in achieving their hopes and dreams for their businesses and families,” Tabaday said.

Launched in the Philippines in 2022, Skyro said it has grown to more than 9,000 partner stores, over 3,000 merchant partners, and more than 900,000 loans issued nationwide. —Vanessa Hidalgo| Ed: Corrie S. Narisma