Skyro launches digital cash loans in Malaysia after building its Philippine lending base
TechNode Global and Bernama reported on 5 November that Skyro, which has more than 7 million users in the Philippines, began offering Malaysian cash loans of up to RM1,000 after a September KPKT moneylending licence, with The Paypers confirming the launch on 6 November.
TechNode Global reported on 5 November 2026 that Skyro, a digital consumer finance group that has operated in the Philippines since 2022, has begun offering cash loans in Malaysia, its second Southeast Asian market.
Bernama reported the same day from Kuala Lumpur that Skyro launched its first credit product in Malaysia for short-term everyday financing, and The Paypers confirmed the Malaysia launch on 6 November as Skyro's second market after the Philippines.
Philippine track record
According to TechNode Global, Skyro reached operating break-even in the Philippines in the first half of 2026 and has more than 7 million registered users there with an active loan portfolio of more than USD 200 million.
The Paypers likewise said Skyro has more than seven million registered users in the Philippines and a portfolio of more than USD 200 million, and that the company reached operational break-even there just over three years after launch.
Malaysia product and licence
TechNode Global said Skyro received a moneylender's licence from Malaysia's Ministry of Housing and Local Government in September 2026. The Paypers named the ministry as KPKT and said approval came in September 2026.
Bernama said the first cash loan allows financing of up to RM1,000 on the first loan, subject to approval, with a four-month repayment tenure and a fixed interest rate of 1.5 per cent per month. TechNode Global and The Paypers reported the same MYR1,000 / four-month starting offer, with limits potentially rising to MYR10,000 for eligible customers.
How applications work
Bernama and TechNode Global said eligible Malaysian citizens with a valid MyKad and regular income apply in the Skyro app with identity verification and income documents, with applications assessed individually and most decisions arriving within minutes.
The Paypers added that customers can review the approved amount, monthly instalments, fees and total repayment before signing, and that Skyro plans to add a set credit limit for repeat borrowers, potentially before the end of 2026.
Read the web like we doTurn any page into clean, ready-to-use data with FirecrawlKey facts
- TechNode Global on 5 November 2026 reported that Skyro began offering cash loans in Malaysia as its second Southeast Asian market after operating in the Philippines since 2022.
- TechNode Global said Skyro received a moneylender's licence from Malaysia's Ministry of Housing and Local Government in September 2026, reached operating break-even in the Philippines in the first half of 2026, and has more than 7 million registered users and an active loan portfolio of more than USD 200 million in the Philippines.
- Bernama on 5 November 2026 reported from Kuala Lumpur that Skyro launched its first Malaysian credit product with first-loan financing of up to RM1,000, a four-month tenure and a fixed interest rate of 1.5 per cent per month, with applications entirely digital via the Skyro app for Malaysian citizens with a valid MyKad and regular income.
- The Paypers on 6 November 2026 confirmed the Malaysia launch as Skyro's second market after the Philippines, repeated the MYR 1,000 / 1.5% monthly / up-to-MYR 10,000 pathway, and said Skyro plans a set credit limit for repeat borrowers potentially before the end of 2026.
Official sources
Kislap reports this story for general information only. Nothing here is immigration, legal, financial, tax, medical, employment, or other professional advice; check official sources and speak with a qualified professional before acting.