Consumer finance company Skyro has obtained a moneylender’s licence in Malaysia, giving the group authorization to conduct online moneylending as it prepares to enter its second Southeast Asian market after the Philippines.
Skyro said its Malaysian entity received the licence from Malaysia’s Ministry of Housing and Local Government (KPKT). The company plans to launch cash loans in the country in the coming months.
The expansion comes as Malaysia implements a broader consumer-credit regulatory framework following the Consumer Credit Act 2025 and the establishment of the Consumer Credit Commission. Skyro said it has grown to more than 7 million users and reached operating break-even in the first half of 2026.
In the Philippines, Skyro offers consumer financing and uses a credit-scoring model that the company says is designed to serve borrowers who may have limited access to traditional bank credit. Malaysia will become the group’s next market as it extends that model regionally.