Page 49 - Skyro PR Report - October 2025

Skyro and Fasset Partner to Revolutionise Gulf's Cross-Border Digital Payments - Arageek
For those unfamiliar, Skyro operates under Bahrain-based Breeze Ventures and already runs financial access platforms in
the Philippines, offering lending and saving tools tailored for emerging markets. Fasset, on the other hand, has built a name

among those aiming for decentralised finance growth; it even launched its own Ethereum Layer 2 network called Own. The
startup’s raised about USD 26.7 million so far and holds regulatory approval in a fair few countries including the UAE,

Malaysia and Indonesia.

This kind of regional tie-up feels typical of what we’ve been witnessing throughout the MENA ecosystem recently:

partnerships stitched together by ambition and pragmatism, testing what works before scaling it further afield. On the flip
side, integrating new digital assets with consumer-facing products isn’t exactly a walk in the park — stablecoins and

regulations can be a minefield. Still, the willingness to bridge those gaps shows how far the regional mindset has come.

I remember chatting with a young Bahraini founder earlier this year who called these collaborative ventures “the GCC’s

new oil” — not in the literal sense, but in the way they fuel creativity and opportunity. Watching this sector grow has been,
well… pretty inspiring, even if the pace is sometimes dizzying. And as Arageek keeps emphasising, empowering startups

and fintech innovation here isn’t just about capital, it’s about giving users across our region better, fairer access to modern
financial tools.

So yes, Skyro and Fasset’s handshake at GITEX might seem like another line in a busy week of announcements, but it’s a
telling one. It illustrates how the next generation of fintech alliances are shaping up — collaborative, region-focused, and
decidedly outward-looking. I’m definately curious to see what cross-border product they roll out first.

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