Alibaba’s Lazada begins to offer financing for online retailers in Southeast Asia

Alibaba’s Lazada is introducing new credit options for SMEs as it aims to boost the number of retailers in Southeast Asia, the region with 650 million consumers.

The firm announced a partnership with Finaxar that will see the fintech startup begin offering its services to Lazada sellers in Singapore. There plans to expand the arrangement to cover other parts of Southeast Asia in the future.

Two-year-old Finaxar offers a range of financial products in Southeast Asia but now it has teamed...

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