The post Alibaba’s Lazada begins to offer financing for online retailers in Southeast Asia appeared first on BardTech . 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 offers its services to Lazada sellers in Singapore. There are 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 up with the e-commerce company to provide a credit line option for Lazada sellers, as opposed to more structured financing such as loans. The credit line can last for up to six months, with up to SG$5,000-SG$1 million ($3,650-$730,000) on offer, the companies said. The service is priced at 0.7-1.5 percent every 30 days and at a rate that is pro-rated. Finaxar said all fees are shown...