Aspire, Lazada rolls out boost programme

The partnership offers working capital loan of up to $100,000.

E-commerce giant Lazada partners with fintech startup Aspire to provide online merchants with access to working capital during the pandemic, according to an announcement.

Under the boost programme, Aspire offers working capital loan of up to $100,000 within three hours of application.Upon approval, the capital can be drawn down immediately to the registered bank account.

Business owners can apply online through Aspire’s website, or sign up via MyInfo, which offers one-click integration. Owners can then log-in through their Lazada seller accounts, removing any need for paperwork involved in the credit process.

The programme is open to Lazada sellers who have been in operation for at least three months on the platform.