Tech Data, a TD SYNNEX Company, is introducing Tech Data Capital across Singapore, Australia, and India, ushering in flexible financing solutions exclusively available to its partners and end-customers through selected financial institutions. This expansion builds upon earlier successful launches in North America and Europe, reinforcing Tech Data’s commitment to harnessing its strength, agility, and expertise in delivering tailored solutions for the channel ecosystem.
In an era where rapid technological advancements present substantial business hurdles, the channel emerges as a trusted avenue for validating and scaling new technologies, as well as gaining valuable business insights. Amidst this backdrop, many vendors, distributors, and partners are actively seeking alternative financing sources or enhanced payment solutions to fuel business expansion, invest in innovation, and meet evolving customer needs. According to our recent Direction of Technology 2023 Report for Asia Pacific & Japan (APJ), 59% of partners in the region identified credit and financial scalability as significant challenges.
Tech Data Capital addresses these challenges by providing value-added payment solutions, backed by selected financial institutions, empowering IT channel partners and their clients to extend their purchasing power, boost profitability, and accelerate the growth of the IT ecosystem.
Matt Shifrin, Chief Financial Officer of Tech Data APJ, remarked, “In the dynamic and competitive APJ technology market, credit and financial scalability remain critical hurdles. Through Tech Data Capital’s flexible payment solutions, in collaboration with our financial partners, we aim to empower our partners and customers to scale their operations, fostering accelerated business growth and advancing the overall IT ecosystem.”
Jaideep Malhotra, President of TD SYNNEX, Asia Pacific & Japan, emphasized Tech Data’s commitment to equipping partners with the agility and tools necessary for sustained success. Malhotra noted, “Robust financing is imperative for partners to seize growth opportunities across the APJ region. Tech Data Capital represents a vital resource within our ecosystem, enhancing partners’ financial capabilities to navigate evolving business models and customer demands.”
Tech Data Capital streamlines the financing process through its partnerships with selected financial institutions, enabling seamless integration of payment solutions into product sales, with upfront funding for the full term. This eliminates credit risks for partners while enhancing customer value. Additionally, partners gain access to dedicated financial teams, comprehensive training, and integrated selling support alongside product marketing and sales teams. Financing options such as installment payments and deferred payments, with terms ranging from 12 to 60 months, will be available to partners.
The launch of Tech Data Capital in Singapore on May 6, 2024, and Australia on May 16, 2024, marks significant milestones in its regional expansion. The launch for India will be announced at a later date, further underscoring Tech Data’s commitment to delivering innovative financing solutions across the APJ region.
