Expansion of Tech Data Capital Empowering Partners with Flexible Financial Solutions in Singapore, India, and Australia

07 May, 2024

Expansion of Tech Data Capital Empowering Partners with Flexible Financial Solutions in Singapore, India, and Australia

Tech Data, a TD SYNNEX Company, is introducing Tech Data Capital in Singapore, Australia, and India, bringing forth flexible financing solutions in collaboration with selected financial institutions, exclusively tailored for partners and end-customers. This initiative expands upon previous launches in North America and Europe, reinforcing Tech Data’s commitment to harnessing its strength, agility, and expertise to address the evolving needs of the channel ecosystem.

In the face of rapid technological advancements, the channel has emerged as a trusted avenue for validating and scaling new technologies, offering valuable guidance and business insights to vendors, distributors, and partners. Many partners are actively seeking alternative financing sources or enhanced payment solutions to fuel business expansion, invest in emerging technologies, and meet the demands of their customers. 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.

Through Tech Data Capital’s value-added payment solutions, powered by selected financial institutions, IT channel partners and their clients gain access to new avenues for extending their purchasing power, boosting profits, and fostering growth within the IT ecosystem.

Matt Shifrin, Chief Financial Officer, Tech Data APJ, emphasized the dynamism and competitiveness of the APJ technology market, highlighting the persistent challenge of credit and financial scalability. He expressed confidence that Tech Data Capital’s flexible payment solutions, in collaboration with financial partners, will empower partners and customers to scale their purchases and operations, facilitating accelerated business growth while advancing the broader IT ecosystem.

Jaideep Malhotra, President of TD SYNNEX, Asia Pacific & Japan, reaffirmed Tech Data’s commitment to empowering partners with the agility and tools necessary for success. He stressed the critical role of robust financing in enabling partners to seize growth opportunities across the APJ region, positioning Tech Data Capital as a vital resource to enhance their financial capabilities and address evolving customer demands.

Tech Data Capital simplifies the financing process through its partnerships with selected financial institutions, allowing payment solutions to be seamlessly integrated into product sales and funded for the full term upfront. This approach mitigates credit risk for partners and enhances customer value. Additionally, partners gain access to dedicated financial teams offering expertise, comprehensive training, and integrated support alongside product marketing and sales teams. Financing options include installment payments and deferred payments, with terms spanning from 12 to 60 months.

The launch of Tech Data Capital in Singapore on May 6, 2024, and in Australia on May 16, 2024, marks a significant milestone in empowering partners and customers with innovative financial solutions. Stay tuned for updates on the launch in India, coming soon.