A TD SYNNEX Company is introducing Tech Data Capital in Singapore, Australia, and India, offering flexible financing solutions powered by selected financial institutions solely to its partners and end customers. Following previous launches in Europe and North America, this expansion further boosts efforts to leverage Tech Data’s strength, agility, and expertise in providing solutions that cater to the needs of the channel ecosystem.
As quick technological changes introduce significant business challenges, vendors, distributors, and partners are looking at the channel as a dependable source to validate and scale new technologies and to get guidance and business insights. Many partners are trying their best to find different ways for financing or better payment methods to fund business growth, meet customer demand, and invest in new technologies. Per our recent Direction of Technology 2023 Report for Asia Pacific & Japan (APJ), credit and financial scalability emerged as a key challenge for 59% of regional partners. With Tech Data Capital’s value-added payment solutions that selected financial institutions power, IT channel partners and their customers have modern ways of increasing their total purchasing power, to increase profits and quicken the growth of the IT ecosystem.
Matt Shifrin, Chief Financial Officer, of Tech Data APJ says that, while the APJ technology market is dynamic and competitive with many opportunities for growth and innovation in the channel, credit, and financial scalability remain a challenge. Together with our financial partners, Tech Data Capital’s flexible payment solutions will empower our partners and customers to scale their purchases and operations, facilitating faster business growth while boosting the overall IT ecosystem forward.
Jaideep Malhotra, President of TD SYNNEX, Asia Pacific & Japan says that Tech Data is committed to providing our partners with business model agility and the tools essential for present and future success. For partners robust financing is a very important need to capture growth across the APJ region. Tech Data Capital is one of such tools for our ecosystem, that will improve their financial capacity to address rapidly changing business models and evolving customer demands.
Through its partnership with selected financial institutions, Tech Data Capital simplifies the financing process where a payment method can be integrated into a product sale and be funded for the full term upfront. This eradicates credit risk for the partner and provides better customer value. Partners will also be able to dedicate financial teams with expertise, comprehensive training, and integrated selling along with product marketing and sales teams. Partners will be able to offer financing methods such as deferred payments and installment payments, with terms ranging from 12 to 60 months. On the 6th of May 2024, Tech Data Capital launched in Singapore, and on the 16th of May 2024, it’s hoping to launch in Australia. The launch for India will be announced soon.
For the IT ecosystem Tech Data, a TD SYNNEX (NYSE: SNX) company, is a leading global distributor and solutions aggregator. We’re an innovative partner helping more than 150,000 customers in many countries to maximize the value of technology investments, demonstrate business outcomes, and unlock growth opportunities. Headquartered in Clearwater, Florida, and Fremont, California, TD SYNNEX’s 23,000 co-workers are dedicated to uniting compelling IT products, services, and solutions from 2,500+ best-in-class technology vendors. Our edge-to-cloud portfolio is anchored in some of the highest-growth technology segments including cloud, cybersecurity, big data/analytics, AI, IoT, mobility, and everything as a service. TD SYNNEX is committed to serving customers and communities, and we trust that we can positively impact our people and planet by intentionally acting as a respected corporate citizen. We aim to be a diverse and inclusive employer of choice for talent within the IT ecosystem.
