Tech Data Capital expands to Singapore, Australia & India

Tech Data, a TD SYNNEX Company, has announced the launch of Tech Data Capital in Singapore, Australia, and India. The initiative aims to offer flexible financing solutions powered by selected financial institutions to Tech Data's partners and end-customers.

Following earlier introductions in North America and Europe, this expansion harnesses Tech Data's strength, agility, and expertise in delivering solutions that cater to the needs of the channel ecosystem. Tech Data Capital's payment solutions provide IT channel partners and their clients with new ways of extending their purchasing power for enhanced profits and expedited growth within the IT ecosystem.

The tech firm began operations in Singapore on 6 May 2024. Australia will soon follow on 16 May 2024. The launch in India has yet to be announced.

Matt Shifrin, Chief Financial Officer at Tech Data APJ, states that the APJ (Asia Pacific & Japan) technology market, while dynamic and laden with opportunities for growth and innovation, is faced with the real challenge of credit and financial scalability. By aligning with their financial partners, Tech Data Capital purports to offer flexible payment solutions that enable their partners and end-customers to upscale their purchases and operations, thereby accelerating business growth and furthering the overall IT ecosystem.

According to a recent Direction of Technology report for APJ, financial scalability emerged as a significant challenge for 59% of partners in the region. This highlights the importance of such alternative sources of finance and accelerated payment solutions required to fund business growth, introduce new technologies, and satisfy customer demand.

Jaideep Malhotra, President of TD SYNNEX, Asia Pacific & Japan, underscored that robust financing is crucial for partners to capture growth across the APJ region. "Tech Data Capital is a tool designed to enhance the financial capacity of our ecosystem to address rapidly changing business models and evolving customer demands."

Through its collaboration with selected financial institutions, Tech Data Capital seeks to streamline the financing process, allowing a payment solution to be integrated into a product sale and be funded for the full term upfront. This arrangement mitigates credit risk for the partner and increases customer value.

Partners will have access to dedicated financial teams with expertise, extensive training, and integrated selling in addition to product marketing and sales teams. They will be able to offer financing options such as instalment payments and deferred payments, with terms ranging from 12 to 60 months.

Tech Data's launch of Tech Data Capital in the Asia Pacific & Japan region signifies a strategic move to address the financing challenges faced by partners and end-customers in the dynamic technology market. By offering flexible payment solutions and aligning with financial institutions, Tech Data aims to empower businesses to scale their operations and drive growth in the IT ecosystem. This initiative demonstrates Tech Data's commitment to supporting its partners and highlights its agility and expertise in delivering innovative solutions to meet evolving market needs.