Tech Data, a TD SYNNEX Company, has announced the launch of Tech Data Capital in key Asia Pacific markets. This initiative, which follows successful introductions in North America and Europe, is set to debut in Singapore, Australia, and India, providing tailored financing solutions in collaboration with select financial institutions.
The launch of Tech Data Capital comes at a critical time when the IT channel is navigating the complexities of rapid technological advancements. The channel ecosystem is increasingly relied upon to validate and scale emerging technologies, offering vital guidance and business insights. Recognizing the need for alternative financing sources, Tech Data’s recent Direction of Technology 2023 Report for Asia Pacific & Japan (APJ) highlighted that 59% of partners in the region consider credit and financial scalability as major hurdles.
Tech Data Capital aims to address these challenges by offering value-added payment solutions that enhance purchasing power, boost profitability, and stimulate the IT ecosystem’s growth. “The APJ technology market is ripe with opportunities, yet credit and financial scalability are persistent obstacles,” stated Matt Shifrin, Chief Financial Officer at Tech Data APJ. “Our collaboration with financial partners introduces flexible payment solutions that enable partners and customers to expand their operations and contribute to the IT ecosystem’s momentum.”
Jaideep Malhotra, President of TD SYNNEX, Asia Pacific & Japan, emphasized the commitment to equipping partners with the necessary tools for success. “Robust financing is crucial for our partners to seize growth opportunities in the APJ region. Tech Data Capital will bolster their financial capabilities, allowing them to adapt to evolving business models and customer demands,” Malhotra added.
Tech Data Capital simplifies the financing process through its partnerships, integrating payment solutions into product sales and offering upfront funding for the full term. This approach mitigates credit risk for partners and enhances customer value. Additionally, partners will benefit from access to dedicated financial teams, comprehensive training, and integrated sales support.
The service is set to launch in Singapore today, 6 May 2024, followed by Australia on 16 May 2024, with the India launch date to be confirmed.
A global leader in IT distribution and solutions aggregation, Tech Data, a TD SYNNEX company, empowers over 150,000 customers across more than 100 countries. With a commitment to driving technology investments and unlocking growth opportunities, Tech Data is headquartered in Clearwater, Florida, and Fremont, California.
The company’s 23,000 employees are dedicated to delivering a diverse range of IT products, services, and solutions from over 2,500 premier technology vendors. Tech Data’s portfolio spans the most dynamic sectors of technology, including cloud, cybersecurity, big data/analytics, AI, IoT, mobility, and everything as a service. As a corporate citizen, TD SYNNEX is focused on making a positive impact on society and the environment, striving for diversity and inclusivity within the IT ecosystem.