Tech Data Capital to Launch in Singapore, India, and Australia to Empower Partner Growth Through Flexible Financial Solutions
06 Maggio 2024 - 4:00AM
Business Wire
Tech Data Capital offers partners flexible
payment options and enables greater credit capacity to tackle the
financial scalability challenge partners face today
Tech Data, a TD SYNNEX Company, is launching Tech Data Capital
in Singapore, Australia, and India, offering flexible financing
solutions powered by selected financial institutions exclusively to
its partners and end-customers. Following earlier launches in North
America and Europe, this expansion further bolsters efforts to
leverage Tech Data’s strength, agility, and expertise in delivering
solutions that cater to the needs of the channel ecosystem.
As rapid technological changes introduce significant business
challenges, vendors, distributors, and partners are seeing the
channel as a reliable source to validate and scale new technologies
and to obtain guidance and business insights. Many partners are
exploring alternative sources for financing or enhanced payment
solutions to fund business growth, invest in new technologies, and
meet customer demand. 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 partners in the
region.
With Tech Data Capital’s value-added payment solutions that are
powered by selected financial institutions, IT channel partners and
their clients have new ways of extending their overall purchasing
power, to increase profits and accelerate the growth of the IT
ecosystem.
“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,” said Matt
Shifrin, Chief Financial Officer, Tech Data APJ. “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 accelerated business growth
while propelling the overall IT ecosystem forward.”
“Tech Data is committed to empowering our partners with business
model agility and the tools essential for current and future
success. Robust financing is an urgent need for partners to capture
growth across the APJ region. Tech Data Capital is one of such
tools for our ecosystem, that will enhance their financial capacity
to address rapidly changing business models and evolving customer
demands,” said Jaideep Malhotra, President of TD SYNNEX, Asia
Pacific & Japan.
Through its partnership with selected financial institutions,
Tech Data Capital simplifies the financing process where a payment
solution can be integrated into a product sale and be funded for
the full term upfront. This eliminates credit risk for the partner
and provides increased customer value. Partners will also gain
access to dedicated financial teams with expertise, comprehensive
training, and integrated selling alongside product marketing and
sales teams. Partners will be able to offer financing options such
as installment payments and deferred payments, with terms ranging
from 12 to 60 months.
Tech Data Capital launches in Singapore on 6 May 2024 and in
Australia on 16 May 2024. The launch for India will be announced at
a later date.
About Tech Data
Tech Data, a TD SYNNEX (NYSE: SNX) company, is a leading global
distributor and solutions aggregator for the IT ecosystem. We’re an
innovative partner helping more than 150,000 customers in 100+
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 believe we can have a positive impact on our
people and our planet, intentionally acting as a respected
corporate citizen. We aspire to be a diverse and inclusive employer
of choice for talent across the IT ecosystem. For more information,
visit www.techdata.com/apac or follow us on LinkedIn and
Facebook.
Safe Harbor Statement:
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statements" within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934
involve known and unknown risks and uncertainties which may cause
the Company's actual results in future periods to be materially
different from any future performance that may be suggested in this
release. The Company assumes no obligation to update any
forward-looking statements contained in this release.
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version on businesswire.com: https://www.businesswire.com/news/home/20240505680353/en/
Jason Loo, Head of Communications, APJ
jason.loo@techdata.com
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