Tech Data Capital to Launch in Singapore, India, and Australia to Empower Partner Growth Through Flexible Financial Solutions

Rhea-AI Summary

Tech Data Capital, a TD SYNNEX Company, is expanding to Singapore, Australia, and India to provide partners with flexible financing solutions from selected financial institutions. This move aims to address the financial scalability challenge faced by partners, enabling them to invest in new technologies and meet customer demand. The initiative will empower IT channel partners and clients to increase purchasing power and accelerate business growth in the APJ region.

Positive

• Tech Data Capital's expansion to Singapore, Australia, and India offers partners flexible financing solutions to address the financial scalability challenge.

• The initiative enables IT channel partners and clients to extend their overall purchasing power, increase profits, and accelerate the growth of the IT ecosystem.

• Tech Data Capital's value-added payment solutions, powered by selected financial institutions, simplify the financing process and eliminate credit risk for partners, providing increased customer value.

Negative

• None.

Tech Data Capital offers partners flexible payment options and enables greater credit capacity to tackle the financial scalability challenge partners face today

SINGAPORE--(BUSINESS WIRE)-- 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:

Statements in this news release that are "forward-looking 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.

Copyright 2024 TD SYNNEX Corporation. All rights reserved. TD SYNNEX, Tech Data, Tec D, the TD SYNNEX Logo and all other TD SYNNEX company, product and services names and slogans are trademarks of TD SYNNEX Corporation. Other names and trademarks are the property of their respective owners.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240505680353/en/

Jason Loo, Head of Communications, APJ

jason.loo@techdata.com

Source: TD SYNNEX

FAQ

What is Tech Data Capital launching in Singapore, Australia, and India?

Tech Data Capital is launching flexible financing solutions for partners in Singapore, Australia, and India.

When is Tech Data Capital launching in Singapore and Australia?

Tech Data Capital is launching in Singapore on May 6, 2024, and in Australia on May 16, 2024.

Why is Tech Data Capital expanding to Singapore, Australia, and India?

Tech Data Capital aims to empower partners to address financial scalability challenges, invest in new technologies, and meet customer demand in the APJ region.