Tech Data, a subsidiary of TD SYNNEX, is introducing Tech Data Capital across Singapore, Australia, and India, unveiling flexible financing solutions in collaboration with chosen financial institutions exclusively for its partners and end-customers. This expansion follows previous rollouts in North America and Europe, reinforcing Tech Data’s commitment to leveraging its expertise and agility in providing tailored solutions for the channel ecosystem.

As the landscape of technology evolves rapidly, stakeholders such as vendors, distributors, and partners increasingly rely on the channel to validate and scale new technologies while seeking guidance and business insights. Many partners are exploring alternative financing options to fuel business growth, invest in new technologies, and meet customer demands. According to the recent Direction of Technology 2023 Report for Asia Pacific & Japan (APJ), credit and financial scalability emerged as significant challenges for 59% of partners in the region.

With Tech Data Capital’s value-added payment solutions powered by selected financial institutions, IT channel partners and their clients gain access to innovative ways to enhance their purchasing power, ultimately boosting profits and fostering the growth of the IT ecosystem.

Through collaborations with chosen financial institutions, Tech Data Capital streamlines the financing process by integrating payment solutions into product sales and securing upfront funding for the full term, thus mitigating credit risks for partners and enhancing customer value. Partners will also benefit from dedicated financial teams equipped with expertise, comprehensive training, and integrated support alongside product marketing and sales teams. Financing options such as installment payments and deferred payments will be available, with terms ranging from 12 to 60 months.

Tech Data Capital is set to launch in Singapore on May 6, 2024, followed by Australia on May 16, 2024, with the launch date for India to be announced later.