Tech Data, a leading global distributor and solutions aggregator, is bringing its innovative financing solution, Tech Data Capital, to the Asia-Pacific region. With this expansion, Tech Data aims to address the challenge of credit and financial scalability faced by partners in the technology industry.
As technology continues to rapidly evolve, vendors, distributors, and partners rely on the channel to validate and scale new technologies. However, many partners struggle to find financing options that support their business growth and investment in new technologies. According to a recent report, 59% of partners in the Asia-Pacific region identified credit and financial scalability as a key challenge.
Tech Data Capital offers flexible payment solutions powered by selected financial institutions, empowering IT channel partners and their clients to increase their overall purchasing power and accelerate the growth of the IT ecosystem. Through this initiative, partners will have access to value-added financing options such as installment payments and deferred payments, with terms ranging from 12 to 60 months.
Matt Shifrin, Chief Financial Officer of Tech Data APJ, recognizes the demand for flexible financing solutions in the dynamic and competitive Asia-Pacific technology market. “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,” says Shifrin.
Jaideep Malhotra, President of TD SYNNEX, Asia Pacific & Japan, emphasizes the importance of robust financing to capture growth opportunities across the region. Tech Data Capital is an essential tool that enhances the financial capacity of partners, enabling them to adapt to rapidly changing business models and evolving customer demands.
By partnering with selected financial institutions, Tech Data Capital simplifies the financing process, eliminating credit risk for partners and providing increased customer value. In addition to financing options, partners will have access to dedicated financial teams, comprehensive training, and integrated selling alongside product marketing and sales teams.
Tech Data Capital will officially launch in Singapore and Australia on May 6th and 16th, 2024, respectively, with the launch for India to be announced at a later date.
Tech Data is committed to empowering its partners with business model agility and essential tools for current and future success. The expansion of Tech Data Capital to the Asia-Pacific region demonstrates Tech Data’s dedication to supporting its partners’ growth and driving innovation in the IT ecosystem.
About Tech Data:
Tech Data, a TD SYNNEX company, is a global distributor and solutions aggregator for the IT ecosystem. With over 150,000 customers in 100+ countries, Tech Data helps maximize the value of technology investments, demonstrate business outcomes, and unlock growth opportunities. The company’s portfolio includes cloud, cybersecurity, big data/analytics, AI, IoT, mobility, and everything as a service. For more information, visit www.techdata.com/apac or follow Tech Data on LinkedIn and Facebook.
Tech Data’s expansion of Tech Data Capital to the Asia-Pacific region comes in response to the challenge of credit and financial scalability faced by partners in the technology industry. According to a recent report, 59% of partners in the Asia-Pacific region identified credit and financial scalability as a key challenge. This expansion will help address this challenge by offering flexible payment solutions powered by selected financial institutions.
The Asia-Pacific technology market is dynamic and competitive, and there is a demand for flexible financing solutions. Matt Shifrin, the Chief Financial Officer of Tech Data APJ, recognizes this demand and believes that Tech Data Capital’s flexible payment solutions will empower partners and customers to scale their purchases and operations, facilitating accelerated business growth and propelling the overall IT ecosystem forward.
Jaideep Malhotra, the President of TD SYNNEX Asia Pacific & Japan, emphasizes the importance of robust financing to capture growth opportunities across the region. Tech Data Capital will enhance the financial capacity of partners, enabling them to adapt to rapidly changing business models and evolving customer demands.
By partnering with selected financial institutions, Tech Data Capital simplifies the financing process and eliminates credit risk for partners, providing increased customer value. In addition to financing options, partners will have access to dedicated financial teams, comprehensive training, and integrated selling alongside product marketing and sales teams.
The expansion of Tech Data Capital to the Asia-Pacific region will officially launch in Singapore on May 6th, 2024, and in Australia on May 16th, 2024. The launch for India will be announced at a later date.
Advantages of Tech Data Capital include the flexibility it offers partners in terms of payment solutions, allowing them to increase their overall purchasing power and accelerate the growth of their IT ecosystem. It also simplifies the financing process and eliminates credit risk for partners, providing increased customer value.
However, there may be some challenges or controversies associated with Tech Data Capital’s expansion to the Asia-Pacific region that are not mentioned in the article. These could include potential competition from existing financing solutions in the region, concerns about the terms and conditions of the financing options, or potential regulatory hurdles in some countries.
For more information about Tech Data, readers can visit their official website at www.techdata.com/apac.