TD SYNNEX company Tech Data is set to launch Tech Data Capital in Singapore, Australia, and India in a move to facilitate partner growth by delivering flexible financing solutions.
Backed by select financial organisations, the solutions will be offered exclusively to its partners and end-customers.
The company’s expansion comes after its previous launches in North America and Europe.
According to Tech Data, its expansion represents a significant step forward in utilising its strength, agility, and expertise to provide solutions tailored to the requirements of the channel ecosystem.
Several partners are actively looking for alternative sources of funding or improved payment solutions to finance business growth, invest in new technologies, and address customer demand, said Tech Data.
Tech Data Capital’s value-added payment solutions will enable IT channel partners and their clients to explore new ways of extending their overall purchasing power.
This will facilitate the increase of profits as well as rapid growth of the IT ecosystem.
The partnership with selected financial institutions will also help Tech Data Capital to optimise the financing process where a payment solution can be integrated into a product sale and be funded for the full term upfront.
It will mitigate credit risk for the partner and provide increased customer value.
The company’s partners will also be able to offer funding options, including instalment payments and deferred payments with terms ranging from 12 to 60 months.
Tech Data APJ chief financial officer Matt Shifrin said: “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.
“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.”