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Tech Data Expands into Singapore, India, & Australia: Driving Global Growth

TD SYNNEX Company is launching Tech Data Capital in Singapore, Australia, and India. It will provide flexible financial solutions powered exclusively by selected financial institutions to its partners and end users.

Following previous product launches in North America and Europe, this expansion marks Tech Data's efforts to leverage its strength, agility, and expertise to deliver solutions that meet the needs of the channel ecosystem will provide the solution.

As rapid technological change presents significant business challenges, vendors, distributors, and partners see routing as a reliable channel for guidance and operational insights to adopt and scale new technology. More partners find new sources in Asia to finance infrastructure development and invest in new technologies.

According to our recent Technology Direction 2023 report on Pacific Japan (APJ), debt and liquidity emerged as key challenges for 59% of partners in the region.

With Tech Data Capital’s value-added payment solutions powered by select financial institutions, IT channel partners and their customers have new options to expand their overall purchasing power, increase profitability, and accelerate IT ecosystem growth.

“While the APJ technology market is dynamic and competitive with plenty of opportunities for growth and innovation down the road, cost and financial performance remain a challenge,” said Matt Shiffrin, 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 services and facilitate faster business development to fuel the entire IT ecosystem forward."

“Tech Data is committed to empowering our partners with the tools needed for current and future success through agile business models. There is an urgent need for strong funding from partners to capture the progress in the APJ region. Tech Data Capital is one such tool for our ecosystem, which will give them the financial capacity to meet rapidly changing business models and changing customer needs,” said Jaideep Malhotra, President, TD Synnex, Asia Pacific & Japan.

Through partnerships with selected financial institutions, Tech Data Capital ventures streamlines the financing process whereby payment solutions can be incorporated into commodities and receive advance funding throughout. This eliminates the partner's credit risk and improves customer value.

Partners will also have access to dedicated, talented finance teams, advanced training, and integrated sales alongside product and sales teams. Partners can offer financing options such as installment payments and deferred payments, with terms ranging from 12 months to 60 months. Tech Data Capital will launch in Singapore on May 6, 2024, and in Australia on May 16, 2024. Later announcements will be made.

Conclusion: Tech Data’s businesses in Singapore, India, and Australia represent an important milestone in its global expansion journey. By seizing growing market opportunities, promoting innovation, and prioritizing customer success, the company is poised to strengthen its position as a technology distributor and solution provider in the Asia-Pacific region and beyond.