Tech Data to launch financing company Tech Data Capital in Australia

Tech Data has announced it will launch its financing and leasing company Tech Data Capital in Australia to offer partners flexible payment options and greater credit capacity.

Launching on 16 May 2024, the company aims to provide flexible financing solutions from select financial institutions exclusively to partners and end-customers.

In early May, Tech Data Capital launched in Singapore and India, adding to its presence in in North America and Europe.

Tech Data Capital said the Australian launch will provide partners and their clients with new ways of extending their overall purchasing power to increase profits.

“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, CFO at Tech Data Asia Pacific and Japan (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 Capital aims to simplify the financing process where a payment solution can be integrated into a product sale and be funded for the full term upfront.

The company said this eliminates credit risk for the partner and provides increased customer value.

Partners can also access dedicated financial teams with expertise, 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 is committed to empowering our partners with business model agility and the tools essential for current and future success,” said Jaideep Malhotra, APJ president of TD SYNNEX.

"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."