Tech Data is set to launch Tech Data Capital, a captive finance company that offers leasing and financing for businesses for its technology solutions, in the Asia Pacific region next year.
Named Tech Data Capital, the move sees Tech Data follow in the footsteps of other distributors in offering leasing and financial assistance for any product in the Tech Data portfolio from now in the US, with plans to expand to Europe later this year and APAC in 2022.
According to Tech Data, payment solutions can be integrated into a sale and are also funded for the full term upfront, which the distributor claims remove credit risk for channel partners.
Tech Data Capital offers a “simplified approach to leasing and financing for businesses” and comes during the quickened pace of digital transformation projects occurring amid the ongoing COVID-19 pandemic, the company said.
“As technology continues to transform at a record pace, Tech Data Capital provides strategic, flexible finance solutions to enable our partners to close more business and add additional value for their end-users,” said Wayne Peters, vice president of financial solutions at Tech Data.