TD Synnex Capital aims to 'eliminate credit risk' for partners with new flexible finance solutions

The distributor has launched a Tech-as-a-Service finance option, which can be integrated into a product sale

TD Synnex partners in the UK will now be able to access a new range of financial and leasing services that should provide flexible payment options for customers.

These services will come through the captive finance arm of distributor TD Synnex.

TD Synnex Capital will now offer a payment solution - or Tech-as-a-Service option - for any product in the TD Synnex portfolio that can be integrated into a product sale and will be funded for the full term up-front, "eliminating credit risk for the channel partner".

The US distributor giant says these solutions now available in the UK and will be rolled out across Europe in the coming months.

"We are excited to launch TD Synnex Capital in Europe and thrilled that the UK will be our first country in the region," said Wayne Peters, global vice president, financial solutions, TD Synnex.

"The expansion of TD Synnex Capital in Europe will allow our reseller partners and vendors in the region to offer more flexible payment and leasing solutions to their clients as well as engage on a transactional or even more strategic, programmatic level.

"Having our own captive finance company allows us to provide an exceptional customer experience from quote to funding, which is our top priority. This is the next step in delivering a truly integrated, global approach to the TD Synnex channel."

David Watts, SVP and managing director for UK and Ireland at TD Synnex, added: "As customers continue to digitally transform, there is more pressure on partners to provide alternative ways to pay for new technology.

"TD Synnex Capital gives partners the tools to offer a robust financing and leasing portfolio without added risk or cost.

"What we are saying to partners is ‘let our money work for you', and with our channel expertise and experience, focus on the customer, and the backing of one of the world's largest IT distributors, we are confident that TD Synnex Capital will be the first choice for businesses in need of financing options for technology procurement."