Aghsat Market puts 300 billion toman capital increase into infrastructure and product

Amin Khademi Vahed, chief executive of Aghsat Market, says a 300 billion toman capital increase will be spent on infrastructure and product development. He says the company intends to become an instalment-sales hub connecting shops to several lendtech providers, so that a retailer can reach multiple credit services through one integration instead of building a separate connection to each. He also says Aghsat Market has held a zero default rate through recent periods of stress, which he attributes to a customer base on regular salaries, and that the company has been in instalment sales for about 14 years. The source does not say whether the increase is paid-in cash or a registered-capital figure.