Iranian startup companies surge in lending

Iranian startup companies surge in lending

Startup funding in Iran saw a sharp increase at the start of the current Iranian year, with bank loans rising by 123 percent compared to the same month last year. A total of 431 startups received approximately $415 million in loans, up from $186 million previously. Both state-owned and non-state banks significantly boosted their lending during this period.

Source: en.trend.az