Enter a stock exchange box in the SNAP application

According to Tejarat News, from now on, Snap will be the first startup for buying and selling mutual funds for stock investors. This news was announced in a press conference held yesterday with the presence of Majid Hesami, Chief Executive Officer of Snappi Meysam Fadaei, Financial Oversight Supervision Manager of the Exchange Organization and Davood Razaghi, CEO of New Capital.

Davood Razaghi, CEO of Tamin Sarmaye Novin, said at the meeting: Tamin Sarmaye Novin Company has started its cooperation with SNAP application in order to create an indirect investment platform in the capital market.

In this meeting, Meysam Fadaei, the supervisor of the financial institutions of the Exchange Organization, said: “The efforts of the Exchange Organization after the widespread collapse of the stock market in 1999 are aimed at creating a culture of indirect investment.” He added: “Last year, those who were in investment funds gained more returns during the peak of the market, and when the market fell, they suffered less losses.”

The Supervision Management of Financial Institutions continued: With the purchase of investment funds through the SNAP application, channels for purchasing investment instruments outside the capital market have been provided. Also, the online investment instructions have been announced by the stock exchange organization and this has been done in the SNAP application.

Majid Hesami, Chief Executive Officer of SNAP Pay, also said at the meeting: “Because investment has a higher return than indirect investment, SNAP application has provided the possibility of issuing and canceling investment funds for all people by creating a capital management platform.”

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