Midas, which enables Turkish citizens to invest in both the American stock exchanges and Borsa Istanbul, is on our agenda with a major investment.
American stock markets and To Borsa Istanbul Midas, the finance application that offers investment opportunities, has achieved significant success with the $45 million Series A investment it received from global investors. This investment is Turkey’s largest early stage fintech investment and was recorded as the 2nd largest early stage investment.
The number of Midas users has increased recently exceeded 2.5 million. Midas, which has provided the opportunity to invest in American stock exchanges and Borsa Istanbul on a single platform to date, offers its users a new investment of 45 million dollars. crypto assets and investment funds It also aims to offer investment opportunities.
Nasdaq celebrates Midas on giant screen in New York’s Times Square
Midas’ record investment of 45 million dollars took place at a critical period for financial stability, when recession was being discussed in the global economy. It is a very valuable investment for the sector as it was purchased during a difficult period. US-based Nasdaq, the world’s largest technology stock exchange, is displayed on a giant screen in Times Square. celebrated Midas.
Old and new investors met in a record investment round
Canadian-based company, which stands out as an investor of important companies in the field of financial technologies on a global scale. Portage Ventures Led a record investment round of $45 million. The other new investor in the round is the investment arm of the World Bank IFC happened. In addition, Midas’ world-famous existing investors Spark Capital, Earlybird Digital East Fund and Revo Capital renewed their investments in this round and renewed their trust in Midas. Prior to this, Midas acquired from Spark Capital, Earlybird Digital East Fund and Revo Capital in 2022. $11 million had received investment.
Paul Desmarais III, Co-Founder of Portage Ventures, who led the Series A round. “Midas leads the transformation trend in Turkey’s financial world. As Portage, we invest in innovative financial technologies on a global scale. We think Midas is ready to lead transformation and innovation in a region open to new financial technologies. We are very pleased to be a part of Midas’ journey and to support this strong team in accessing investment tools for users in Turkey..” said.
“Our biggest goal is for our users to have the lowest commissions and the smoothest experience in all investment products.”
Midas CEO Egem Eraslan“This investment once again demonstrated Midas’ determination to become the only mobile application for all investment needs. The fact that the world’s largest funds have invested so heavily in Midas shows the trust they have in Midas. Our biggest goal is for our users to have the lowest commissions and the smoothest experience in all investment products. In the coming days, our users will be able to invest in crypto assets and TEFAS funds, as well as Turkish and American stock markets, via Midas. With the support provided by this investment, we will accelerate the transformation in the Turkish investment ecosystem.He expressed his goals with the words: