Record investment of 45 million dollars in Midas!

Innovative investment application Midas became the financial technology company that received the largest early stage investment in Turkey, receiving an investment of $45 million from global investors.

Midas, the financial application that offers the opportunity to invest in American stock markets and Borsa Istanbul with low commission rates, has achieved a significant success with the $45 million Series A investment it received from global investors. This investment was recorded as Turkey’s largest early stage fintech investment and the 2nd largest early stage investment.

The number of users of Midas, which has become Turkey’s most used stock market application in a short period of three years, has recently exceeded 2.5 million. Midas, which has so far provided the opportunity to invest in American stock exchanges and Borsa Istanbul on a single platform with low commissions, aims to offer its users the opportunity to invest in crypto assets and investment funds in a cost-free and easy way, with a new investment of 45 million dollars.

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. The trust provided to Midas by this investment, which is very valuable for the sector as it was taken during a difficult period, had a worldwide impact.US-based Nasdaq, the world’s largest technology stock exchange, celebrated Midas on a giant screen in Times Square.

Old and new investors met in a record investment round

Canada-based Portage Ventures, which stands out as an investor of important companies in the global financial technologies field, led the record investment tour of 45 million dollars. The other new investor in the round was IFC, the investment arm of the World Bank. In addition, Midas’ world-famous existing investors Spark Capital, Earlybird Digital East Fund and Revo Capital renewed their trust in Midas by repeating their investments in this round. Prior to this, Midas received an investment of $11 million from Spark Capital, Earlybird Digital East Fund and Revo Capital in 2022.

Portage Ventures Founding Partner Paul Desmarais III, who led the Series A round, said, “Midas is leading the transformation trend in Turkey’s financial world. As Portage, we invest in innovative financial technologies on a global scale. In a region open to new financial technologies, Midas continues to lead transformation and innovation.” “We think it is ready. 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.”

“Our biggest goal is for our users to have the lowest commissions and the smoothest experience in all investment products.”

Midas CEO Egem Eraslan said, “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 made such a large investment 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.”