Türkiye’s burgeoning startup ecosystem has witnessed a monumental stride forward with Midas, a pioneering fintech venture, securing a staggering $45 million in its Series A funding round. The landmark investment, the largest of its kind in Türkiye’s fintech sector, propels Midas into the global spotlight and fuels anticipation for a transformative year ahead.
Midas, renowned for its innovative platform offering low commission rates for investing in American stock exchanges and Türkiye’s Borsa Istanbul, has emerged as a trailblazer in democratizing investment access. With over 2.5 million users within a mere three-year span, Midas has solidified its position as Türkiye’s premier stock market application.
The infusion of $45 million in fresh capital heralds a new era for Midas, empowering the company to diversify its offerings and introduce novel products to its burgeoning user base. Beyond facilitating investments in traditional stock exchanges, Midas now sets its sights on revolutionizing the crypto asset and investment fund landscape, offering users seamless access to a broader spectrum of wealth-building opportunities.
Amidst global economic uncertainties and discussions of financial instability, Midas’s record-breaking fundraise sends a resounding message of confidence in Türkiye’s fintech prowess. The momentous occasion garnered international acclaim, with Nasdaq, the world’s largest technology exchange, paying homage to Midas on the iconic screens of Times Square.
The Series A funding round, spearheaded by prominent investors such as Portage and the International Finance Corporation, underscores Midas’s pivotal role in reshaping Türkiye’s financial landscape. Paul Desmarais III, co-founder of Portage, lauded Midas as a harbinger of transformation within Türkiye’s financial sector, emphasizing the company’s commitment to fostering financial inclusion and access to wealth-building tools.
For Midas CEO Egem Eraslan, the substantial investment reaffirms the company’s unwavering dedication to providing a comprehensive investment platform catering to users’ diverse needs. Eraslan expressed gratitude for the trust placed in Midas by global investors, highlighting the company’s mission to deliver unparalleled investment experiences with minimal commissions.
As Midas charts a course towards broader horizons, fueled by the infusion of capital, the company remains steadfast in its pursuit of accelerating Türkiye’s investment ecosystem’s transformation. With a commitment to innovation and user-centricity, Midas stands poised to usher in a new era of financial empowerment and accessibility for investors across Türkiye and beyond.
