The investment app operating in our country, Midas, made headlines on April 22 with a notable development. According to the announcement, the company received a $45 million Series A investment from global investors. With this fund, the company became Turkey’s largest early-stage financial technology recipient.
Midas’s Remarkable Achievement
This exciting development was announced today on Midas’s official website. Serving its customers on the Istanbul Stock Exchange and the United States stock exchanges with zero commission fees, the company plans to offer the same service for cryptocurrencies and investment funds with this funding.
With this development, Nasdaq in Times Square celebrated the Midas team on a giant screen. In this investment round, Canada-based Portage Ventures took the lead, while well-known companies like Spark Capital, Earlybird Digital East Fund, and Revo Capital also participated. Paul Desmarais, Founding Partner at Portage Ventures, expressed his pleasure:
“We are delighted to be a part of Midas’s journey and to support this strong team in improving access to investment tools for users in Turkey.”
