The investment app operating in our country, Midas, made headlines on April 22 with a notable development. The company announced that it had 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 Significant Achievement
This exciting development was announced today on Midas’s official website. Serving its customers with zero commission fees on both the Istanbul Stock Exchange and the United States stock markets, 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 with a large display. In this investment round, Canada-based Portage Ventures took the lead, while globally recognized firms such as Spark Capital, Earlybird Digital East Fund, and Revo Capital also participated. Paul Desmairas, 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 enhancing access to investment tools for users in Turkey.”
