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Midas: Announced that it has raised $11 million in equity funding

Midas: Announced that it has raised $11 million in equity funding

  • Midas, a retail investing startup that gives access to US and Turkish equities in Turkey
  • The fundraise comes just 8 months after their inception and is led by Spark Capital and Earlybird Digital East Fund
  • This is one of the largest fintech seed investments to date in Turkey
  • Launched with a large waitlist in April 2021, and over $100m has now been traded on the platform
  • The funds will be used for launching cryptocurrency products, building infrastructure to power banks
  • The first retail investment app in Turkey to offer low commission trading, fractional shares and US equities
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Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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