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Midas: Announced that it has raised $11 million in equity funding
BankingBusiness
Less than 1 min.Read

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

Laura M
By Laura M

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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