Midas has achieved a milestone in the Turkish fintech landscape by securing a staggering $45 million in Series A funding. This investment marks the largest ever for a Turkish fintech company, signaling a new era of growth and innovation for the region’s financial technology sector.
Led by Canada-based fintech investor Portage Ventures, the funding round attracted significant interest from global investors, including the International Finance Corporation (IFC), Spark Capital, Earlybird Digital East Fund, and Revo Capital. Portage Ventures Founding Partner Paul Desmarais III expressed confidence in Midas’ potential to drive transformative change within Turkey’s financial sphere, emphasizing the company’s commitment to pioneering innovative financial technologies on a global scale.
Midas Secures Record Series A Funding, Revolutionizing Turkish Fintech
Moreover, Midas Founder and CEO Egem Eraslan hailed the investment as a testament to the platform’s unwavering dedication to providing users with unparalleled access to investment opportunities. Eraslan highlighted Midas’ goal of offering cost-free and user-friendly solutions for investing in various asset classes, including cryptocurrencies and investment funds. He underscored the significance of the trust placed in Midas by some of the world’s most prominent investment funds, affirming the company’s determination to emerge as the premier destination for all investment needs in Turkey.
Also, the infusion of capital will enable Midas to accelerate its efforts to revolutionize the Turkish investment ecosystem, with plans to introduce new features and expand its product offerings in the near future. Eraslan reiterated Midas’ commitment to delivering the lowest commissions and a seamless investing experience across a diverse range of financial products, including crypto assets and TEFAS funds, as well as Turkish and American stock markets.
As Midas embarks on its journey to reshape the landscape of financial services in Turkey, the support of global investors underscores the immense potential of the country’s burgeoning fintech sector. With a bold vision and a strong foundation of investor confidence, Midas is poised to lead the charge toward a more inclusive and accessible financial future for all.
Also, stay updated with the Latest Broker News.