Midas, a retail investing startup that gives access to US and Turkish equities in Turkey, has raised USD11 million in equity funding in a round led by Spark Capital and Earlybird Digital East Fund.
Midas, a retail investing startup that gives access to US and Turkish equities in Turkey, has raised USD11 million in equity funding in a round led by Spark Capital and Earlybird Digital East Fund.
The fundraise comes just eight months after inception, and also incudes participation from Nigel Morris, and Revo Capital. This round is one of the largest fintech seed investments to date in Turkey.
Midas launched with a large waitlist in April 2021, and over USD100 million has now been traded on the platform. In less than a year since launch, Midas now has a team of 70 people based in Istanbul. The funds will be used for launching cryptocurrency products, building infrastructure to power banks and neo-banks in their investment offerings, as well as growing the user base.
