Midas, which changed the rules of the game in the field of individual investment and accelerated and facilitated investment in American Stock Exchanges, completed its second investment round. Midas has raised $11 million from Spark Capital, Earlybird Digital East, Revo Capital, and Nigel Morris, founder of Capital One.
Midas, which has been offering easy investment opportunities in Turkish and US stocks since 2020 with the CMB license, continues to grow. Spark Capital, which is among the investors of Twitter and Snapchat, and Earlybird Digital East Fund, which invests in the largest unicorns in Eastern Europe and Turkey, including UiPath and Peak, and Revo Capital, which is among the first investors of Getir. Midas, which received an investment of $11 million from capital funds, aims to develop new business models and direct this investment to new technologies in the field of investment. Midas received its first investment from DenizBank’s Venture Capital Fund, Deniz Ventures, in March 2021.
Interest from domestic and foreign funds
Speaking about the investment, Midas’ Founder and CEO Egem Eraslan said, “We are working to be the most comprehensive investment application in Turkey, we have received an investment of over $11 million from important domestic and foreign funds in less than a year. We have grown 150% in the last 3 months and formed an engineering team of 70 people. Today, we accompany the investment journey of tens of thousands of our users. We are the first investment of Spark Capital in Turkey, which is among the investors of Twitter and Snapchat and has investments in companies such as Coinbase, Plaid, Wealthfront, Alpaca and Marqeta in the field of fintech.” Egem Eraslan said, “We plan to use this investment to develop TL-based instruments and cryptocurrency products, as well as to provide investment infrastructure for other finance applications.”
Opportunity to invest in Facebook, Starbucks and Tesla
Egem Eraslan stated that they are the first and only CMB-licensed brokerage house in Turkey that shortens the investment process of users and that they have produced the infrastructure and technology from scratch that accelerates all transactions such as account opening, money transfer, share purchase and sale. “We offer the opportunity to trade on American Stock Exchanges for individual investors with a low transaction fee of $1.5 without a lower limit. Midas users can also share their earnings by investing in world-famous companies such as Google, Apple, Starbucks, Facebook, Tesla, whose products are used by almost everyone all over the world. We also offer live data for free.”
Source: getmidas.com / Translated by Irem Yildiz
