Midas has achieved significant success with a $45 million Series A investment from global investors. This investment is recorded as Turkey’s largest early-stage fintech investment and the second-largest early-stage investment.
Canadian-based Portage Ventures led the record $45 million investment round. The other new investor in the round was The World Bank’s investment arm, IFC. Additionally, Midas’s globally renowned existing investors, Spark Capital, Earlybird Venture Capital Digital East Fund, and Revo Capital, reiterated their investments in this round, reaffirming their confidence in Midas.
Paul Desmarais III, Co-Founder of Portage Ventures, who led the Series A round, said, “We are delighted to be part of Midas’s journey and to support this strong team in providing access to investment tools for users in Turkey.”
Midas CEO Egem Eraslan said, “This investment demonstrates Midas’s commitment to being the sole mobile application for all investment needs. The fact that the world’s largest funds are making such a significant investment in Midas shows their confidence in Midas.”
