Retail investing startup Midas raises $45 million to roll out crypto, mutual fund, and savings account products

07.08.2025 - 18:03:47

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The $45 million fundraise was led by Portage and is one of Turkey's largest ever Series A roundsNew capital will help Midas roll out a host of new product lines including crypto trading, mutual funds, and a savings product, with plans to double its headcount to 400+, and expand into emerging marketsMidas hit profitability last year and, with two million users since its 2021 launch, the company is on course to revolutionize Turkey's investing market, and expand into new markets
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About Midas

Founded in 2020, Midas makes investing effortless for first-time investors in Turkey via its fast, easy-to-use digital stock brokerage app.

Those factors meant there was a gap in the market for an app that enabled people to easily invest in Turkish and US stocks, which Midas has filled. Midas offers low transaction fees for investments in US stocks, fractional investing, and free live market data. The Borsa Istanbul (Turkish stock market) product offers commission-free trading of Turkish stocks.

To date, Midas has more than two million total users, and that number is projected to increase to five million by the end of 2024. Last year alone, it saved $70m in commissions for its customers.

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