Midas, which has managed to gain a large investor base in Turkey by offering investments in both Turkish and many foreign stocks, announced that it has received an investment of $45 million. In the statement; “We have become Turkey’s largest early-stage financial technology company by receiving a record $45 million “Series A” investment from global investors.”

The company that contributed the most to the investment round was Canada-based Portage Ventures. The other new investor in the round was IFC, the investment arm of the World Bank. Spark Capital, Earlybird Digital East Fund and Revo Capital, who were past investors of Midas, also reiterated their investments in this round.

Cryptocurrency options are also coming

One of the most important announcements the company made in this statement was about cryptocurrencies. Speaking on the subject, company CEO Egem Eraslan said:

“We are delighted to announce our Series A fundraise, which is the biggest ever by a Turkish fintech. Just a few years ago, Turkey did not have a strong investing culture and the market was stagnant – but thanks to Midas, that is changing. We have already brought affordable, quick access to US and Turkish equities to millions of people in Turkey. This fundraise will allow us to expand our product suite further, with mutual funds, savings products, and cryptocurrency trading firmly in our sights. Longer term, we want to broaden our horizons and expand our geographic footprint beyond Turkey to become a prominent regional player.”

Congratulations from Nasdaq

Midas’ investment was also featured on the Nasdaq billboard in New York. The Nasdaq exchange congratulated Midas on the investment.