202422 Apr

Midas Raises $45M in Equity Funding

Summary

Led by CEO Egem Eraslan, Midas is a fintech startup that brought retail investing to millions of people in Turkey. The company currently has a team of 210 people working from its office in Istanbul, already triple the number of employees in 2022. Commenting on the news, Egem Erslan 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. Longer term, we want to broaden our horizons and expand our geographic footprint beyond Turkey to become a prominent regional player.”

Source: Finsmes

Funding

$45M
Amount
Apr 22 2024
Date
-
Investor
Midas
Company

Classifications

Companies