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11 million dollars investment in Midas

Individual investment platform Midas received an investment of 11 million dollars from Nigel Morris. In the statement made by Midas, it was...

Yazar: James Gordon

Yayınlanma: 8 Şubat 2022 03:20

Güncellenme: 29 Ağustos 2024 20:30

In the statement made by Midas, it was reported that the company received an investment of 11 million dollars from Spark Capital, Earlybird Digital East, Revo Capital, and Nigel Morris, the founder of Capital One, in its second investment round.

Midas Founder and CEO 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 financial applications."

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 dollars from important domestic and foreign funds in less than a year. We have grown 150 percent in the last 3 months and formed an engineering team of 70 people. Today, we accompany the investment journeys 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 financial applications."

Opportunity to invest in Facebook, Starbucks, and Tesla

They state 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 trading, Egem Eraslan said, "Without a lower limit, as low as 1.5 dollars. We offer trading on American stock exchanges for individual investors with a transaction fee. Midas users can also share their earnings by investing in world-famous companies such as Google, Apple, Starbucks, Facebook, and Tesla, whose products are used by almost everyone all over the world. We also offer live data for free."

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