Midas Raises $45M to Expand Product Lines and Enter Emerging Markets

Midas Raises $45M in Series A Funding

Key Highlights:

• Series A Funding: Midas, a retail investing startup based in Istanbul, Turkey, raised $45 million in Series A funding.
• Investors: Funding round led by Portage, with participation from International Finance Corporation, Spark Capital, Earlybird Digital East Fund, and Revo Capital.
• Expansion Plans: Midas aims to introduce new product lines, including crypto trading, mutual funds, and a savings product. The company also plans to double its headcount to over 400 employees and expand into emerging markets.

Midas's Target Market

• Target Market: Retail investors in Turkey seeking affordable access to Turkish and US equities.
• Emerging Markets: Expansion plans include entering new emerging markets to provide retail investing opportunities.
• Financial Education: Midas focuses on educating investors through financial content, including real-time stock market data, news, company profiles, documentaries, podcasts, and newsletters.

What Midas Needs to Buy

• Technology and Development: Investments in technology infrastructure and development to support the expansion of product lines, including crypto trading and mutual funds.
• Market Expansion: Resources for entering new emerging markets and establishing a presence in regional markets.
• Marketing and Customer Acquisition: Strategies and services to attract and onboard new retail investors in target markets.