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Several common buyers took part in Midas’ investment round, along with Worldwide Money Corporation, Ignite Funding, Earlybird Digital East Money, and you can Revo Financing. The newest $45 million financing round is one of the largest for a great Turkish fintech in recent years, next simply to Param, an embedded finance business one to elevated $50 million inside 2022. Midas draws evaluations to Robinhood, a popular You.S.-dependent investment program. Yet not, Midas needed to bring a new means due to the unique market requirements in the Turkey. The firm needed to make several things using its own mind-clearing and you can custody potential, that have been not required to own Robinhood. In the well-known message, saying someone provides “the newest Midas pressing” means someone is quite successful any kind of time function he otherwise she efforts.

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