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How Midas is Leveling the Playing Field for Turkish Investors

Blog post from Alpaca

Post Details
Company
Date Published
Author
Luke West
Word Count
2,655
Language
English
Hacker News Points
-
Summary

Midas, a leading fintech platform in Turkey, has revolutionized the region's retail investing landscape by offering affordable and seamless access to global markets, including US equities, through a user-friendly experience. Founded in 2021, Midas has rapidly grown its user base to nearly 4 million and manages close to $4 billion in assets under management. The platform's success is attributed to its partnership with Alpaca, which provides the technical infrastructure needed for scaling and offering complex product sets like options and 24/5 trading. Midas's strategy includes expanding its product offerings to include European equities and advanced trading features, aiming to evolve into a comprehensive financial ecosystem. With a recent $80 million Series B funding, Midas plans to enhance its marketing efforts to increase visibility and further its growth, continuing to bridge the gap between local and global financial markets for Turkish investors.