The Work Index by Flexa

Midas

Midas is a Turkish fintech company providing a mobile application for investing in stocks, funds, and cryptocurrencies on both Turkish and American markets.

5.3

/10

Transparency ranking

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Description

Midas is a Turkish fintech company that offers a mobile investment platform for both Borsa Istanbul (BIST) and US stock exchanges. Midas differentiates itself through its low commission rates and user-friendly interface. The platform allows users to invest in stocks, ETFs, mutual funds, and cryptocurrencies, all from a single app. Midas also provides educational content and market analysis tools to help users make informed investment decisions.

Midas is a relatively new company but has gained significant traction in the Turkish market. They received a record $45 million in Series A funding in 2024, becoming Turkey's top fintech company in terms of early-stage investment. The company emphasizes security, with its investment accounts secured by the Securities and Exchange Commission (SEC) and the Securities Investor Protection Corporation (SIPC). Midas is committed to transparency and is regulated by the Capital Markets Board (SPK) in Turkey.

Mission

Midas aims to revolutionize the investment world by providing a simple, accessible, and user-friendly platform for individuals to invest in both Turkish and international markets. With their app, users can invest in stocks, ETFs, mutual funds, and cryptocurrencies with low commissions and transparent fees, while benefiting from educational resources and real-time market data. Midas focuses on empowering individuals with the tools and knowledge to make informed investment decisions and achieve their financial goals.

Disruptor

Culture

Midas promotes a culture that is focused on innovation, user-friendliness, and a commitment to transparency. They emphasize breaking down barriers in the investment world and providing accessible, easy-to-use tools for all users. Their emphasis on accessibility is reflected in their low-commission fees, clear and concise communication, and educational resources. They also strive to be a trusted and reliable partner for investors, highlighting their legal responsibilities and adherence to regulations.

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