Midas, Turkey’s leading investment platform, has secured $80 million in its Series B funding round, marking the largest investment ever for a Turkish fintech. This brings the company’s total funding to over $140 million and underscores growing international confidence in its vision.
Since launching in 2020, Midas has transformed investing for 3.5 million users, giving them easy access to Borsa Istanbul, U.S. stock markets, mutual funds, and cryptocurrencies all on a single platform. Millions of first-time investors have already joined, saving nearly $50 million in fees, while enjoying a simple, commission-free experience.
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The funding round was led by QED Investors and welcomed new backers including IFC, HSG, QuantumLight, Spice Expeditions LP, and returning investors Spark Capital, Portage Ventures, and Bek Ventures. These are the same investors behind global technology leaders like TikTok, Coinbase, Nubank, Revolut, and Slack, signaling strong confidence in Midas’ pioneering role in Turkey’s fintech landscape.
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“Midas is giving Turkish investors access to global markets like never before, using innovative fintech tools to make investing simple and seamless,” said Yusuf Özdalga, Partner at QED Investors.. “We’re thrilled to partner with Egem and his team, who have built a world-class product and culture. This is just the beginning of an exciting journey in Turkey and beyond.”
Looking ahead, Midas is using the new capital to launch advanced tools for active traders, including margin investing, advanced analytics, and derivatives trading for both Turkish and U.S. equities. U.S. options trading will kick off in September, complete with real-time market data, competitive pricing, and intuitive interfaces—bringing the “Midas Standard” to a whole new level of investing.
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Security and reliability remain top priorities. Midas is further strengthening its infrastructure to global standards, ensuring a safe and uninterrupted investing experience for all users.
“From day one, our mission has been to make investing accessible, affordable, and seamless for everyone,” said Egem Eraslan, Chief Excutive Officer of Midas. “With this new funding, we’re building a unified investment ecosystem, expanding advanced trading tools, and reinforcing our technology and security. Our goal is to continue serving individual investors across Turkey and globally, empowering everyone to invest with confidence.”
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