Midas Raises $80 Million in Series B Funding, Leading Turkey's Fintech Investment Landscape

Midas Secures $80 Million Series B Funding

Midas, a pioneer in Turkey's fintech sector, has recently announced a groundbreaking $80 million raised in its Series B funding round. This funding represents the largest single investment that a Turkish fintech company has ever achieved. With this latest round, Midas's total funding has surpassed $140 million, emphasizing the platform's rapid expansion and the growing trust of investors in its vision.

Founded in 2020, Midas has revolutionized the investment landscape for Turkish users, providing access to Borsa Istanbul, U.S. stock markets, mutual funds, and cryptocurrencies from a single, user-friendly platform. Currently, Midas serves approximately 3.5 million investors, highlighting its effectiveness in democratizing investment opportunities in Turkey.

Backing from Global Fintech Investors

The recent funding round was led by QED Investors, a globally recognized fintech fund. Midas's latest investors include respected names such as the International Finance Corporation (IFC), HSG (previously Sequoia China), QuantumLight (established by Revolut's CEO Nik Storonsky), Spice Expeditions LP, and George Rzepecki. Previous supporters such as Spark Capital, Portage Ventures, Bek Ventures, and Nigel Morris reaffirmed their backing during this round, reflecting sustained confidence in Midas’s operations and potential.

Yusuf Özdalga, a Partner at QED Investors, expressed enthusiasm about Midas’s efforts: “Midas has unlocked access to vast domestic and global investment opportunities for Turkish users, utilizing cutting-edge fintech tools. We are proud to lead Midas’s Series B round and look forward to supporting their growth journey.” This sentiment echoes the growing trust in Midas's capabilities and potential to reshape the fintech landscape.

Transforming the Investment Paradigm

Since its inception, Midas has fundamentally transformed how individuals in Turkey engage with financial markets. The platform offers a seamless and commission-free trading experience, which has welcomed many first-time investors. Users have collectively saved around $50 million in transaction fees, with a significant percentage initiating their investment journey on the Midas platform.

Midas has continuously set new industry benchmarks, notably reducing costs for users. In a significant move, the platform slashed U.S. trading fees by 90% and eliminated all commissions for trades executed on the Borsa Istanbul in 2025. This initiative positions Midas as the leading choice for Turkish retail investors, offering free live market data and instant, fee-free transfers.

Expansion Plans and Security Investments

With an eye toward future growth, Midas is expanding its product offerings to cater to more sophisticated investors. The recent capital influx will facilitate the launch of derivatives trading for both Turkish and U.S. equities, beginning September with U.S. options trading. This will provide traders access to real-time data, competitive pricing, and a user-friendly interface, all under the