Midas Secures Record $80 Million in Series B Fintech Investment in Turkey

Midas Secures Historic $80 Million Series B Funding

In a groundbreaking achievement for the fintech landscape in Turkey, Midas, the nation's premier investment platform, has successfully raised $80 million in its Series B funding round. This monumental investment marks the largest amount ever secured by a Turkish fintech company, bringing Midas's total funding to over $140 million since its inception. Founded in 2020, Midas has accelerated its growth by providing innovative investment solutions to the Turkish market, serving a community of 3.5 million investors.

Understanding Midas's Revolutionary Impact

Midas offers a unique platform that connects its users to Istanbul Stock Exchange, U.S. stock markets, mutual funds, and cryptocurrencies. With the new capital injection, Midas aims to enhance its security infrastructure to meet international standards, along with launching advanced products tailored for active traders. This commitment to innovation is propelling Midas at the forefront of Turkey's financial technology revolution.

Investment Partnership

The Series B funding round was led by QED Investors, one of the most esteemed fintech funds globally. Joining this round are several notable new investors including the International Finance Corporation (IFC), HSG (formerly Sequoia China), QuantumLight (founded by Nik Storonsky, CEO of Revolut), and others. Existing backers such as Spark Capital, Portage Ventures, Bek Ventures, and Nigel Morris have also reaffirmed their confidence by participating, showcasing a strong belief in Midas's potential and future trajectory.

Prominent backers known for their early investments in giants like TikTok, Alibaba, and Coinbase bolster the credibility and optimism surrounding Midas's future. Yusuf Özdalga, a partner at QED Investors, remarked, “Midas has opened up vast investment opportunities for Turkish users with cutting-edge fintech tools, and we are proud to lead this Series B funding round.”

A New Era of Investment in Turkey

Since its launch, Midas has transformed access to financial markets for individuals in Turkey. By providing a seamless and commission-free trading experience, millions have made their initial investments via Midas. Collectively, users have saved nearly $50 million in transaction fees, while many have started their investment journeys on the platform, reflecting Midas's role in empowering individual investors.

Midas has set new industry benchmarks by drastically reducing costs; having slashed U.S. trading fees by 90%, it has also fully eliminated commissions for Istanbul Stock Exchange trades as of 2025. The platform continues to lead in accessibility by offering free real-time market data and instant, fee-free transfers, making it the preferred choice for retail investors in Turkey.

Future Growth with Innovative Features

In addition to democratizing investment for the masses, Midas is now expanding its suite of tools for more sophisticated investors. Following the introduction of margin investing, advanced analytics, and Midas Pro, the company will use its Series B funding to introduce derivatives trading for both Turkish and American stocks. The rollout of this feature will commence in September, starting with American options trading, providing investors with real-time free data, competitive pricing, and user-friendly interfaces—bringing the so-called “Midas Standard” to derivative markets.

As it expands, Midas is also increasing its focus on investment security and operational resilience. With a structure designed to meet global standards, the company is committed to providing a safe, reliable, and uninterrupted investment experience.

A Vision for Individual Investors

Egem Eraslan, CEO of Midas, stated, “Our mission has always been to make investing accessible, affordable, and seamless for everyone. Today, millions manage their investments through Midas. This new funding will enable us to build a comprehensive ecosystem that unifies all investment needs on one platform while strengthening our security and technological infrastructure. We aim to continue our growth as a fintech company catering to individual investors in Turkey and beyond.”

About Midas

Founded in 2020, Midas is the leading investment platform in Turkey, providing access to Turkish and U.S. stocks, mutual funds, and cryptocurrencies through a single interface. Since its launch, Midas has experienced rapid growth and now serves over 3.5 million investors. Midas facilitates trading on U.S. exchanges with a competitive flat rate of $1.50 per transaction while eliminating all commissions and account-related fees for Istanbul Stock Exchange trades. Moreover, the platform offers its users free real-time market data. To date, Midas has secured more than $140 million in capital from international investors, marking a significant milestone in the fintech sector in Turkey.