Midas Achieves Milestone with $80 Million Series B Funding
Midas Secures Major Funding to Expand Fintech Services
Midas, Turkey's premier investment platform, has successfully raised $80 million in a significant Series B funding round. This remarkable achievement is recognized as the largest investment in Turkey's fintech sector to date. With this new influx of capital, Midas has now secured over $140 million in total funding, underscoring its rapid growth and the confidence that global investors place in its vision.
Strengthening Investor Access
Serving 3.5 million investors, Midas provides unparalleled access to a diverse array of financial markets, including Borsa Istanbul, U.S. stock markets, mutual funds, and cryptocurrencies, all through a single intuitive platform. The latest capital will not only bolster its security infrastructure but also facilitate the launch of innovative products targeting active traders.
Backing from Global Fintech Leaders
The Series B round was spearheaded by QED Investors, a highly esteemed name in fintech investment. Other notable new investors included the International Finance Corporation (IFC), HSG, QuantumLight—established by Revolut's CEO Nik Storonsky—and Spice Expeditions LP. Existing backers such as Spark Capital and Portage Ventures reaffirmed their support, emphasizing Midas' role in reshaping Turkey's fintech landscape.
Midas’ Commitment to Accessibility and Innovation
Since its inception in 2020, Midas has transformed the investment landscape for individuals in Turkey. By offering a commission-free, seamless, and user-friendly experience, countless first-time investors have relied on the Midas platform. Through their engagement, Midas users have collectively saved nearly $50 million in transaction fees, with a considerable portion beginning their investment journeys through this innovative platform.
Midas has set new benchmarks in the industry by significantly lowering costs. After slashing U.S. trading fees by 90%, all commissions associated with Borsa Istanbul trading were eliminated permanently in 2025. Today, the platform offers free live market data alongside instant, fee-free transfers, solidifying its status as the primary platform for Turkish retail investors.
Advancing Global Standards in Investment
Having democratized investing, Midas is now keen on catering to more sophisticated investors. Following the successful launch of margin investing and advanced analytics, the firm is gearing up to introduce derivatives trading in both Turkish and U.S. equities. The rollout is set to begin in September with U.S. options trading, providing investors with free real-time access to market data, competitive pricing, and user-friendly interfaces.
In tandem with expanding product offerings, Midas is also investing heavily in enhancing security and operational resilience. Its infrastructure is designed to meet global standards, ensuring a secure and uninterrupted investing experience for its users.
CEO’s Vision for a Comprehensive Investment Ecosystem
Egem Eraslan, CEO of Midas, expressed his enthusiasm for the new funding, stating, "From day one, our mission has been to make investing accessible, affordable, and seamless for everyone. Millions of people are already using the Midas platform to manage their investments. With this funding, we're focused on creating a comprehensive ecosystem that caters to all investment needs while enhancing security and technology capabilities to serve both local and global investors effectively."
About Midas
Midas, launched in 2020, is Turkey's leading investment platform, providing access to a wide range of financial products, including Turkish and U.S. equities, mutual funds, and cryptocurrencies all in one place. With a competitive flat fee structure of $1.50 per transaction, Midas has notably removed all commissions and account-related fees for Borsa Istanbul trading. Furthermore, it offers real-time market data without charge, enhancing user engagement.
To date, Midas has secured over $140 million from various global investors, continuing its commitment to innovation and investor accessibility at every turn.
Frequently Asked Questions
What is the significance of Midas' Series B funding?
This funding round of $80 million is the largest ever for a Turkish fintech company, showcasing strong investor confidence and enabling Midas to expand its services.
How does Midas ensure investor accessibility?
Midas provides a seamless, commission-free trading experience, enabling thousands to access financial markets effortlessly, thereby encouraging new investors.
What markets does Midas provide access to?
Midas gives users access to Borsa Istanbul, U.S. stock markets, mutual funds, and cryptocurrencies through a single platform.
What new features can Midas users expect?
Users can look forward to the introduction of derivatives trading, enhanced analytics tools, and continued improvements in security protocols as part of Midas' expansion plans.
Who are Midas' key investors?
Notable investors include QED Investors, the International Finance Corporation (IFC), and various venture capital firms that have supported Midas' growth trajectory.
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