Midas Raises $80 Million in Historic Fintech Funding Round
Midas Secures Groundbreaking Series B Funding
Midas, Turkey's foremost investment platform, has successfully raised $80 million in its Series B funding round. This impressive capital infusion sets a remarkable record as the largest investment ever made in a Turkish fintech company, bringing the total funding raised by Midas to over $140 million to date.
Investment Opportunities and User Growth
Currently, Midas caters to approximately 3.5 million investors, providing seamless access to various financial markets including Borsa Istanbul and U.S. stock exchanges. The new capital will be instrumental in enhancing Midas' security protocols, aligning them with international standards, while also expediting the launch of advanced financial products tailored for active traders.
Support from Prestigious Investors
The funding round was spearheaded by QED Investors, a globally recognized venture capital firm specializing in fintech. Other notable participants include the International Finance Corporation (IFC), HSG, QuantumLight, and Spice Expeditions LP. Previous investors, such as Spark Capital, Portage Ventures, and Bek Ventures, also reinforced their support during this funding phase, showcasing their confidence in Midas’ future.
Transforming the Investment Landscape
Midas has dramatically transformed how individuals engage with financial markets since its inception in 2020. The platform has made investing more accessible through their commission-free model, allowing millions to take their initial steps into the investment world through Midas’ user-friendly interface. As a result, Midas users have collectively saved around $50 million in transaction fees.
Innovations and Market Disruption
By significantly reducing costs, Midas set industry benchmarks by slashing U.S. trading fees by 90%, and in 2025, the company eliminated all commissions associated with Borsa Istanbul trading. Customers can now take advantage of complimentary real-time market data, along with instantaneous and commission-free transfers, solidifying Midas as the preferred platform among retail investors.
Future Directions with New Investments
With the democratization of investing, Midas is now gearing up to offer sophisticated tools for advanced investors. Following the successful introduction of margin trading and advanced analytics, the company plans to roll out derivatives trading focused on both Turkish and U.S. equities using their Series B financing, reinforcing their reputation as an innovative fintech leader.
Commitment to Security and Reliability
As they proceed with their expansion, Midas remains dedicated to investing in security and operational resilience. Their infrastructure is built to adhere to global standards, ensuring that users receive a safe, dependable investment experience.
CEO's Vision for Midas
The CEO of Midas, Egem Eraslan, articulated the company's core mission: "We aim to make investing accessible, affordable, and seamless for everyone. This funding allows us to enhance our services and continue building a comprehensive ecosystem for investors, ensuring their needs are met with the utmost security and technological reliability.”
About Midas
Established in 2020, Midas is at the forefront of investment technology in Turkey, providing access to a broad range of financial assets, including Turkish and U.S. stocks, mutual funds, and cryptocurrencies. The platform's rapid growth has led to a robust user base exceeding 3.5 million investors.
Midas offers competitive pricing with a flat fee of $1.50 per transaction on U.S. market trades, while eliminating all commission fees for Borsa Istanbul trades. Users also enjoy real-time market updates free of charge, which further enhances Midas’ attractiveness as an investment platform.
Frequently Asked Questions
What is Midas?
Midas is a leading investment platform in Turkey that provides access to multiple financial markets, including cryptocurrencies and U.S. stock exchanges.
How much has Midas raised in total?
Midas has raised over $140 million in total funding, with its latest Series B round securing $80 million.
Who are Midas's main investors?
The Series B funding round was led by QED Investors, with participation from various investors including the International Finance Corporation and HSG.
What innovations is Midas introducing?
In addition to existing services, Midas plans to introduce derivatives trading and enhanced security measures to improve user experience.
How does Midas make investing accessible?
Midas offers a commission-free trading model, making it easier for new investors to engage in the financial markets without worrying about high costs.
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