Midas Raises $80M in Record Turkish Fintech Round
Turkish retail investing app Midas has raised $80 million in Series B funding, led by QED Investors. The round marks the largest-ever investment in a Turkish fintech, with participation from the International Finance Corporation, HSG, Nik Storonsky’s QuantumLight, Spice Expeditions LP, George Rzepecki, Spark Capital, Portage Ventures, and Bek Ventures. This brings Midas’s total funding to more than $140 million.
Founded in 2020, Midas has quickly scaled to 3.5 million customers, offering access to Borsa Istanbul, US stock markets, mutual funds, and cryptocurrencies all in one platform. The app has become a cornerstone for retail investors in Turkey, lowering barriers to investing while expanding opportunities for both beginners and experienced traders.
The firm is now setting its sights on sophisticated trading tools. After recently launching margin investing, advanced analytics, and Midas Pro, the new funding will fuel the rollout of derivatives trading in both Turkish and US equities. This expansion aims to strengthen Midas’s position as a one-stop shop for investors at every level.
CEO Egem Eraslan emphasized Midas’s broader vision: “From day one, our mission has been to make investing accessible, affordable, and seamless for everyone. With this new funding, we are building a comprehensive ecosystem that unifies all investment needs on one platform, while further strengthening our security and technology infrastructure.”
Midas’s growth reflects a larger shift in emerging markets, where retail investors are increasingly demanding the same level of access, tools, and affordability seen in global financial hubs. With fresh capital and growing investor confidence, Midas is well-positioned to transform Turkey’s investment landscape.
