Istanbul-based retail investing startup Midas has raised $80 million in Series B funding, led by QED Investors.
The round also saw participation from the International Finance Corporation, HSG, Nik Storonsky’s QuantumLight, Spice Expeditions LP, George Rzepecki, Spark Capital, Portage Ventures, and Bek Ventures. This investment marks the largest ever secured by a Turkish fintech, bringing Midas’s total funding to over $140 million.
Founded in 2020, Midas now serves 3.5 million customers, providing access to Borsa Istanbul, US stock markets, mutual funds, and cryptocurrencies through a single platform. The company is expanding its offerings to include tools for more sophisticated investors. With the Series B funding, Midas plans to introduce derivatives trading in both Turkish and US equities, following the launch of margin investing and advanced analytics.
CEO Egem Eraslan stated, “From day one, our mission has been to make investing accessible, affordable, and seamless for everyone. Today, millions manage their investments through Midas. 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.”