Turkey’s fintech firm Midas has secured $80 million in Series B funding, marking a milestone for the Country’s growing financial technology sector. Global investors back the
Istanbul-based investment platform.

A Global Bet on Turkish Fintech

QED Investors led the round, joined by new backers
International Finance Corporation, HSG, QuantumLight, Spice Expeditions, and
George Rzepecki. Existing supporters Spark Capital, Portage Ventures, and Bek
Ventures also participated. The raise lifts Midas’ total funding to more than
$140 million.

Yusuf Özdalga, Partner at QED Investors, said: “Midas
has unlocked access to vast domestic and global investment opportunities for
Turkish users, utilising cutting-edge fintech tools. As QED, we are proud to
lead Midas’ Series B round, and are incredibly excited to partner with Egem and
his team that have created an exceptionally strong product and performance
culture.”

Founded in 2020, Midas has attracted 3.5 million users with
commission-free access to Borsa Istanbul, U.S. equities, mutual funds, and
cryptocurrencies. The platform eliminated local stock trading commissions
earlier this year, after previously cutting U.S. trading fees by 90%. Users
have collectively saved an estimated $50 million in transaction costs.

Scaling Into Advanced Products

The company plans to channel fresh capital into derivatives
trading and new tools for active investors. U.S. options trading will launch in
September, followed by Turkish equity derivatives. Recent product rollouts
already include margin investing and advanced analytics.

Midas said part of the funding will support improvements to
its infrastructure, focusing on operational resilience and data protection.
With its largest round to date and backing from major global funds, the company
is positioning itself as a key player in both Turkey and the wider region.

This article was written by Jared Kirui at www.financemagnates.com.

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