Midas, Turkey’s leading investment app, has raised $80 million in its Series B funding round, marking the largest investment ever secured by a Turkish fintech company. With this round, the company’s total funding has surpassed $140 million.
The round was led by QED Investors, one of the most renowned fintech funds globally. New investors included the International Finance Corporation (IFC), HSG (formerly Sequoia China), QuantumLight founded by Revolut CEO Nik Storonsky, Spice Expeditions LP, and George Rzepecki. Existing backers Spark Capital, Portage Ventures, Bek Ventures, and Nigel Morris also participated, reaffirming their confidence in Midas.
These funds are known for their early investments in global giants such as TikTok, Alibaba, Coinbase, Nubank, Revolut, Twitter, and Slack. The record-breaking round highlights international investors’ trust in Midas and underscores its recognized leadership in the fintech sector.
Yusuf Özdalga, Partner at QED Investors, stated:
“Midas has enabled Turkish investors to access both domestic and global investment opportunities with cutting-edge fintech solutions. We are proud to lead this Series B round and excited to partner with Egem and his team, who have built a strong product and performance-driven culture. We look forward to being part of this growth journey in Turkey, the region, and beyond.”
Founded in 2020, Midas has transformed how individual investors in Turkey access financial markets. Its commission-free, user-friendly platform has enabled 3.5 million users to save over 2 billion TL in transaction fees, with half of its users making their first-ever investments through Midas.
With the new funding, Midas will expand into advanced investment products, including U.S. options contracts launching in September, while further enhancing its international-grade security infrastructure. The company aims to deliver a seamless and secure experience for both beginner and advanced investors.
Egem Eraslan, CEO of Midas, commented:
“Since our founding, our mission has been to make investing accessible, affordable, and frictionless for everyone. With this new funding, we are building a comprehensive ecosystem that brings all investment needs under one platform while strengthening our security and technological infrastructure. This will allow us to continue growing as a fintech company that meets the needs of individual investors both in Turkey and globally.”
