Midas, Turkey’s largest investment platform, has raised US$80 million in its Series B funding round, the largest investment to date for a Turkish fintech company.

This brings the company’s total funding to over US$140 million.

Midas serves 3.5 million investors with access to Borsa Istanbul, US stock markets, mutual funds and cryptocurrencies through a single platform.

The new funding will be used to strengthen its security infrastructure to international standards and to develop advanced products for active traders.

The round was led by QED Investors, with participation from the International Finance Corporation, HSG (formerly Sequoia China), QuantumLight founded by Revolut CEO Nik Storonsky, Spice Expeditions LP and George Rzepecki.

Existing investors Spark Capital, Portage Ventures, Bek Ventures and Nigel Morris also joined. The participating funds have previously invested in companies such as TikTok, Alibaba, Coinbase, Nubank, Revolut, Twitter and Slack.

Founded in 2020, Midas has focused on reducing costs for retail investors. It cut US trading fees by 90% before permanently removing all Borsa Istanbul commissions in 2025.

The platform also offers free live market data and instant transfers without fees.

To date, its users have saved nearly US$50 million in transaction costs, and about half made their first investments through the platform.

Midas is expanding its services for more experienced investors.

Following the launch of margin investing, advanced analytics and Midas Pro, the company will roll out derivatives trading in Turkish and US equities.

The rollout will begin in September with US options trading, offering real time data and updated pricing.

Egem Eraslan, CEO of Midas, said:

“From day one, our mission has been to make investing accessible, affordable, and seamless for everyone. Today, millions of people 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. This will enable us to keep growing as a fintech company that serves the needs of individual investors both in Turkey and globally.”

Featured image credit: Midas