Midas, Turkey’s largest investment platform, has secured $80 million in Series B funding — the biggest single investment round to date for a local fintech.
Midas, a digital brokerage and investment platform headquartered in Istanbul, has raised $80 million in Series B funding round led by QED investors, with participation from IFC, HSG, QuantumLight, Spice Expeditions, Bek Ventures, and other notable investors.
The raise brings the company’s total funding to more than $140 million secured in four rounds. The previous funding of $45 million was raised in April last year. Midas used the capital to expand beyond stock trading, reach into new markets, support product development and scale operations.
Serving 3.5 million investors, Midas offers access to Borsa Istanbul, U.S. stock markets, mutual funds, and cryptocurrencies on a single platform. The new funding will support enhancements to its security infrastructure in line with international standards and the development of advanced products for active traders, including derivatives and U.S. options trading.
After introducing features like margin investing, advanced analytics, and Midas Pro, the company plans to launch derivatives trading for both Turkish and U.S. stocks. The first update phase will start in September with U.S. options trading, including real-time market data and regularly updated pricing.
Since its launch in 2020, Midas has lowered investing costs for retail investors, eliminating Borsa Istanbul commissions in 2025 and reducing U.S. trading fees by 90% before removing them altogether. To date, users have saved nearly $50 million in transaction costs, with about half making their first investments through the platform.
Midas’s $80 million Series B funding round marks the largest single investment ever secured by a Turkish fintech company, slightly surpassing earlier record set by Sipay, a fintech firm specializing in embedded finance and payment solutions. In April 2025, Sipay raised $78 million Series B to expand its services and enhance its platform.
Both these investments highlight the increasing investor confidence, interest and market potential within Turkey’s fintech ecosystem, positioning the country as a key player in the regional financial technology landscape.
