Turkish investment platform Midas announced it raised USD 80 million in a Series B round, bringing its total funding to USD 140 million to date.
Earlier in 2025, Midas made headlines by securing USD 45 million in its Series A round — the largest Series A ever raised by a Turkish fintech startup.
This remarkable success further reinforces Türkiye's position as the nexus of innovation, fueled by its dynamic growth potential and visionary entrepreneurs who consistently think beyond boundaries.
The app — offering access to Borsa Istanbul, US stock markets, investment funds, and cryptocurrencies all in one place — now serves 3.5 million users.
Midas plans to allocate the new capital toward enhancing its international-grade security infrastructure and swiftly rolling out new products tailored for advanced investors.
The Series B round was led by QED Investors, with participation from the International Finance Corporation (IFC), HSG (formerly Sequoia China), QuantumLight (founded by Revolut CEO Nik Storonsky), Spice Expeditions LP, and George Rzepecki. Existing investors such as Spark Capital, Portage Ventures, Bek Ventures, and Nigel Morris also joined the round.
Launched in 2020, Midas has enabled millions of first-time investors to access markets easily and affordably. Since then, Midas users have collectively saved over TRY 2 billion in transaction fees. The platform has also cut US market transaction fees by 90 percent and, as of 2025, has eliminated all commissions on Borsa Istanbul trades—additionally waiving fees for live data, custody services, and money transfers.
Moreover, Midas is expanding its feature set to serve more experienced investors, introducing advanced analytical tools, margin trading, and “Midas Pro." The platform will also add US options contracts in September, diversifying its offerings with derivative products.
Commenting on the investment, CEO Egem Eraslan stated, “Since our inception, our goal has been to make investing accessible, low-cost, and seamless for everyone. Today, millions manage their investments naturally through Midas. With this new funding, we are building a comprehensive ecosystem to meet every investment need, while reinforcing our security and technology infrastructure. We will continue growing as a fintech company catering to both Turkish and global individual investors."