Discover top fintech news and events!
Subscribe to FinTech Weekly's newsletter
Read by executives at JP Morgan, Coinbase, Blackrock, Klarna and more
Global Investors Commit to Midas
Midas has completed a Series B funding round with participation from some of the world’s most established fintech investors. The platform serves 3.5 million investors across Turkey, offering access to Borsa Istanbul, U.S. equities, mutual funds, and cryptocurrencies.
The round was led by QED Investors. New participants include the International Finance Corporation (IFC), HSG, QuantumLight, Spice Expeditions LP, and George Rzepecki. Existing investors Spark Capital, Portage Ventures, Bek Ventures, and Nigel Morris also took part.
These firms have a track record of supporting major technology companies, including Nubank, Coinbase, and Revolut. Their involvement reflects a growing recognition of Midas as a significant player in the Turkish fintech market.
Lowering Costs and Expanding Access
Founded in 2020, Midas has become one of the country’s most widely used investment platforms. Its model of commission-free access and streamlined design has drawn millions of first-time investors. The company estimates that its users have saved close to $50 million in fees, with half of its client base starting their investment journey on the platform.
Midas has systematically reduced trading costs. In 2025, it removed all commissions on Borsa Istanbul trades after previously cutting U.S. trading fees by 90 percent. The platform also provides free market data and immediate transfers without fees, positioning itself as an accessible option for retail investors.
Next Phase of Growth
The Series B funding will support product expansion aimed at more experienced traders. Recent additions include margin investing, advanced analytics, and Midas Pro. The next step is the introduction of derivatives.
The rollout begins in September with U.S. options trading. Investors will have access to real-time data and competitive pricing within an interface designed to simplify complex instruments. By adding these tools, Midas is seeking to broaden its base beyond first-time investors.
Strengthening Security and Infrastructure
Part of the new capital will be directed toward security and operational resilience. The company has announced plans to align its infrastructure with international standards, an effort to assure reliability as trading volumes grow.
Security has become a priority across fintech platforms, particularly those handling sensitive financial data. For Midas, meeting higher benchmarks is central to building long-term trust with its users.
Investor Perspectives
QED Investors emphasized that Midas has opened access to both domestic and global markets for Turkish users. The firm cited the strength of the product and the team as reasons for leading the round. Other participants, such as QuantumLight, highlighted Turkey as a region where demand for digital investing services continues to expand.
The involvement of these firms demonstrates confidence that Midas can continue to grow while diversifying its offerings.
A Shifting Market in Turkey
The entry of millions of new investors since 2020 has transformed investing in Turkey. Platforms like Midas have reduced barriers, enabling participation in markets once limited to a smaller segment of the population. By expanding product choice and reducing fees, the firm has set new standards for retail access.
The latest funding suggests that this momentum is expected to continue, with Midas preparing to serve both novice and advanced investors under a single platform.
