Midas Secures $80M Funding In Series B Round

The round was led by QED Investors, with new participation from IFC, 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 company will use the funds to scale operations and advance development efforts.

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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.”

Led by CEO Egem Eraslan, Midas offers a unified platform for investing in Turkish and U.S. equities, mutual funds, and cryptocurrencies. Since launch, it has grown to over 3.5M investors.

Midas charges a flat $1.50 per trade on U.S. exchanges and removes all fees for Borsa Istanbul, including commissions and custody costs. It also offers free real-time market data. With this round, total funding surpassed $140M.

Yusuf Özdalga, Partner at QED Investors, said: “Midas has unlocked access to vast domestic and global investment opportunities for Turkish users, utilising cutting edge fintech tools. As QED, we are proud to lead Midas’ Series B round, and are incredibly excited to partner with Egem and his team that have created an exceptionally strong product and performance culture. We look forward to being part of this growth journey in Turkiye, the wider region, and beyond in the coming years.”

About Midas

Founded in 2021, Midas offers access to Borsa Istanbul U.S. stock markets, and TEFAS funds all in one platform. With the launch of “Midas Crypto,” users can now explore digital assets alongside traditional investments making investing more accessible and diversified.