Midas, a prominent investment platform in Turkey, has recently secured $80 million in Series B funding, marking a significant milestone in the country’s fintech landscape. This move highlights the robust confidence global investors have shown in the company’s vision and innovative approach. The new funds are set to fuel the company’s expansion into more complex investment realms like derivatives while enhancing security measures, ensuring a comprehensive financial ecosystem for its users. Midas’ recent achievements provide a glimpse into its ambitious future plans, emphasizing its commitment to innovation and growth.
Midas has consistently pushed the boundaries of investment accessibility since its inception. Notably, its initiative to eliminate all Borsa Istanbul commissions in 2025 followed a drastic reduction in US trading fees by 90%. Investors can now trade on US exchanges for a competitive flat fee of $1.50 per transaction. These efforts have positioned Midas as a key player in democratizing investment opportunities for Turkish citizens.
What drives Midas’ innovation?
Innovative finance solutions and the removal of traditional barriers are at the core of Midas’ offerings. The platform has effectively enabled over 3.5 million investors access to diverse markets, including Turkish and US equities, mutual funds, and cryptocurrencies, all under one roof. Egem Eraslan, the CEO, emphasized,
“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.”
How will the new funding be utilized?
The latest funding round, led by QED Investors and attracting other prominent entities like IFC and HSG, underscores the platform’s credibility and ambitious growth trajectory. The capital is primarily earmarked for advancing Midas’ technology and security framework, as well as the introduction of new investment tools for sophisticated traders. This involves rolling out derivatives trading for both Turkish and US equities. Yusuf Özdalga from QED Investors expressed optimism,
“Midas has unlocked access to vast domestic and global investment opportunities for Turkish users, utilising cutting-edge fintech tools.”
Historically, the Turkish fintech scene faced challenges with regulatory barriers and limited market access that kept many potential investors at bay. By offering free real-time market data and eliminating various transaction fees, Midas has streamlined the investing process in Turkey. This simplified approach contrasts sharply with the more cumbersome models of other platforms, making Midas a preferred choice.
Midas is also expanding its product range with the upcoming launch of US options trading in September. This expansion promises a user-friendly interface, competitive pricing, and free real-time data, further extending the platform’s appeal to active traders. Alongside these developments, efforts to bolster security and infrastructure remain a priority, reflecting the company’s commitment to providing a reliable service.
As Midas strategizes for an increasingly competitive market, maintaining user trust through transparency and reliability is essential. The new funding not only facilitates technological and infrastructural improvements but also paves the way for Midas to enter new territories and expand its service offerings. The platform’s evolution invites both apprehension and admiration as it seeks to meet the needs of a diverse investment community.
Midas has consistently proven its adaptability and forward-thinking mindset. For investors and industry followers, Midas’ growth trajectory will be a point of interest. The moves made by Midas in recent times hint at a broader ambition—a desire to not just participate, but to actively shape the dynamics of the Turkish and global fintech markets.
