Latest news with #MidasPro
Fintech News ME
2 days ago
- Business
- Fintech News ME
Midas Secures Record $80M Series B Funding
Midas, Turkey's largest investment platform, has raised US$80 million in its Series B funding round, the largest investment to date for a Turkish fintech company. This brings the company's total funding to over US$140 million. Midas serves 3.5 million investors with access to Borsa Istanbul, US stock markets, mutual funds and cryptocurrencies through a single platform. The new funding will be used to strengthen its security infrastructure to international standards and to develop advanced products for active traders. The round was led by QED Investors, with participation from the International Finance Corporation, 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 participating funds have previously invested in companies such as TikTok, Alibaba, Coinbase, Nubank, Revolut, Twitter and Slack. Founded in 2020, Midas has focused on reducing costs for retail investors. It cut US trading fees by 90% before permanently removing all Borsa Istanbul commissions in 2025. The platform also offers free live market data and instant transfers without fees. To date, its users have saved nearly US$50 million in transaction costs, and about half made their first investments through the platform. Midas is expanding its services for more experienced investors. Following the launch of margin investing, advanced analytics and Midas Pro, the company will roll out derivatives trading in Turkish and US equities. The rollout will begin in September with US options trading, offering real time data and updated pricing. 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.'
Cision Canada
2 days ago
- Business
- Cision Canada
Midas Secures $80 Million Series B, Marking Turkey's Largest-Ever Fintech Investment
ISTANBUL, Aug. 19, 2025 /CNW/ -- Midas, Turkey's leading investment platform, has raised $80 million in its Series B funding round, the largest investment ever secured by a Turkish fintech company. This brings Midas' total funding to date to more than $140 million. Midas serves 3.5 million investors by providing access to Borsa Istanbul, U.S. stock markets, mutual funds, and cryptocurrencies through a single platform. The company will use the new capital to further strengthen its security infrastructure to international standards and to accelerate the launch of advanced products designed for active traders. Global Fintech Investors Back Midas' Vision The round was led by QED Investors, one of the world's most respected fintech funds. New investors include the International Finance Corporation (IFC), HSG (formerly Sequoia China), QuantumLight (founded by Revolut CEO Nik Storonsky), Spice Expeditions LP, and George Rzepecki. Existing backers Spark Capital, Portage Ventures, Bek Ventures, and Nigel Morris also joined the round, reaffirming their confidence in Midas. The participating funds are known for early-stage investments in global technology leaders such as TikTok, Alibaba, Coinbase, Nubank, Revolut, Twitter, and Slack. The record-breaking raise highlights international investor confidence in Midas and its pioneering role in reshaping Turkey's fintech landscape. 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." Transforming Investing in Turkey Since its founding in 2020, Midas has fundamentally changed how individuals in Turkey access financial markets. With a commission-free, seamless, and user-friendly experience, millions of people have made their first investments through Midas. Collectively, Midas users have saved nearly $50 million in transaction fees, and half of them began their investing journey on the platform. Midas has set new industry standards by dramatically lowering costs. After cutting U.S. trading fees by 90%, the company permanently removed all Borsa Istanbul commissions in 2025. Today, Midas offers free live market data, and instant, fee-free transfers—making it the go-to platform for Turkish retail investors. Growth Through New Products and Security Investments Having democratized investing for the masses, Midas is now expanding into tools for more sophisticated investors. Following the launch of margin investing, advanced analytics, and Midas Pro, the company will use its Series B funding to introduce derivatives trading in both Turkish and US equities. The rollout begins in September with U.S. options trading, providing investors with free real-time data, competitive pricing, and intuitive interfaces—bringing the "Midas Standard" to derivatives markets. In parallel, Midas is increasing its investments in security and operational resilience. With infrastructure built to meet global standards, the company remains committed to providing a safe, reliable, and uninterrupted investing experience. "Making Investing More Accessible and Secure in Turkey" 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." About Midas Founded in 2020, Midas is Turkey's leading investment platform. It offers access to Turkish and U.S. equities, mutual funds, and cryptocurrencies through a single platform. Since launch, Midas has grown rapidly and now serves more than 3.5 million investors. Midas enables trading on U.S. exchanges at a competitive flat fee of $1.50 per transaction, while permanently eliminating all commissions and account-related charges, including clearing and custody fees, for Borsa Istanbul. In addition, the platform provides real-time market data at no cost to its users. To date, Midas has raised over $140 million from global investors including QED Investors, International Finance Corporation (IFC), HSG, Spark Capital, QuantumLight, Spice Expeditions LP, Portage Ventures, Bek Ventures, and Revo Ventures.
