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Midas, a leading investment application in Türkiye, has raised $80 million in its Series B funding round, marking the largest single investment ever received by a fintech company in the country.
Series B refers to a stage of venture capital funding in which companies that have already proven their business model raise capital to expand operations and enter new markets.
The latest funding brings the company’s total capital raised to more than $140 million.
The round was led by U.S.-based QED Investors, a venture capital firm specializing in financial services.
New participants included the International Finance Corporation (IFC), the World Bank’s investment arm; HSG, formerly known as Sequoia China; QuantumLight, founded by Revolut CEO Nik Storonsky; Spice Expeditions LP; and investor George Rzepecki.
Existing backers such as Spark Capital, Portage Ventures, Bek Ventures, and Nigel Morris also joined the round, reaffirming their support for the company.
The funds have previously been invested in global technology firms, including TikTok, Alibaba, Coinbase, Nubank, Revolut, Twitter and Slack.
Midas currently serves 3.5 million users in Türkiye. The company initially enabled retail investors to access U.S. stock markets, opening the door to global equities for domestic users.
With the new funding, Midas plans to expand its platform to include access to European stock exchanges, further broadening investment opportunities for its customer base.
Speaking at a press conference in Istanbul, Midas CEO Egem Eraslan said the deal ranks among the largest financial technology investments ever made in Türkiye.
He explained that the fresh capital will support the company’s strategy to expand beyond U.S. markets and provide retail investors in Türkiye with access to European equities.
Eraslan underlined that Midas was founded to make investing accessible, affordable, and seamless for everyone.
“Today, millions of people manage their investments through Midas as a natural part of their daily lives,” he said. He added that the new funding would be used to build a comprehensive ecosystem that unifies all investment needs on a single platform while also reinforcing the company’s security and technological infrastructure.
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