Midas raises $80m to build an investment ecosystem

By Vriti Gothi

Midas has raised $80 million in Series B funding, the round was led by global venture capital firm QED Investors, alongside strategic participation from the International Finance Corporation, HSG, QuantumLight (founded by Revolut’s Nik Storonsky), Spice Expeditions LP, George Rzepecki, Spark Capital, Portage Ventures, and Bek Ventures.

Founded in 2020, Midas has transformed retail investing in Turkey by offering a seamless, mobile-first platform that consolidates access to Borsa Istanbul, US stock markets, mutual funds, and cryptocurrencies. Since launch, the company has rapidly scaled to serve over 3.5 million customers, redefining how individuals in Turkey engage with capital markets.

The Series B funding brings Midas’s total capital raised to more than $140 million and will accelerate the company’s vision of building a comprehensive, technology-driven ecosystem for retail investors. Following the recent introduction of margin investing, advanced analytics, and the premium Midas Pro service, the firm is preparing to launch derivatives trading across both Turkish and US equities, a significant expansion aimed at meeting the evolving needs of sophisticated investors.

The new investment will also be deployed to further strengthen the company’s technology infrastructure and security framework, ensuring resilience, scalability, and trust as Midas continues to broaden its offering.

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.”

With this milestone, Midas positions itself not only as Turkey’s retail investing pioneer but also as a regional benchmark in digital wealth management, underscoring the strategic importance of FinTech innovation in advancing financial inclusion and market participation.