Midas, a Turkish fintech startup founded in 2020, has secured $80 million in Series B funding, marking the largest fintech deal in Turkey's history.

This funding round, led by QED Investors with participation from several international investors including IFC and Spark Capital, brings Midas's total funding to over $140 million.

Midas serves over 3.5 million investors in Turkey, providing access to Turkish and US equities, mutual funds, and cryptocurrencies through a single platform, with a fee structure that includes free trading on Borsa Istanbul and $1.50 per US trade.

Since its launch, Midas has significantly lowered costs for investors, saving nearly $50 million in transaction fees and eliminating all Borsa Istanbul commissions in 2025.

The company aims to build a comprehensive investment ecosystem, unifying all investment needs on one platform, and plans to expand into European markets.

The new capital will be used to enhance technological infrastructure, security standards, and expand product offerings, including derivatives trading on Turkish and US equities, starting with US options in September.

Recent product launches include margin investing, advanced analytics, and the Midas Pro service, with future plans to offer real-time data and tools for more sophisticated investors.

The funding round was led by U.S.-based QED Investors, with participation from the IFC, HSG, QuantumLight, and other investors, reflecting growing investor interest in Turkey’s fintech sector.

Midas is investing in security and operational resilience to meet global standards, ensuring a safe and reliable investing experience.

QED Investors' Yusuf Özdalga highlighted Midas’s role in unlocking investment opportunities for Turkish users and expressed excitement about its growth prospects.

The funds will also support expanding market access, including adding European stock exchange access, and strengthening the company's ecosystem on a single platform.

This funding trend indicates increasing investor confidence in Turkey’s fintech sector, exemplified by recent rounds like SiPay’s $78 million in April.