Turkish Crypto Trading App Midas Raises $80M in Series B Funding
Midas, Turkey's premier investment and crypto trading platform, has secured $80 million in its Series B funding round, marking the largest investment ever for a Turkish fintech company. The round was led by QED Investors, with participation from new backers including the International Finance Corporation and HSG, alongside existing investors like Spark Capital. Total funding now exceeds $140 million.
The platform, which gained traction during COVID lockdowns and Turkey's inflationary surge, serves 3.5 million users with access to U.S. stocks, Borsa Istanbul listings, and cryptocurrencies. Midas is nearing unicorn status and plans to expand into derivatives, European stocks, and advanced trading tools for experienced investors starting September.
