Midas is Turkey's leading investment platform offering access to Borsa Istanbul, U.S. stock markets, mutual funds, and cryptocurrencies through a single app. Founded in 2020 and based in Istanbul, it serves more than 3.5 million investors. The platform operates commission-free for Borsa Istanbul, provides free live market data and instant fee-free transfers, and charges a flat $1.50 fee for U.S. trades. Midas has launched margin investing, advanced analytics, and Midas Pro to serve more sophisticated users. It plans to use new capital to strengthen security infrastructure to international standards and to accelerate advanced products for active traders, including derivatives trading with U.S. options rolling out in September. The company reports users have collectively saved nearly $50 million in transaction fees and that half of its users began their investing journey on the platform. Midas is an Istanbul-based fintech that brought retail investing to millions in Turkey via an app offering low-commission access to Turkish and US equities. The company supplements trading with free financial education and market data, including real-time stock data and news, company profiles, documentaries, a daily podcast, and a weekly newsletter. Led by CEO Egem Eraslan, Midas currently has a team of 210 employees—triple its headcount since 2022. Midas raised $45M in a Series A to expand its product suite to include crypto trading, mutual funds, and a savings product, and plans to double headcount to over 400. The company also intends to expand into emerging markets and broaden its geographic footprint beyond Turkey to become a regional player. Management described the Series A as the biggest ever by a Turkish fintech. Midas is a mobile-first brokerage that enables retail investors in Turkey to trade US and Turkish stocks with low transaction fees, fractional shares, and free live market data. The app launched with a large waitlist in April 2021 and has facilitated over $100M in trading volume since launch. Midas emphasizes user education through company profiles, a daily podcast, and a weekly newsletter to grow market understanding. The product includes a closed-beta Borsa Istanbul offering and touts "download-to-first-trade in less than 10 minutes" versus a multi-day industry average. The company has a 70-person team based in Istanbul and a predominantly young user base (over half are first-time investors and ~70% are under 35). Planned uses of capital include launching cryptocurrency products, building infrastructure to power banks and neo-banks, and expanding the user base.

Total raised

$136M

Funding rounds

3

Latest round

Series B

Latest activity

Aug 2025