The company plans to use the new funding to expand into derivatives trading and launch U.S. options in September.
Midas’ growth comes as Türkiye’s fintech ecosystem gains global attention, with increasing foreign direct investment supported by improved credit ratings.
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Turkey's fintech firm Midas has secured $80 million in Series B funding, marking a milestone for the Country’s growing financial technology sector. Global investors back the
Istanbul-based investment platform.
A Global Bet on Turkish Fintech
QED Investors led the round, joined by new backers
International Finance Corporation, HSG, QuantumLight, Spice Expeditions, and
George Rzepecki. Existing supporters Spark Capital, Portage Ventures, and Bek
Ventures also participated. The raise lifts Midas’ total funding to more than
$140 million.
Yusuf Özdalga, Partner at QED Investors, said: “Midas
has unlocked access to vast domestic and global investment opportunities for
Turkish users, utilising cutting-edge fintech tools. As QED, we are proud to lead Midas' Series B round, and are incredibly excited to partner with Egem and his team, who have created an exceptionally strong product and performance culture.”
Yusuf Ozdalga, Source: Linkedin
Founded in 2020, Midas has attracted 3.5 million users with
commission-free access to Borsa Istanbul, U.S. equities, mutual funds, and
cryptocurrencies. The platform eliminated local stock trading commissions
earlier this year, after previously cutting U.S. trading fees by 90%. Users
have collectively saved an estimated $50 million in transaction costs.
Scaling Into Advanced Products
The company plans to channel fresh capital into derivatives
trading and new tools for active investors. U.S. options trading will launch in
September, followed by Turkish equity derivatives. Recent product rollouts
already include margin investing and advanced analytics.
Midas said part of the funding will support improvements to
its infrastructure, focusing on operational resilience and data protection.
With its largest round to date and backing from major global funds, the company
is positioning itself as a key player in both Turkey and the wider region.
A March study, titled Türkiye’s FDI Landscape at a Glance
and published by the Investment Office of the Presidency of the Republic of
Türkiye, shows that foreign direct investment (FDI) is on the rise, supported
by improved credit ratings and large-scale infrastructure projects.
The report highlights fintech as one of the standout
industries attracting major international backers. Türkiye’s fintech ecosystem
is expanding rapidly, with several firms positioning themselves as potential
unicorns. The country’s commitment to fostering innovation in financial
services has made it a key area of focus for global investors seeking growth
opportunities.
Turkey's fintech firm Midas has secured $80 million in Series B funding, marking a milestone for the Country’s growing financial technology sector. Global investors back the
Istanbul-based investment platform.
A Global Bet on Turkish Fintech
QED Investors led the round, joined by new backers
International Finance Corporation, HSG, QuantumLight, Spice Expeditions, and
George Rzepecki. Existing supporters Spark Capital, Portage Ventures, and Bek
Ventures also participated. The raise lifts Midas’ total funding to more than
$140 million.
Yusuf Özdalga, Partner at QED Investors, said: “Midas
has unlocked access to vast domestic and global investment opportunities for
Turkish users, utilising cutting-edge fintech tools. As QED, we are proud to lead Midas' Series B round, and are incredibly excited to partner with Egem and his team, who have created an exceptionally strong product and performance culture.”
Yusuf Ozdalga, Source: Linkedin
Founded in 2020, Midas has attracted 3.5 million users with
commission-free access to Borsa Istanbul, U.S. equities, mutual funds, and
cryptocurrencies. The platform eliminated local stock trading commissions
earlier this year, after previously cutting U.S. trading fees by 90%. Users
have collectively saved an estimated $50 million in transaction costs.
Scaling Into Advanced Products
The company plans to channel fresh capital into derivatives
trading and new tools for active investors. U.S. options trading will launch in
September, followed by Turkish equity derivatives. Recent product rollouts
already include margin investing and advanced analytics.
Midas said part of the funding will support improvements to
its infrastructure, focusing on operational resilience and data protection.
With its largest round to date and backing from major global funds, the company
is positioning itself as a key player in both Turkey and the wider region.
A March study, titled Türkiye’s FDI Landscape at a Glance
and published by the Investment Office of the Presidency of the Republic of
Türkiye, shows that foreign direct investment (FDI) is on the rise, supported
by improved credit ratings and large-scale infrastructure projects.
The report highlights fintech as one of the standout
industries attracting major international backers. Türkiye’s fintech ecosystem
is expanding rapidly, with several firms positioning themselves as potential
unicorns. The country’s commitment to fostering innovation in financial
services has made it a key area of focus for global investors seeking growth
opportunities.
United Fintech Scores Sixth Backer Days After Barclays Deal
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
