Midas
 | |
| Private | |
| ISIN | 🆔 |
| Industry | Financial technology Brokerage |
| Founded 📆 | 2020 in Istanbul, Turkey |
| Founder 👔 | Egem Eraslan |
| Headquarters 🏙️ | Üsküdar, Istanbul, Turkey |
Area served 🗺️ | Turkey |
Key people | Egem Eraslan (CEO) |
| Products 📟 | Midas platform Midas Kripto |
| Members | |
Number of employees | |
| 🌐 Website | getmidas |
| 📇 Address | |
| 📞 telephone | |
Midas Menkul Değerler A.Ş. is a Turkish financial technology company that operates a mobile investment platform. It is headquartered in Üsküdar, Istanbul.[1][2]
History
Midas was founded in 2020 by Egem Eraslan.[3] The company obtained a brokerage licence from the Capital Markets Board of Turkey in September 2020.[1][4]
In April 2021, Midas launched its platform that initially offered fractional shares in US-listed companies to investors in Turkey. Its launch followed a seed funding round led by Deniz Ventures.[5]
In February 2022, Midas received additional funding led by Spark Capital and Earlybird Digital East Fund.[4][6]
In April 2024, Midas raised US$45 million in a Series A round led by Portage Ventures, with participation from the International Finance Corporation, Spark Capital, Earlybird Digital East Fund, and Revo Capital.[7][8][9]
In August 2024, Midas launched Midas Kripto, a separate mobile application for digital assets.[10]
In August 2025, Midas raised US$80 million in a Series B round led by QED Investors, which valued it at approximately US$1 billion.[11][12][13]
In 2025, Midas eliminated commissions on Borsa Istanbul trades and expanded its operations. A year later, in 2026, it applied for an electronic money institution license.[2]
As of September 2025, Midas had 3.5 million users.[4]
References
- ↑ 1.0 1.1 Tugce Ozsoy (October 16, 2020). "Turkey's Answer to Robinhood Aims to Tap Retail Stock Buzz". Bloomberg.com. Archived from the original on 2022-02-22. Retrieved 2026-09-07.
- ↑ 2.0 2.1 https://www.bloomberg.com/news/articles/2026-06-19/turkish-fintech-firm-midas-plans-expansion-into-payment-systems
- ↑ "Midas Menkul Degerler AS - Company Profile and News". Bloomberg.com. Archived from the original on 2025-08-25. Retrieved 2026-09-07.
- ↑ 4.0 4.1 4.2 Matsuda, Tom (September 19, 2025). "'Every person who had money rejected us': Midas CEO on the journey to raising Turkish fintech's largest ever round". Sifted. Retrieved 2026-09-07.
- ↑ "Deniz Ventures'tan yeni nesil yatırım uygulaması Midas'a 1 milyon dolar yatırım". Bloomberg HT. March 8, 2021.
- ↑ "Midas'a 11 milyon dolar yatırım". Bloomberg HT. July 24, 2024.
- ↑ Butcher, Mike (April 19, 2024). "Equities platform Midas raises $45M Series A as fintech retains its sparkle in Turkey".
- ↑ Sırt, Timur (August 22, 2025). "Midas secures $80M to set new benchmark for Türkiye's fintech sector". Daily Sabah.
- ↑ Okay, Dilara Zengin (May 2, 2024). "IFC'den dijital aracılık şirketi Midas'a 6 milyon dolarlık yatırım". Anadolu Ajansı.
- ↑ Öğütcü, Hilmi (August 15, 2024). "Midas'tan yeni kripto alım satım uygulaması: Midas Kripto - egirişim".
- ↑ "Turkey's Robinhood-Style Trading Platform Nears $1 Billion Value".
- ↑ Lawrence, Cate (August 20, 2025). "Turkish investment app Midas lands $80M Series B, the country's biggest fintech deal".
- ↑ "Midas, 80 Milyon Dolar Yatırım Aldığını Açıkladı". Fortune.
External links
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