Turkish Version of 「Robinhood」 Midas Completes $80M Funding Round at Nearly $1B Valuation This Week

BlockBeats News, August 22nd, according to Bloomberg, Turkey's first zero-commission trading platform Midas has reached a valuation of nearly $1 billion after its latest funding round. The company announced earlier this week that it has raised $80 million, setting a new record for fintech funding in Turkey. This funding round was led by QED Investors, with additional investors including the International Finance Corporation (IFC), and existing investor Spark Capital also participated.

With this funding, Midas' total amount raised has now reached $140 million. Midas is the owner of Istanbul brokerage firm Midas Menkul Degerler AS and is considered the Turkish version of the "Robinhood" trading platform.