Midas

Midas is a prominent Turkish investment platform that provides users with access to U.S. and Turkish equities, mutual funds, and cryptocurrencies through a single, user-friendly mobile application. Founded in 2020, the company has rapidly expanded its user base, serving over 3.5 million investors as of August 2025. Midas aims to democratize investing by offering commission-free trading and real-time market data, making it accessible to a broader audience in Turkey.

The company's investment strategy focuses on early-stage technology companies, particularly in the fintech sector. Midas has attracted significant investment from global venture capital firms, including QED Investors, Spark Capital, and Portage Ventures. In August 2025, Midas secured $80 million in a Series B funding round, marking the largest investment ever secured by a Turkish fintech company. This funding will be used to enhance the platform's security infrastructure and to introduce advanced products designed for active traders.

Midas has set new industry standards by dramatically lowering costs. After cutting U.S. trading fees by 90%, the company permanently removed all Borsa Istanbul commissions in 2025. Today, Midas offers free live market data and instant, fee-free transfers, making it the go-to platform for Turkish retail investors. The company plans to expand its product offerings to include margin investing, advanced analytics, and derivatives trading in both Turkish and U.S. equities, further solidifying its position in the market.