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The Turkish version of "Robinhood", Midas, completed a $80 million financing this week at a valuation of nearly $1 billion.
According to BlockBeats news on August 22, Bloomberg reported that Turkey's first commission-free trading platform Midas is valued at 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 funding in Turkey's fintech sector. This round of funding was led by QED Investors, with new investors including the International Finance Corporation (IFC), and existing investors such as Spark Capital also participating. To date, Midas's total funding has reached $140 million. Midas is owned by the Istanbul brokerage firm Midas Menkul Degerler AS and is regarded as Turkey's version of the "Robinhood" trading platform.