# Midas Financial Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/midas-financial-technologies

- Industry: Financial Services
- Headquarters: Istanbul, Turkey
- Website: www.getmidas.com
- Total disclosed funding: $137M
- Latest round: Series B (Aug 19, 2025)
- Investors on record: 11

## About

Based in Istanbul, Turkey, and founded in 2020, Midas Menkul Degerler A.S. a.k.a. Midas operates as a broker that provides a retail investment app that offers low commission trading, fractional shares, and US equities. In March 2021, the firm received USD 1 million investment from Deniz Ventures, and in February 2022, the company raised USD 11 million in venture funding co-led by new investors Spark Capital and Earlybird Venture Capital. In August 2025, Midas Financial Technologies raised USD 80 million in series B funding led by new investor QED Investors, with participation from other new investors HongShan, QuantumLight, and Spice Expeditions. Returning investors International Finance Corporation, Portage Ventures, Spark Capital, and other unspecified investors also participated in the round. The company was founded by Egem Eraslan (CEO), and Umut Bozkurt, and as of 2022, the firm employs 80 employees. Midas Menkul Degerler A.S offers an application, that allows users to invest in nearly 10,000 stocks of various companies trading on the Nasdaq and NYSE (New York Stock Exchange). The company also offers Midas Academy, which allows users access to various learning materials and content related to finance and investments. Midas Menkul Degerler A.S. intends to use the August 2025 funding tto strengthen its security systems, introduce advanced trading features like derivatives, and broaden access to global financial markets for individual investors.

## Funding rounds

- Series B, Aug 19, 2025, $80M — International Finance Corporation, Spark Capital, QED Investors, Portage Ventures, HSG, Bek Ventures, QuantumLight, Spice Expeditions
- Series A, Apr 12, 2024, $45M — International Finance Corporation, Spark Capital, Earlybird, Revo Capital, Portage Ventures
- Seed, Feb 7, 2022, $11M — Spark Capital, Earlybird, Revo Capital, Bek Ventures
- Seed, Mar 8, 2021, $1M — Deniz Ventures

## Investors

- Deniz Ventures (https://capitalatlas.ai/funds/deniz-ventures) — Seed
- Spark Capital — Seed, Series A, Series B
- Earlybird (https://capitalatlas.ai/funds/earlybird) — Seed, Series A
- Revo Capital (https://capitalatlas.ai/funds/revo-capital) — Seed, Series A
- Bek Ventures (https://capitalatlas.ai/funds/bek-ventures) — Seed, Series B
- International Finance Corporation — Series A, Series B
- Portage Ventures (https://capitalatlas.ai/funds/portage-ventures) — Series A, Series B
- QED Investors (https://capitalatlas.ai/funds/qed-investors) — Series B
- HSG (https://capitalatlas.ai/funds/hsg) — Series B
- QuantumLight (https://capitalatlas.ai/funds/quantumlight) — Series B
- Spice Expeditions (https://capitalatlas.ai/funds/spice-expeditions) — Series B