Turkey's version of 'Robinhood' Midas completes $80 million funding round at nearly $1 billion valuation this week

BlockBeats reports that on August 22, according to Bloomberg, Turkey's first commission-free trading platform Midas is valued at nearly $1 billion following its latest funding round. The company announced earlier this week that it had secured $80 million in funding, setting a new record for financing in Turkey's fintech sector. This round was led by QED Investors, with new investors including the International Finance Corporation (IFC) and existing investors like Spark Capital also participating.

To date, Midas has raised a total of $140 million. Midas is owned by the Istanbul brokerage firm Midas Menkul Degerler AS and is considered the Turkish version of the 'Robinhood' trading platform.