Midas

Midas Raises $80M Series B in Latest Funding Round

Midas has successfully closed a $80M Series B funding round, marking a significant milestone in the company's growth trajectory. The round was led by Greenoaks Capital, with participation from Index Ventures, Balderton Capital.

Company Overview

Founded in 2020 and headquartered in Istanbul, Turkey, Midas has established itself as a leader in the fintech space. Turkish investment platform enabling users to invest in U.S. and Turkish stocks with zero commissions

With a current valuation of $550M, the company has demonstrated strong market traction and investor confidence. The organization currently employs 200-350 people and continues to scale its operations.

Investment Details

Funding Round Highlights

• Amount Raised: $80M Series B
• Valuation: $550M
• Lead Investor: Greenoaks Capital
• Round Type: Series

Key Investors

The funding round saw participation from several notable investors:

• Greenoaks Capital: Technology-focused investment firm backing growth-stage companies
• Index Ventures: International VC firm investing across fintech, security, gaming, and infrastructure with €8B+ under management
• Balderton Capital: European venture capital firm backing transformational technology companies

Market Context

The Fintech sector continues to attract significant investor interest, with companies focusing on innovation, technology integration, and operational efficiency seeing particularly strong funding activity. This investment reflects the growing demand for innovative solutions in this space.

Growth Strategy

With this latest funding, Midas plans to:

• Accelerate product development and innovation
• Expand market reach and customer acquisition
• Scale engineering and go-to-market teams
• Strengthen competitive positioning in the fintech market

Industry Impact

Midas's funding round represents the continued evolution of the fintech industry, where technology-driven solutions are becoming increasingly critical for business success. The company's approach to revolutionizing financial services and payment processing positions it well for future growth.

Future Outlook

As Midas moves forward with its expanded funding, the company is well-positioned to capitalize on market opportunities and drive innovation in the fintech space. Industry experts expect continued growth and potential for additional strategic partnerships.

The investment validates the company's business model and growth potential, setting the stage for the next phase of expansion and market leadership.