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Turkey's version of Robinhood is valued at nearly $1 billion, raising a record $80 million in funding.
According to reports, 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 secured $80 million in funding, setting a new record for financing in Turkish fintech companies. 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.
As of now, Midas has raised a total of $140 million. Midas is owned by the Istanbul brokerage firm Midas Menkul Degerler AS and is seen as the Turkish version of a certain platform.