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The Turkish version of the zero-commission trading platform Midas is valued at nearly $1 billion.
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 raised $80 million, setting a new record for funding in Turkey's fintech sector. This funding round was led by QED Investors, with new investors including the International Finance Corporation ( IFC ), and existing investors such as Spark Capital also participating. Midas is owned by Istanbul brokerage company Midas Menkul Degerler AS and is regarded as Turkey's version of "some trading platform". To date, Midas has raised a total of $140 million.