TechFlow, August 22 — According to Bloomberg, Midas, Turkey's first commission-free trading platform, is nearing a valuation of $1 billion following its latest funding round. The company announced earlier this week that it raised $80 million, setting a new fundraising record for Turkish fintech firms. The round was led by QED Investors, with new investors including the International Finance Corporation (IFC), and existing investors such as Spark Capital also participating. With this round, Midas has now raised a total of $140 million. Midas is the owner of Istanbul-based brokerage Midas Menkul Degerler AS and is seen as Turkey's version of the "Robinhood" trading platform.
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