Interview

September 19, 2025

'Every person who had money rejected us’: Midas CEO on the journey to raising Turkish fintech’s largest ever round

Midas counts investors such as QED and Nik Storonsky’s QuantumLight. But it initially faced difficulties in obtaining funding

Tom Matsuda

5 min read

Egem Eraslan’s resumé isn’t typical of a fintech founder. The CEO of Turkish investment app Midas, which last month closed the largest fintech funding round in the country’s history, didn’t get his entrepreneurial start in banking, tech or any other adjacent industry. Instead he got it running a school. 

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Tom Matsuda

Tom Matsuda is a fintech reporter at Sifted and writes our weekly fintech newsletter. Find him on X and LinkedIn

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