News

August 19, 2025

QED, Nik Storonsky’s QuantumLight invest $80m into Turkish fintech Midas

The funding round is Turkey’s largest ever in the fintech sector

Tom Matsuda

2 min read

Turkish fintech Midas has raised $80m in Series B funding, the largest ever fintech deal in the country. Fintech-focused VC firm QED Investors led the funding round, with participation from the International Finance Corporation, Nik Storonsky’s QuantumLight, HSG (formerly Sequoia China), Spice Expeditions and George Rzepecki. 

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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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