Turkish commission-free trading platform Midas completed a $80 million financing this week with a valuation of nearly $1 billion

ChainCatcher news, according to Bloomberg, 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 raised $80 million in funding, setting a new record for financing among Turkish fintech companies. This round was led by QED Investors, with new investors including the International Finance Corporation (IFC), and existing investors such as Spark Capital also participating.

So far, Midas has raised a total of $140 million. Midas is owned by Istanbul brokerage Midas Menkul Degerler AS and is regarded as the Turkish version of the "Robinhood" trading platform.