Funding, Frontiers & Flow
This week’s fintech capital flows tell a story of scale and reach — from Turkey’s record-setting raise to renewed faith in regulated prediction markets. Investors are backing platforms that modernize banking rails, push stablecoin adoption, and expand fintech’s footprint in emerging economies.
Key Highlights:
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Turkey takes the crown with Midas’ $80M round, marking the nation’s largest fintech raise ever.
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Central Asia gains momentum as Uzbekistan’s Uzum secures nearly $70M to grow embedded finance.
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Stablecoins, banking rails, and prediction markets together attracted over $75M this week, underscoring infrastructure as fintech’s fastest-growing theme.
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Midas – Turkey
Overview: Investment platform offering integrated access to Turkish equities, U.S. markets, mutual funds, and crypto—all commission-free.
Amount Raised: $80 million (Series B) — the largest fintech deal worldwide this week.
Lead Investors: QED Investors, International Finance Corporation (IFC), HSG, QuantumLight, Spice Expeditions LP, George Rzepecki, plus existing backers Spark Capital, Portage Ventures, Bek Ventures, and Nigel Morris. -
Uzum – Uzbekistan
Overview: Tech and e-commerce platform expanding into embedded finance, U.S. dollar accounts, and digital banking services.
Amount Raised: Nearly $70 million (equity financing).
Lead Investors: Tencent, VR Capital, FinSight Ventures. -
M₀ – USA
Overview: Stablecoin infrastructure platform building programmable money rails for modern payments.
Amount Raised: $40 million (Venture Capital).
Lead Investor: Undisclosed venture syndicate. -
Polymarket – USA
Overview: Regulated on-chain prediction market platform, now gaining institutional credibility with major venture backing.
Amount Raised: Double-digit millions (exact figure undisclosed).
Lead Investor: 1789 Capital, with Donald Trump Jr. joining the advisory board. -
TransBnk – India / Global
Overview: Institutional banking infrastructure startup focused on upgrading corporate finance rails.
Amount Raised: $25 million (Series B).
Lead Investors: Bessemer Venture Partners, Arkam Ventures, Fundamentum Partnership.
