+38%

est. 2Y upside i

FinTechSeries B

Stage: early. Country: Germany

Rank

#1204

Sector

Fintech

Est. Liquidity

~4Y

Data Quality

Data: Medium

Midas offers a moderate upside of ~38% over 2 years given its strong growth and profitability.

Last updated: July 19, 2026

Bull (35%)+86%

Bull case: Exit multiple expands to 7x driven by IPO window or category leadership in Turkish retail investing, yielding a $1.86B exit. Revenue grows to $266M by end of 2027 with 40% then 30% growth.

Base (40%)+33%

Base case: Exit multiple converges to 5x, in line with public fintech comps (HOOD, COIN, IBKR), resulting in a $1.33B exit.

Bear (25%)-20%

Bear case: Multiple compresses to 3x due to increased competition or macro headwinds, leading to a $798M exit, a 20% loss.

Est. time to liquidity~4.0 years

Preference Stack Risk

low

Funding Intensity

14%

Total preferred stock of $140M represents 14% of the $1B valuation, so common stock has a low preference overhang.

Dilution Risk

low

Company is profitable and recently raised Series B, so dilution risk for employees is minimal in the near term.

Secondary Liquidity

none

No secondary trading program has been announced, so employee equity is illiquid until an exit event.

Questions to Ask at the Interview

Strategic questions based on Midas's data — designed to show you've done your homework.

  • 1

    “What is Midas's strategy to maintain its commission-free model against traditional brokers offering similar features?”

  • 2

    “How does Midas plan to expand its product offerings beyond trading into banking and credit?”

  • 3

    “What is the expected timeline for an IPO and how does that affect employee equity liquidity?”

Community

Valuation Sentiment

Our model estimates +38% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.