--- title: 'Quantitative Developer at Midas' canonical: 'https://feeny.ai/job/quantitative-developer-midas-istanbul-gk2xd7gmeyaj' type: 'job' last_seen: '2026-11-08' --- # Quantitative Developer at Midas - **Company:** Midas - **Location:** İstanbul, Turkey - **Employment:** full-time - **Work type:** remote - **Posted:** 2026-09-14 - **Last confirmed live:** 2026-11-08 - **Apply:** https://jobs.lever.co/getmidas/06b3a906-b139-41b7-b3a2-b794992af3f2 ## Job description At Midas, we tackle real-world engineering challenges to reshape the future of finance. Our mission is to build the fastest and most reliable products, delivering a seamless experience that empowers everyone to manage their money effortlessly. More than 4.5 million users use our product. Backed by an $80M Series B, the largest fintech investment ever in Turkey, we are scaling faster than ever. Read Before You Apply 🚨 This role is not for everyone. We are looking for outlier engineers who: Have owned products end-to-end, from idea to production monitoring. Have managed live incidents, written post-mortems, and implemented long-term fixes. Passionate about delivering exceptional product experiences and maximizing user impact, beyond just writing code. Years of experience don’t matter — what matters is the depth of ownership, incident handling, and product impact you’ve delivered. If this doesn’t sound like you, no worries — Midas has other opportunities that may be a better fit. ## What You’ll Do - Design, build, and optimize automated execution and hedging systems operating across crypto exchanges and liquidity venues. - Develop execution algorithms, netting mechanisms, and dynamic hedging strategies to efficiently manage trade flow and market exposure. - Build systems to manage, rebalance, and risk-manage inventory positions resulting from trading and execution activity. - Own the full lifecycle: from quantitative research, backtesting, and simulation to implementation, deployment, monitoring, and live performance tuning. - Analyze market microstructure, order book dynamics, execution quality, slippage, and trading performance to identify opportunities and continuously improve strategies. - Build high-throughput, low-latency trading systems using Go for core execution services and Python for research, analysis, and strategy development. - Make pragmatic architectural and quantitative decisions, balancing execution quality, latency, risk, reliability, and trading costs. - Continuously improve live trading systems with a focus on performance, observability, resiliency, and operational excellence. ## What We’re Looking For - Strong fundamentals in computer science, algorithms, data structures, and quantitative problem solving. - Hands-on experience building quantitative trading, algorithmic trading, execution, or HFT systems. - Strong understanding of market microstructure, order books, execution, slippage, and liquidity. - Experience with execution algorithms, netting, dynamic or delta hedging, and inventory management. - Deep understanding of crypto market structure and exchange mechanics, including REST/WebSocket APIs and real-time market data. - Strong experience with Go (Golang) for concurrent, high-throughput, performance-sensitive systems. - Proficiency in Python for research, data analysis, backtesting, simulation, and strategy prototyping. - Ability to go beyond implementation: challenge assumptions, translate market behavior into quantitative hypotheses, and continuously improve execution and hedging strategies. - Experience building and operating resilient, production-grade systems in 24/7 real-time markets. - Familiarity with distributed systems, event-driven architectures, queueing systems, and modern cloud environments is a strong plus. - A mindset of ownership and accountability — you care about execution quality, risk, and live trading performance, not just the code. ## How We Work - Full ownership — you don’t wait, you [solve.](http://solve.First) - First principles mindset — you question assumptions and rebuild where needed. - Balance speed & quality — you ship fast, but always clean. - Product mindset — you care about the user impact, not just the code. - Calm under pressure — incidents happen; you lead with clarity and composure. We don’t measure success by how many features you ship — but by the impact your work has on millions of users. If you thrive in high-stakes environments, love solving real problems, and own your work end-to-end, we want to meet you. ## About Midas ## Company Overview - **One-liner**: Midas is a Turkish fintech company operating a regulated brokerage platform that enables retail investors to trade Turkish and US equities, mutual funds, and cryptocurrencies with zero commission. - **Entity Type**: Private (Series B) - **Headquarters**: İstanbul, Turkey - **Founded**: 2021 - **Founders**: Egem Eraslan (CEO), Umut Bozkurt ## Core Business - **Industry**: Financial Services / Fintech – retail brokerage and investment platform - **Target Customers**: B2C – individual retail investors in Turkey (and expanding internationally) - **Mission**: To make investing in Turkish and American stocks easy and accessible, positioning itself as Turkey’s largest retail investment platform. ## Products & Services - **[Midas Mobile App]**: A mobile-first trading platform offering zero-commission trading on Borsa İstanbul (BIST) and US stock exchanges. Includes features for equities, mutual funds, and cryptocurrency trading. (SaaS / mobile app) - **[Midas Web Platform]**: Web-based access for trading and portfolio management, complementing the mobile app. ## Market Standing - **Valuation**: Not publicly disclosed (latest round was Series B in September 2025) - **Key Metric**: Total Funding of **$139M** (across 4 rounds, including $80M Series B led by QED Investors in Sep 2025) - **Annual Revenue**: **$3.75M** (estimated from LinkedIn data) - **Notable Investors**: QED Investors (lead Series B), Portage Ventures (lead Series A), Spark Capital, Earlybird Digital East Fund - **Growth Signals**: - Monthly website traffic ~788k visits, +25.1% month-over-month and +10.7% year-over-year. - Headcount grew **23.6% YoY** to 350 employees. - Active job postings increased **80% year-over-year** (9 open roles). - Recently launched a card product and expanded into new asset classes. ## Competitive Advantages - **Regulated Brokerage**: Holds a SPK (Capital Markets Board of Turkey) license, offering a trusted, compliant platform in a market with high demand for accessible investing. - **Zero-Commission Model**: Disrupts traditional Turkish brokerage fees, attracting cost-sensitive retail investors. - **Local + Global Access**: Allows Turkish investors to trade both BIST and US stocks seamlessly from a single app. - **Strong Tech Stack**: Modern infrastructure (Kubernetes, microservices, PostgreSQL, Python, etc.) enabling rapid feature development and scalability. ## Strategic Focus - **Product Expansion**: Growing beyond equities into mutual funds, cryptocurrencies, and a card product to become a comprehensive financial super-app. - **International Growth**: Already has employees across 16 countries; likely targeting expat Turkish communities and broader European markets. - **Engineering & Data**: Hiring aggressively for data, infrastructure, and platform roles (e.g., Analytics Manager, Infrastructure Engineer, Engineering Manager for Data Store & Reliability) to support scaling. ## Why Work Here - **Culture**: Described as a fast-growing fintech with a flat hierarchy and a focus on ownership. However, Glassdoor-style ratings are low (2.0/5.0 based on 3 reviews) – take with caution. The large number of ex-employees from top Turkish tech companies (Trendyol, Getir, Papara) suggests a competitive talent environment. - **Remote/Hybrid Policy**: Not explicitly stated, but offices in Istanbul (Uskudar and Üsküdar). Likely hybrid given the tech-heavy workforce. - **Engineering Culture**: Strong emphasis on modern tools (Kubernetes, GitOps, observability stack). Engineering makes up ~43% of the workforce (149 out of 350). Active hiring for senior and lead engineering roles. - **Perks**: Not detailed, but as a well-funded Series B company, likely offers competitive compensation (4.0/5.0 compensation rating) and equity. ## Sources 1. [linkedin.com](https://linkedin.com/company/getmidas) – Company details, financials, workforce, growth 2. [theorg.com](https://theorg.com/org/midas) – Org chart, founders, leadership 3. [rocketlist.ai](https://rocketlist.ai/companies/midas) – Funding, employee count (conflicting 941), tech stack 4. [raising.fi](https://raising.fi/company/getmidas) – Funding rounds summary 5. [jobs.lever.co](https://jobs.lever.co/getmidas) – Current open positions ## Other roles at Midas - [Senior Growth Strategy](https://feeny.ai/job/senior-growth-strategy-midas-istanbul-4b3wzxvjvqzv) — İstanbul, Turkey - [Midas Coders League](https://feeny.ai/job/midas-coders-league-midas-istanbul-pbkvpem1sjyx) — İstanbul, Turkey - [Group IT Auditor](https://feeny.ai/job/group-it-auditor-midas-istanbul-1syfe90ckyw8) — İstanbul, Turkey - [Join Midas - Talent & Culture](https://feeny.ai/job/join-midas-talent-culture-midas-istanbul-xx0htpfhjxf4) — İstanbul, Turkey - [Uyum Operasyon Uzmanı](https://feeny.ai/job/uyum-operasyon-uzman-midas-istanbul-dx1ad9z7w4ak) — İstanbul, Turkey - [Senior Blockchain Engineer](https://feeny.ai/job/senior-blockchain-engineer-midas-turkey-s1kvf7epv5wt) — Turkey - [Product Specialist](https://feeny.ai/job/product-specialist-midas-istanbul-zxpp8xc9jbgv) — İstanbul, Turkey - [Senior Software Engineer](https://feeny.ai/job/senior-software-engineer-midas-turkey-qc82n2pawv6r) — Turkey - [CEO Office](https://feeny.ai/job/ceo-office-midas-istanbul-a6gdw1wd5tej) — İstanbul, Turkey - [Software Engineer, Atlas (Frontend)](https://feeny.ai/job/software-engineer-atlas-frontend-midas-turkey-196akn9cpm9m) — Turkey