nsave, a London, UK- and Geneva, Switzerland-based provider of compliant accounts abroad to people from countries with high inflation, raised $18M in Series A funding.
The round was led by TQ Ventures with participation from Sequoia Capital, Y Combinator, ACE Ventures, and Proton Foundation.
The company intends to use the funds to expand operations and its development efforts.
Founded by Amer Baroudi and Abdallah AbuHashem, nsave offers safe and compliant accounts abroad, democratising offshore services to millions of people affected by high inflation or economic uncertainty in their home countries.
Its customers include young professionals who move abroad and face exclusionary and outdated compliance processes due to their country of birth, alongside people from high inflation economies, who fear their life savings will be wiped out.
Customers can now access a range of US equities, ETFs and funds.
FinSMEs
13/01/2025