LONDON and GENEVA, Jan. 10, 2025 – In a world where financial stability often feels like a distant dream for many, nsave emerges as a transformative force, launching an innovative investment platform designed to protect individuals from the ravages of inflation. This new offering is not just a financial product; it’s a lifeline for those navigating the turbulent waters of distressed economies.
Empowering the Underserved
nsave is on a mission to democratize access to safe and secure financial services. By providing trusted dollar, sterling, or euro accounts abroad, nsave enables individuals from high inflation countries to safeguard their wealth. With the recent launch of their investment product, customers can now access a diverse range of US equities, ETFs, and funds, all through the nsave app.
The company has successfully secured an $18 million Series A investment led by TQ Ventures, with notable participation from Sequoia Capital, Y Combinator, ACE Ventures, and Proton Foundation. This funding will accelerate nsave’s growth and enhance its ability to serve those most in need.
A Vision for Financial Inclusion
Founded by former Rhodes Scholars Amer Baroudi and Abdallah AbuHashem, nsave is built on the belief that financial services should be accessible to everyone, regardless of their background or geographic location. Baroudi emphasizes, “Our vision is to go beyond just protecting everyday people’s wealth by enabling safe and compliant accounts abroad, but to enable them to grow it, too.”
For many of nsave’s customers, this is a groundbreaking opportunity. Young professionals relocating abroad often face exclusionary compliance processes due to their country of birth. Meanwhile, individuals from high inflation economies live in constant fear that their life savings could be obliterated overnight. nsave’s platform offers a secure pathway to financial stability and growth.
Compliance-By-Design Approach
By collaborating with regulated financial institutions and banking partners in the UK and Switzerland, nsave ensures that its services are not only safe but also compliant with international standards. This compliance-by-design approach allows nsave to extend its offerings to a broader audience, empowering millions affected by economic uncertainty.
TQ Ventures co-founder Schuster Tanger notes, “nsave is tapping into a massive market of individuals underserved by existing financial services who need secure, stable financial solutions.” He adds, “From the outset, I was impressed by nsave’s unique approach and the strength of their team, no doubt a function of Amer and Abdallah’s own lived experience of these challenges.”
A New Era of Financial Services
As nsave continues to innovate and expand its offerings, it stands as a testament to the power of entrepreneurship in addressing societal challenges. The launch of this investment platform is not just about financial transactions; it’s about creating a more inclusive financial system where everyone has the opportunity to thrive.
In a world where your passport often dictates your financial future, nsave is determined to change the narrative. With their commitment to compliance, security, and accessibility, they are paving the way for a brighter financial future for all.
For more information, visit nsave or contact their press team at press@nsave.com.
This post is a reflection on the evolving landscape of fintech and the importance of inclusive financial services in today’s economy.