Fintech company nsave has launched an investment platform, providing customers in high-inflation countries with secure access to global financial opportunities.
This expansion aims to protect and grow wealth for individuals facing economic instability.
The London- and Geneva-based firm offers trusted accounts in US dollars, sterling, or euros, allowing users to invest in US equities, ETFs, and soon, funds managed by established asset managers. These services are delivered through the nsave app, subject to compliance checks.
Furthermore, the launch coincides with nsave’s $18m Series A funding round, led by TQ Ventures with participation from Sequoia Capital, Y Combinator, ACE Ventures, and the Proton Foundation. The funding will boost further growth and innovation.
Furthermore, nsave works with regulated financial institutions in the United Kingdom and Switzerland to provide offshore accounts suited for individuals prohibited from standard banking systems. Its clientele includes young professionals relocating abroad and people from high-inflation economies looking to protect their life assets.
Founded by former Rhodes Scholars Amer Baroudi and Abdallah AbuHashem, nsave remains focused on improving financial security and inclusion for millions of people globally.
nsave CEO Baroudi stated: “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 some of our customers, this is the first time they can access trusted investment services securely. We believe your passport shouldn’t determine your path to prosperity. Our compliance-by-design approach enables us to offer services safely to many more people.”
TQ Ventures co-founder and co-managing partner, Schuster Tanger, added: “nsave is tapping into a massive market of individuals underserved by existing financial services who need secure, stable financial solutions.”
“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. We’re thrilled to roll up our sleeves with nsave to create a more inclusive financial system.”
“Fintech nsave expands with global investment platform” was originally created and published by Private Banker International, a GlobalData owned brand.
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