Sequoia Capital and Y Combinator Invest $18 Million in Nsave to Expand Offshore Account Services

Offshore financial services startup nsave has secured $18 million in funding from prominent investors, including Sequoia Capital and Y Combinator, to support its expansion into investment offerings. The company provides offshore accounts to individuals in regions with high inflation or unstable banking systems, aiming to safeguard users’ wealth in economically volatile environments.

Led by TQ Ventures, the Series A round also saw participation from ACE Ventures and Swiss nonprofit Proton Foundation. While the company did not disclose its valuation, this investment will enable nsave to introduce US equities and exchange-traded funds (ETFs) to its platform, expanding beyond its digital account services.

With a focus on financial inclusion, nsave is poised to offer secure financial solutions to individuals in unstable economies, enhancing wealth protection and investment access in the process.