nsave Secures $18M to Launch Offshore Accounts and Investment Platform for High-Inflation Economies
nsave, a financial services company specializing in offshore accounts for individuals from high-inflation economies, has announced the launch of a new investment platform designed to safeguard and grow users’ wealth through compliant and secure financial solutions.
The company allows customers to open dollar, sterling, or euro accounts abroad, catering to those impacted by economic instability. This offering is complemented by access to U.S. equities, ETFs, and funds through the nsave app, with operations supported by regulated banking partners in the UK and Switzerland.
The recent $18 million Series A funding round, led by TQ Ventures and joined by investors such as Sequoia Capital, Y Combinator, ACE Ventures, and Proton, will accelerate nsave’s growth and the expansion of its product suite. The company also plans to integrate managed funds from leading global asset managers to enhance its investment offerings.
nsave CEO Amer Baroudi shared the company’s vision: “Our mission goes beyond protecting wealth. We aim to help individuals grow it by providing safe, compliant offshore accounts and investment opportunities. For many, this marks their first chance to access trusted financial services securely.”
Schuster Tanger, co-founder and co-managing partner at TQ Ventures, expressed enthusiasm for the partnership, stating, “nsave addresses a significant gap in the market by offering secure and stable financial solutions to underserved populations. The team’s innovative approach and dedication to inclusivity stand out.”
With its compliance-driven model, nsave aims to create a more accessible and reliable financial system for individuals navigating economic uncertainties in their home countries.
