Nsave Launches Investment Platform, Raises $18 Million

Nsave, a fintech startup based in London and Geneva, has launched a new investment platform aimed at individuals from countries experiencing high inflation and economic instability. This platform allows customers to invest in US equities, ETFs, and soon, funds managed by prominent asset managers, helping them to protect and grow their wealth. The launch coincides with Nsave's successful $18 million Series A funding round led by TQ Ventures, with participation from major investors like Sequoia Capital and Y Combinator. By partnering with regulated financial institutions in the UK and Switzerland, Nsave aims to provide secure and compliant offshore accounts, addressing the financial exclusion faced by many individuals. Co-founders Amer Baroudi and Abdallah AbuHashem emphasize that their services are designed to ensure that a person's passport does not dictate their financial opportunities. This innovation seeks to democratize access to global financial services for those underserved by traditional banking systems.