nsave raises $18m to offer safe offshore accounts for high-inflation economies

January 10, 2025

nsave, a provider of trusted offshore accounts for people from high-inflation economies, has announced the launch of an investment platform aimed at protecting users’ wealth through compliant and secure investments.

The company offers dollar, sterling, or euro accounts abroad, addressing the financial needs of those impacted by economic instability.

The company raised $18m in a Series A funding round, led by TQ Ventures. Other investors included Sequoia Capital, Y Combinator, ACE Ventures, and Proton. This capital injection will help nsave accelerate its growth and expand its services.

nsave provides access to US equities, ETFs, and funds through its app. The company works with regulated financial institutions and banking partners in the UK and Switzerland to ensure compliance and safety, offering a lifeline to people affected by inflation or economic uncertainty in their home countries.

With the new funding, nsave aims to expand its investment product offerings. The company plans to integrate managed funds from some of the world’s largest asset managers.

Speaking on the company’s mission, nsave CEO Amer Baroudi said, “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, commented, “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.”