Swiss fintech startup nsave has raised $18 million in a Series A investment round led by TQ Ventures, with participation from Sequoia Capital, Y Combinator, ACE Ventures and Proton Foundation.
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Founded in 2022, nsave offers international foreign currency accounts in Euros, US Dollars or British Pounds for individuals from countries facing economic instability or high inflation.
Its clients include young professionals who go abroad and face proprietary compliance processes because of their country of birth, as well as people from high-inflation economies, who fear their savings could be wiped out.
This new funding coincides with the launch of an investment product providing access to US stocks and ETFs and soon to funds managed by some of the world’s largest asset managers.
Amer Baroudi, CEO of Nsave, said: “Our vision is to go beyond just protecting ordinary people’s wealth by enabling safe and compliant offshore accounts, but to also enable them to grow it. »
“For some of our clients, this is the first time they have been able to securely access trusted investment services. We believe your passport should not determine your path to prosperity. Our compliance by design approach allows us to deliver services securely to more people. “m.”