
Geneva-based fintech nsave raises USD 18 million
13 January 2025

nsave has secured USD 18 million in Series A funding to expand its services, offering customers from high-inflation countries access to U.S. equities, ETFs, and investment funds.
nsave, a fintech start-up connecting individuals in high-inflation economies with trusted, compliant financial services, has announced the launch of a new investment product. This offering allows customers to access U.S. equities, ETFs, and, soon, funds managed by leading global asset managers. By expanding its services, nsave aims to help customers protect and grow their wealth amidst economic uncertainty.
The launch coincides with the closing of an USD 18 million Series A funding round led by TQ Ventures, with participation from Sequoia Capital, Y Combinator, ACE Ventures, and Proton Foundation. The capital will accelerate nsave’s growth as it scales operations in Switzerland and the UK.
Founded by Amer Baroudi and Abdallah AbuHashem, nsave addresses a critical need for individuals often excluded from traditional banking systems due to their country of origin or local economic conditions. Its platform offers secure dollar, sterling, and euro accounts through partnerships with regulated financial institutions in Switzerland and the UK.
Regulatory rigor with cutting-edge solutions for global markets
nsave’s customers include young professionals facing outdated compliance barriers and individuals from high-inflation economies seeking to safeguard their savings. With the addition of investment services, the platform enables these underserved groups to take the first step toward financial prosperity.
“Our vision goes beyond protecting wealth,” said CEO Amer Baroudi. “For many, this marks their first opportunity to access trusted investment services securely. We’re committed to creating a more inclusive financial system.” Investors, including Schuster Tanger of TQ Ventures, praised nsave’s innovative approach: “Nsave is tapping into a massive underserved market, driven by the strength of its leadership and vision.”
Operating from Geneva and London, nsave exemplifies Western Switzerland’s appeal as a hub for innovation in financial technology, aligning regulatory rigor with cutting-edge solutions for global markets.