London-based fintech startup nsave has secured a €17.5 million Series A funding round to accelerate its growth and launch an investment product alongside its accounts provision.
The funding round was led by TQ Ventures, with participation from Sequoia Capital, Y Combinator, ACE Ventures, and Proton Foundation.
This investment aims to accelerate nsave’s growth and support the launch of its new investment product, which offers customers access to US equities, ETFs, and funds managed by asset managers, subject to onboarding and compliance checks.
CEO Amer Baroudi commented: “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.”
Founded in 2022 by former Rhodes Scholars Amer Baroudi and Abdallah AbuHashem, nsave targets young professionals who move abroad and face exclusionary compliance processes due to their country of birth, as well as individuals from high-inflation economies.
The company collaborates with regulated financial institutions and banking partners in the UK and Switzerland to ensure safety and compliance for its international clientele.
In addition to this, nsave have also released a new app to coincide with the announcement of the funding. Among the redesign and new elements is the their investment feature.
“This funding is a testament to the incredible support from our investors who share our goal of a world where everyone has access to secure financial services – no matter their background,” they shared in a LinkedIn post.
TQ Ventures Co-founder Schuster Tanger added: “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.”
With offices in London and Geneva, nsave is poised to expand its services, aiming to provide secure and compliant financial solutions to a broader audience, particularly those who have been historically underserved by traditional financial institutions.
Read the orginal article: https://www.eu-startups.com/2025/01/international-banking-made-easy-nsave-secures-e17-5-million-to-drive-growth-and-launch-investment-product/
