Information Technology
/C O R R E C T I O N -- nsave/
The company also confirmed an $18mn Series A investment led by TQ Ventures with participation from Sequoia Capital, Y Combinator, ACE Ventures, and Proton Foundation, to accelerate their growth.
Today's launch means customers can access US equities, ETFs and soon funds managed by some of the world's largest asset fund managers, via the nsave app, subject to onboarding and compliance checks.
By working with regulated financial institutions and banking partners in the UK and Switzerland , nsave offers safe and compliant accounts abroad, democratising offshore services to millions of people affected by high inflation or economic uncertainty in their home countries.
nsave's customers include young professionals who move abroad and face exclusionary and outdated compliance processes due to their country of birth, alongside people from high inflation economies, who fear their life savings will be wiped out.
Based in London and Geneva , nsave is led by former Rhodes Scholars Amer Baroudi and Abdallah AbuHashem .
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Contact:
press@nsave.com
Photo: https://mma.prnewswire.com/media/2594677/nsave_Founders_AmerandAbdallah.jpg
Logo: https://mma.prnewswire.com/media/2594678/nsave_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/fintech-nsave-launches-investment-platform-offering-people-from-distressed-economies-protection-from-inflation-with-compliant-and-safe-investments-abroad-302347105.html