nsave SA, a Swiss fintech firm dedicated to providing secure financial services for individuals in distressed economies, has successfully raised $4 million in seed funding co-led by Sequoia Capital and TQ Ventures.

Target Information

nsave SA is a Swiss fintech company focused on providing safe and secure banking solutions for individuals from distressed economies. Co-founded by Rhodes Scholars Amer Baroudi and Abdallah AbuHashem, the company aims to democratize access to financial services for people who have historically faced discrimination in the global banking system. With a user-friendly app, nsave empowers customers residing in high inflation and unstable economic conditions to secure their assets through safe accounts.

nsave's innovative approach includes a proprietary transaction monitoring tool that complies with stringent banking regulations such as anti-money laundering and Know Your Client (KYC) processes. By offering essential financial services, nsave addresses the critical gap faced by over 700 million people lacking stable financial options due to inflation and systemic exclusion.

Industry Overview

Switzerland’s fintech industry is rapidly evolving, characterized by a booming ecosystem that fosters innovation and inclusivity. The country's political and economic stability, combined with its robust regulatory framework, has made it an attractive hub fo