In a groundbreaking announcement that resonates deeply with the company's founding mission, Amer Baroudi, co-founder and CEO of nSave, has revealed that the fintech platform is now open to Syrian citizens. This milestone marks a significant step forward in nSave's journey to provide financial inclusion for people from regions affected by economic instability.
"I Started nSave for This Moment"
"I started nSave for this moment, and I can't fully put into words what it means," Baroudi shared in his recent LinkedIn announcement. "The Syrian people deserve a fair chance to build a future — and today, we take a step closer to making it real."
For Baroudi, a Syrian-born entrepreneur and Oxford University Rhodes Scholar, this announcement represents the fulfillment of a deeply personal mission. Having witnessed his own family lose their life savings due to currency devaluation and faced barriers to accessing international banking services after fleeing the war in Syria, Baroudi understands firsthand the financial challenges Syrians encounter.
Early Access Waitlist Now Open
The company has opened a waitlist specifically for Syrian users, with the first 10,000 applicants receiving early access to the platform. Interested individuals can download the nSave app and sign up, with access granted on a first-come, first-served basis.
What is nSave?
nSave is a Swiss fintech company that provides trusted offshore accounts to individuals from countries with unstable economies. The platform allows users to hold their money in stable currencies (USD, EUR, GBP) and access it when needed, protecting them from the effects of local currency devaluation and inflation.
Founded in 2022 by Amer Baroudi and Abdallah AbuHashem, nSave has rapidly established itself as a pioneer in democratizing access to safe banking for people from distressed economies. The company has secured significant investments, including a $4 million seed round co-led by Sequoia Capital and TQ Ventures, with participation from Y Combinator and other notable investors.
More recently, nSave has expanded its services beyond basic banking to include investment products, following an $18 million Series A funding round. This expansion transforms nSave from a provider of stable currency accounts to a comprehensive wealth management platform.
Breaking Down Financial Barriers
What makes nSave unique is its "compliance-by-design" approach. The company has developed proprietary technology and risk assessment processes that enable it to provide services to individuals who might otherwise be excluded from traditional banking systems solely because of their country of origin.
"Unfortunately, when you come from a distressed country, banks label you as a 'high-risk' client and, in most cases, refuse to provide banking services," Baroudi has noted in previous statements. nSave's mission is to challenge this status quo while maintaining strict compliance with international banking regulations.
A Personal Mission Coming Full Circle
The opening of nSave to Syrian citizens represents a full-circle moment for Baroudi. Having experienced the devastating impact of financial exclusion on his own family and community, he has built a platform that now offers a lifeline to fellow Syrians.
By providing access to stable currency accounts and investment opportunities, nSave aims to give Syrians the tools they need to protect their savings, build wealth, and secure their financial future—regardless of the economic challenges in their home country.
Looking Forward
As nSave continues to expand its reach, the company remains committed to its founding vision: creating a more inclusive global financial system where everyone has access to safe banking and investment opportunities, irrespective of where they come from.
The inclusion of Syria in nSave's coverage is a testament to this commitment and signals the company's determination to serve those who need financial security the most.
For more information about nSave and their mission to democratize offshore banking, visit their comprehensive profile on Neobanque.ch.