Offshore banking platform nsave will launch financial services for underbanked Syrians both abroad and in Syria.
Editorial
This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.
The company’s new service will allow inbound transfers into Syria and international accounts for Syrian residents who previously did not have access to stable foreign currency accounts.
“For years, Syrians have been cut off from the basic financial tools the rest of the world takes for granted – unable to send money, protect savings or stay connected to the global economy,” stated Amer Baroudi, founder and CEO of nsave. Baroudi himself is
Syrian and has experienced the financial difficulties and instability in his home country.
“This isn’t just a product launch for us. It’s about restoring financial dignity to people who have been shut out for too long. We’re proud to be the first global fintech to step up and do it.”
Backed by Sequoia Capital, Y Combinator and TQ Ventures, nsave will provide users access to USD, GBP, and EUR accounts, international cards, global transfers, and saving products.
The Syrian transfer corridor has been built with compliance, fraud controls, sanctions screening, and transaction monitoring, Baroudi assured:
“This didn’t happen by accident. It took deep regulatory work and a team that refused to give up. We’ve structured these services carefully – fully separated from partners still finding their footing on Syria – because we weren’t prepared to wait. Syrians have waited long enough. They deserve modern, safe and affordable financial services, and today we start delivering that.”
In 2025 nsave secured $18 million in Series A funding.
Leave a comment