Finance
Sequoia Backs Startup Giving Offshore Accounts to People in Unstable Economies
- Nsave offers accounts to customers in fragile economies
- Fundraising gives firm $18 million to expand into investments
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Offshore finance startup nsave raised $18 million from investors including Sequoia Capital and Y Combinator to help it expand into investment products.
Nsave, which offers accounts for customers in countries with high inflation or unstable banking services, said the funding round was led by TQ Ventures, with backing also coming from ACE Ventures and Swiss nonprofit Proton Foundation. The Geneva and London-based firm did not disclose its valuation.