Nsave, a fintech based in Geneva, has secured $4 million in seed funding to make banking in Switzerland accessible to people in countries with unstable banking sectors or facing high inflation. The round was co-led by Sequoia Capital and TQ Ventures with participation from Y Combinator, SV Angel, and FONGIT. Co-founded by Amer Baroudi and Abdallah AbuHashem, nsave aims to democratize access to offshore banking, offering a trusted account abroad where users can keep savings in hard currencies like the dollar, euro, or pound. The fintech has partnered with regulated financial institutions to offer this service, which involves a risk assessment process based on strict banking regulations. Nsave's innovative approach to risk assessment aims to provide proper safeguards and automated due diligence mechanisms. The company targets individuals in struggling economies, such as Lebanon, where inflation and currency devaluation have imposed severe limitations on accessing savings. George Robson, Partner at Sequoia Capital, emphasized the significance of Nsave's offering in providing a trusted option against rampant inflation for users in distressed economies. Nsave plans to continue refining its platform to meet the needs of financially excluded individuals and build partnerships with banks to ensure compliance with strict financial regulations.