Fintech firm nsave, backed by prominent investors like Sequoia Capital and Y Combinator, has announced a landmark expansion of its services into Syria. The company, which recently secured $18 million in funding, will provide Syrians with access to stable foreign currency accounts in USD, EUR, and GBP for the first time. This initiative aims to offer a crucial hedge against local economic instability and reconnect a population long excluded from the global financial system.

“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.”

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.”