Nsave , a UK-founded offshore banking platform built for people from distressed economies, today announced the launch of financial services for Syrians in two phases: inbound transfers into Syria and international accounts for residents inside Syria.
For the first time, Syrians will have access to a stable foreign currency account, providing a hedge against local economic instability.
I spoke to the founder and CEO, Amer Baroudi, to learn more.
For millions of Syrians, access to basic financial services has been out of reach for generations. Baroudi started the company after experiencing firsthand the challenges Syrians face in accessing reliable financial services.
He shared that as a Syrian, he spent most of his adult life effectively unbanked. Despite studying at Oxford as a Rhodes Scholar and later building companies internationally, accessing financial services remained one of the biggest barriers he faced:
