Interview
UK fintech brings foreign currency accounts to Syrians at home
The launch comes as Syria’s new government attempts to stabilize the country’s shattered economy following the January 2025 rise to power of President Ahmed al-Sharaa after the ouster of former President Bashar al-Assad.
A new fintech launch is giving Syrians inside the country first-time access to foreign currency accounts, signaling early shifts in Syria’s postwar financial landscape as sanctions ease and international firms cautiously reengage.
In a statement, UK-based fintech nsave — backed by investors including Sequoia Capital, Y Combinator and TQ Ventures — said it launched financial services for Syrians in two phases: inbound transfers into Syria and international accounts for residents inside the country.
The nsave app is available on iOS and Android, according to founder and CEO Amer Baroudi.
For Baroudi, nsave exists because of lived experience.
