Versa, a wealth management platform in Malaysia, has finished its Series A funding round, led by AHAM Asset Management Berhad (AHAM Capital).
Other investors include Tengku Fahad Mua’adzam Shah, a Princeton University alumnus, and Versa’s CEO, Teoh Wei-Xiang. The new funds will be used to attract more users and help grow the company’s products over the next five years.
With around 300,000 registered users, Versa has helped Malaysians save over MYR 500 million ($113 million) in 2024, with 90% of users being under 40.
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It’s Chairman Noorazman said,“This funding is a testament to the confidence our investors have in our vision, We are committed to driving financial inclusivity and providing Malaysians with innovative, transparent and rewarding investment solutions,”.
Teng Chee Wai, Managing Director of AHAM Capital said, “We believe Versa is well-positioned to transform the wealth management industry in Malaysia Their customer-centric approach and continuous innovation align with our vision for the future of financial services This investment is among AHAM Capital’s largest reflecting our strong belief in Versa’s potential and leadership,”.
About Versa
Versa is a digital wealth management app that helps Malaysians improve their financial well-being. The app makes saving and investing easy through its partnership with AHAM Capital Asset Management. It is accessible with low minimum amounts, low fees and the flexibility to withdraw anytime without penalties.
