Draft:Versa
From Wikipedia, the free encyclopedia
Versa (Versa Asia Sdn Bhd) is a Malaysian financial technology company. Headquartered in Petaling Jaya, the company provides a mobile application for cash management and investment services. It is a Recognized Market Operator (RMO) licensed by the Securities Commission Malaysia. [1]
Where to get help
How to improve a draft
You can also browse Wikipedia:Featured articles and Wikipedia:Good articles to find examples of Wikipedia's best writing on topics similar to your proposed article. Improving your odds of a speedy review To improve your odds of a faster review, tag your draft with relevant WikiProject tags using the button below. This will let reviewers know a new draft has been submitted in their area of interest. For instance, if you wrote about a female astronomer, you would want to add the Biography, Astronomy, and Women scientists tags. Editor resources
|  |
Comment: Please find more reliable sources (not primary sources). Don't forget to declare your conflict of interest and take appropriate action. Deb (talk) 17:31, 14 April 2026 (UTC)
History
Versa was founded in 2019 by Teoh Wei Xiang, Richmond Yau, and Nelson Wong.[2] The company obtained its RMO license from the Securities Commission Malaysia to distribute capital market products digitally.[1]
In January 2021, the company launched its first product, in partnership with Affin Hwang Asset Management (now AHAM Capital).[3] In September 2022, the company announced it had secured an eight-figure funding round. This round included participation from OSK Ventures International Berhad and the Hibiscus Fund, a venture capital fund managed by RHL Ventures and South Korea's KB Investment.[4]
In March 2025, Versa completed a Series A funding round totaling RM30 million. The round was led by AHAM Capital and included investments from individuals such as Tengku Fahad Mua'adzam Shah.[5] Following these rounds, the company announced a target of reaching one million registered users by 2027.[5]
In 2026, the company stated its objective to reach profitability by the fiscal year 2027.[6]
Regulation
Versa is a Recognized Market Operator (RMO) registered with the Securities Commission Malaysia under its digital e-service framework.[1] The company's investment products are managed by AHAM Asset Management Berhad, a licensed fund manager. All client assets are held in trust by independent registered trustees; HSBC Malaysia Trustees Berhad serves as the trustee for the platform's cash management funds, while CIMB Commerce Trustee Berhad serves as the trustee for its investment portfolios.[7]
Business model
Versa functions as a digital aggregator of third-party financial products. The platform provides access to money market funds and investment portfolios managed by partners such as AHAM Asset Management Berhad. The company generates revenue through annual management fees, which typically range from 0.30% to 1.80% based on the fund category.[6]
Wikipedia articles must be written neutrally in a formal, impersonal, and dispassionate way. They should not read like a blog post, advertisement, or fan page. Rewrite the draft to remove:
Instead, only summarize in your own words a range of independent, reliable, published sources that discuss the subject.
If you have a conflict of interest (e.g. you are the subject, an employee, or a relative) or are being paid to edit, you must disclose this to comply with Wikipedia's Terms of Use.