“LexisNexis
LexisNexis Risk 2025
LexisNexis Risk 2025
Close Menu
    • About Fintech News Network
    • Work With Us
    • Contact Us
    • Media Kit
    • Advertise With Us
    • Fintech Malaysia Newsletter
    • Submit Fintech Startup
    • Submit Press Release
    • Submit Interview Request
    • Submit Fintech Event
    • Submit Vacancy
    • Webinar Inquiry APAC
    • Fintech Startups in Malaysia
    LinkedIn Facebook X (Twitter) YouTube RSS
    • About Fintech News Network
      • Work With Us
    • Contact Us
    • Media Kit
    • Advertise With Us
    • Fintech Malaysia Newsletter
    • Submit
      • Submit Fintech Startup
      • Submit Press Release
      • Submit Interview Request
      • Submit Fintech Event
      • Submit Vacancy
      • Webinar Inquiry APAC
    • Fintech Events in Malaysia
    • MY Fintech Startup Directory
    Fintech News Malaysia

    Fintech News Network 10-Year Anniversary

    LinkedIn Facebook X (Twitter) YouTube RSS
    Free Newsletter
    • Blockchain
    • Lending
    • Payments
    • Insurtech
    • Wealthtech
    • Regtech
    • Report
    • Startups
    • Events
    • Jobs
    Fintech News Malaysia

    Fintech News Network 10-Year Anniversary

    Home»WealthTech»Versa Surpasses RM500 Million in Total Deposits in Two Years
    WealthTech

    Versa Surpasses RM500 Million in Total Deposits in Two Years

    Fintech News MalaysiaFintech News MalaysiaAugust 10, 20232 Mins Read
    LinkedIn Facebook Twitter Copy Link Telegram Email
    Share
    LinkedIn Facebook Twitter Telegram Copy Link Email
    Free Newsletter

    Get the hottest Fintech Malaysia News once a month in your Inbox

    Malaysia’s digital wealth management platform Versa has surpassed over RM500 million in total deposits in the past two years since its launch in 2021.

    Versa is a recognised market operator with approval and license from Malaysia’s Securities Commission (SC). It has more than 100,000 registered accounts to date, where 90% of the users are aged below 40 years.

    Its flagship product, Versa Cash, offers users returns on-par with fixed deposits but with flexible withdrawals at any time. Versa had also recently rolled out Versa Cash-i, a shariah-compliant fund, enabling users to perform same-day withdrawals.

    Both Versa Cash and Versa Cash-i are under the management of AHAM Capital which recently acquired global alternative investment manager CVC Capital Partners.

    Last year, Versa raised its pre-series A funding round for an undisclosed sum from the likes of AHAM Capital, OSK Ventures, HPRY Ventures, and Hibiscus Fund.

    Richmond Yau
    Richmond Yau

    Richmond Yau, Co-founder and Chief Operating Officer of Versa said,

    “We are thrilled to pioneer and reimagine the entire experience of savings and investing via a mobile app. A recent survey revealed that many Malaysian youths struggle to allocate RM1,000 during emergencies. On average, our users can save 4-5 times that amount with us.”

    Nelson Wong
    Nelson Wong

    Nelson Wong, Co-founder and Chief Technology Officer of Versa added,

    “We simplify complicated wealth products to make them relatable to the next generation. Our product development process centers on a user-centric approach, striking a balance between innovation and an intuitive app experience.”

    Versa
    Share. LinkedIn Facebook Twitter Telegram Copy Link Email

    Author

    Avatar photo
    Fintech News Malaysia
    • Facebook
    • X (Twitter)

    Related Posts

    SC Malaysia Launches Consultation on Tokenised Capital Market Products

    May 6, 2025

    Shariah-Compliant Digital Gold Investment Now Available at Bank Rakyat 

    April 24, 2025

    CGS Malaysia Enables Malaysians to Invest in Bursa Shares from Just RM1

    April 9, 2025

    Wealth Platform Versa Raises RM30 Million in Series A Funding

    March 19, 2025

    Bitcoin, Ethereum ETFs Now Available on StashAway

    January 23, 2025

    Versa Launches Quests to Gamify Savings and Boost Returns

    January 20, 2025

    Moomoo Investors Can Now Instantly Fund Their Accounts Through GXBank

    January 8, 2025

    TNG eWallet Users Can Start Private Retirement Scheme from RM100

    November 27, 2024
    SecuritySponsored

    When US$1,000 Can Cause US$2.5 Million in Monthly Business Losses from Fraud

    Sponsor: sumsubApril 9, 2025
    Fintech Malaysia Newsletter
    Subscribe to the most important Fintech Malaysia News
    Follow Us
    • LinkedIn
    • Facebook
    • Twitter
    • YouTube
    Featured Whitepaper

    Featured Reports

    Sumsub Identity Fraud Report 2024-2025

    Financial Crime Landscape in Malaysia Q4 2024

    Featured Award

    FF50 Banner Nomination

    Featured Fintech Events

    LexisNexis Malaysia Event

     ITC Asia 2025

    Sumsub Fraud Summit 2025

    Featured Fintech Video

    The Future of Islamic Digital Banking

    Webinar Replay

    Cracking the Code of Asia's Banking Trends in 2025 and Beyond-Temenos

    Upcoming Fintech Events
    Risk Ready 2025
    May 29, 2025
    Malaysia
    -
    Kuala Lumpur
    Featured
    FinXtex Malaysia 2025
    May 19, 2025
    Malaysia
    -
    Kuala Lumpur
    ITC Asia 2025
    June 3, 2025
    -
    June 5, 2025
    Singapore
    OceanBase INFINITY CxO Special | Malaysia Edition
    June 18, 2025
    Malaysia
    -
    Kuala Lumpur
    Fintech Revolution Summit 2025
    July 23, 2025
    Malaysia
    -
    Kuala Lumpur
    View More
    Promote Event
    Fintech Jobs
    Compliance and Risk Manager
    Petaling Jaya, Full-time, Hybrid
    CapBay
    View
    Account Manager
    Kuala Lumpur, Full-time
    Atome
    View
    Transaction Monitoring Specialis
    Kuala Lumpur, Full-time, On-site
    dtcpay
    View
    Channel Partnership Manager
    Kuala Lumpur, Full-time
    Curlec by Razorpay
    View
    Sales Assistant (B2B Fintech Media)
    Full-time, Remote
    Fintech News Network
    View
    View More
    Add Vacancy
    Malaysia Fintech Report 2024

    MY Fintech Map 2024

    Singapore Fintech Report 2024

    Singapore Fintech Report 2024

    Philippines Fintech Report 2024

    PH report 2024

    UAE Fintech Report 2024

    UAE Fintech Map 2024


    Whitepapers & E-Books
    Financial Crime Landscape in Malaysia Q4 2024: Emerging Trends and Countermeasures
    Financial Crime Landscape in Malaysia Q4 2024: Emerging Trends and Countermeasures
    Tookitaki
    Report - APAC Identity Fraud Report 2024/2025
    Report - APAC Identity Fraud Report 2024/2025
    Sumsub
     Permissionless Blockchain in Financial Services
    Permissionless Blockchain in Financial Services
    Zühlke
    Traditional Finance and Crypto in Malaysia: The Intersection Between the Old and the New
    Traditional Finance and Crypto in Malaysia: The Intersection Between the Old and the New
    Luno


    Navigation
    • About Fintech News Network
    • Advertise With Us
    • Media Kit
    • Work With Us
    • Contact Us
    • Fintech Malaysia Newsletter
    • Submit Fintech Startup
    • Submit Fintech Event
    • Submit Interview Request
    • Submit Press Release
    • Submit Vacancy
    • Fintech Events in Malaysia
    • Directory
    • Privacy Policy / Disclaimer
    Other Fintech News Network Publications
    Fintech News Malaysia
    Fintech News Singapore
    Fintech News Hong Kong
    Fintech News Philippines
    Fintech News Network Indonesia
    Fintech News Network Thailand
    Fintech News Switzerland
    Fintech News Baltic
    Fintech News Nordics
    Fintech News America
    Fintech News Middle East
    Fintech News Africa
    Get Informed

    Subscribe to Updates

    Subscribe to the most important Fintech Malaysia News

    LinkedIn Facebook X (Twitter) YouTube RSS
    • About Fintech News Network
    • Advertise With Us
    • Media Kit
    • Work With Us
    • Contact Us
    • Fintech Malaysia Newsletter
    • Submit Fintech Startup
    • Submit Fintech Event
    • Submit Interview Request
    • Submit Press Release
    • Submit Vacancy
    • Fintech Events in Malaysia
    • Directory
    • Privacy Policy / Disclaimer
    © 2015 - 2025 Copyright CK Finanzpro GmbH. All Rights reserved.

    Type above and press Enter to search. Press Esc to cancel.