Versa, a Malaysian wealth management platform, has raised RM30 million in a Series A funding round led by AHAM Asset Management Berhad.

Other investors in this round include Tengku Fahad Mua’adzam Shah ibni Almarhum Sultan Haji Ahmad Shah and Versa’s CEO, Teoh Wei-Xiang.

The funding will be used to accelerate user acquisition and expand Versa’s product roadmap, supporting its goal of enabling one million young Malaysians to invest by 2027.

Versa, which began as a cash management tool in 2021, has since expanded to offer access to nearly 20 investment funds, both conventional and Shariah-compliant.

The platform reports approximately 300,000 registered users, with a majority under the age of 40.

In 2024, Versa reported that its users collectively saved over RM500 million through the platform.

Versa made investing more accessible by eliminating front-end fees that traditionally ranged from 2% to 5%.

The company has also introduced Versa Quest, a feature that allows users to earn bonus returns by completing financial tasks, promoted by ambassador Khairy Jamaluddin.

Versa claims some users achieved returns of up to 9.3% in January 2025 using this feature.

Dato’ 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.”

Versa’s Chairman Dato’ Noorazman added,

“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.”