# Versa Asia Sdn. Bhd.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/versa-asia-sdn-bhd

- Industry: Financial Services
- Headquarters: Petaling Jaya, Malaysia
- Website: www.versa.com.my
- Total disclosed funding: $3.3M
- Latest round: Series A (Dec 5, 2022)
- Investors on record: 5

## About

Founded in 2019 and based in Kuala Lumpur, Malaysia, Versa Asia Sdn. Bhd. operates as a financial technology company. The company was founded by its CEO, Teoh Wei Xiang, COO, Richmond Yau, and CTO, Nelson Wong. As of 2022, the company has a total of MYR 82 billion in assets under administration and has over 197,068 clients. In March 2025, Versa Asia Sdn. Bhd. raised MYR 30 million in series A funding led by AHAM Asset Management, with participation from individual investors. The company's management and other unspecified investors also participated in the round. The company provides customers with a digital cash management mobile application that works similarly to a money market investment and allows them to earn interest on their fixed deposits by investing in money market funds. The application offers two options for investing: Versa Invest and Versa Cash. Versa Invest is a longer-term investment portfolio managed by international fund managers with greater returns. Versa Cash is a low-risk fund with the opportunity to withdraw at any moment and earn interest at a rate of up to 2.46 percent per year. The company generates revenue by charging management fees, trustee fees, and fund-level fees to its customers. There are annual management fees of 0.30 percent and trustee fees of 0.05 percent for its Versa Cash plan as well as annual management fees of 1 percent and trustee fees of 0.04 percent for its Versa Invest plan. The company will use the March 2025 funding to accelerate user growth and expand the platform's offerings.

## Funding rounds

- Series A, Dec 5, 2022, $3.3M — KB Investment, AHAM Asset Management, OSK Ventures International Berhad, RHL Ventures, HPRY Holdings

## Investors

- KB Investment (https://capitalatlas.ai/funds/kb-investment) — Series A
- AHAM Asset Management — Series A
- OSK Ventures International Berhad (https://capitalatlas.ai/funds/osk-ventures-international-berhad) — Series A
- RHL Ventures (https://capitalatlas.ai/funds/rhl-ventures) — Series A
- HPRY Holdings — Series A