Draft:Versa (fintech)
Submission declined on 2 August 2026 by Theroadislong (talk).
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This draft reads like an advertisement. Wikipedia is an encyclopedia, not a platform for promotion or marketing. Drafts that are exclusively promotional may be deleted without notice.
Declined by Deb 3 months ago.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. | |
Comment: The title of this draft either has been disambiguated or will need to be disambiguated for acceptance.If the title of this draft has been disambiguated, submitters and reviewers are asked to check the disambiguated title to see if it is the most useful disambiguation, and, if necessary, rename this draft. If this draft is accepted, the disambiguation page will need to be edited. Either an entry will need to be added, or an entry will need to be revised. Please do not edit the disambiguation page or insert a link to this draft unless you are accepting this draft.The disambiguation page for the primary name is Versa.You may ask for advice about disambiguation at the Teahouse. Robert McClenon (talk) 16:04, 2 August 2026 (UTC)
- 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)
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]
History
[edit]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
[edit]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
[edit]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]
- 1 2 3 "Digital Initiatives: List of Registered E-Service Platforms". sc.com.my. Securities Commission Malaysia. Retrieved 15 April 2026.
- ↑ "Versa - Company Profile". Tracxn. Retrieved 15 April 2026.
- ↑ Suhaidi, Nurul (29 January 2021). "Versa partners with Affin Hwang to offer an alternative platform for finance and savings management". BusinessToday. Retrieved 15 April 2026.
- ↑ "Versa Asia Raises an Eight-Figure Funding Round". Fintech News Malaysia. 5 September 2022. Retrieved 15 April 2026.
- 1 2 "Wealth Platform Versa Raises RM30 Million in Series A Funding". Fintech News Malaysia. 19 March 2025. Retrieved 15 April 2026.
- 1 2 "Malaysian wealth startup Versa aims for profitability by 2027". Nikkei Asia. Retrieved 15 April 2026.
- ↑ "Where is my money kept?". support.versa.com.my. Versa Asia. Retrieved 15 April 2026.
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