About Versa
Versa is a company based in Petaling Jaya (Malaysia) founded in 2019 by Richmond Yau, Teoh Wei Xiang, and Nelson Wong.. Versa has raised $6.78 million across 2 funding rounds from investors including KB Investment, OSK Ventures International Berhad and AHAM Asset Management Berhad. Versa offers products and services including Versa Save, Versa Invest, and Versa Retirement. Versa operates in a competitive market with competitors including Wahed, StashAway, Qara, Quiena and BIMB Investment, among others.
- Headquarter Petaling Jaya, Malaysia
- Founders Richmond Yau, Teoh Wei Xiang, Nelson Wong
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Versa Asia Sdn Bhd
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$6.78 M (USD)
in 2 rounds
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Latest Funding Round
$6.78 M (USD), Series A
Mar 20, 2025
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Investors
KB Investment
& 6 more
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Employee Count
Employee Count
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Products & Services of Versa
Versa offers a comprehensive portfolio of products and services, including Versa Save, Versa Invest, and Versa Retirement. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
High-yield savings for financial goals with up to 4.77% returns.
Diversified portfolios starting from RM100 for wealth growth.
Secure funds with tax relief up to RM3,000 annually.
Funding Insights of Versa
Versa has successfully raised a total of $6.78M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $6.78 million completed in March 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $6.8M
- First Round First Round
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2025 | Amount | Series A - Versa | Valuation | AHAM Asset Management Berhad | |
| Sep, 2022 | Amount | Seed - Versa | Valuation | KB Investment , RHL Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Versa
Versa has secured backing from 7 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include KB Investment, OSK Ventures International Berhad and AHAM Asset Management Berhad. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital fund investing in early-stage tech startups
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Provider of a private equity company that focuses on supporting business-to-business
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Versa
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Versa
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Versa Comparisons
Competitors of Versa
Versa operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Wahed, StashAway, Qara, Quiena and BIMB Investment, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Shariah-compliant investments and savings are offered to individuals.
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| domain | founded_year | HQ Location |
Robo advisory and savings services are provided via mobile app.
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| domain | founded_year | HQ Location |
AI-enabled robo advisory for wealth management is provided.
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| domain | founded_year | HQ Location |
Automated financial advice is offered for US asset investments.
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| domain | founded_year | HQ Location |
Shariah-compliant robo advisory and investment management platform is operated.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Versa
Frequently Asked Questions about Versa
When was Versa founded?
Versa was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Where is Versa located?
Versa is headquartered in Petaling Jaya, Malaysia. It is registered at Petaling Jaya, Selangor, Malaysia.
Who is the current CEO of Versa?
Teoh Wei Xiang is the current CEO of Versa. They have also founded this company.
Is Versa a funded company?
Versa is a funded company, having raised a total of $6.78M across 2 funding rounds to date.
What does Versa do?
Versa was founded in 2019 in Petaling Jaya, Malaysia, as an app-based platform in the fintech sector. Investments in multiple funds are facilitated, alongside management of investments, income, and expenses. Deposits into savings plans are supported. The application operates on both Android and iOS devices, serving users in consumer asset management.
What products or services does Versa offer?
Versa offers Versa Save, Versa Invest, and Versa Retirement.
Who are Versa's investors?
Versa has 7 investors. Key investors include KB Investment, OSK Ventures International Berhad, AHAM Asset Management Berhad, Tengku Fahad Muaadzam Shah, and RHL Ventures.
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