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
Not available
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Net Profit
Not available
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EBITDA
Not available
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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
Not available
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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.
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.
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.
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Venture capital fund investing in early-stage tech startups
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Provider of a private equity company that focuses on supporting business-to-business
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Investor details for Versa
Investor domains, locations, round participation, and complete history require an active premium plan.
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Verified entity values are shown only after access is granted.
Investments & Acquisitions by Versa
Investment portfolio details for Versa
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
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Financial Statements - Versa
Detailed financials for Versa
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- Profit trends
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Versa Comparisons
Peer comparison for Versa
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Shariah-compliant investments and savings are offered to individuals.
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Robo advisory and savings services are provided via mobile app.
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AI-enabled robo advisory for wealth management is provided.
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Automated financial advice is offered for US asset investments.
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Shariah-compliant robo advisory and investment management platform is operated.
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Detailed competitors of Versa
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Latest news on Versa
Complete news archive for Versa
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Frequently Asked Questions about Versa
Versa was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Versa is headquartered in Petaling Jaya, Malaysia. It is registered at Petaling Jaya, Selangor, Malaysia.
Teoh Wei Xiang is the current CEO of Versa. They have also founded this company.
Versa is a funded company, having raised a total of $6.78M across 2 funding rounds to date.
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.
Versa offers Versa Save, Versa Invest, and Versa Retirement.
Versa has 7 investors. Key investors include KB Investment, OSK Ventures International Berhad, AHAM Asset Management Berhad, Tengku Fahad Muaadzam Shah, and RHL Ventures.