Here’s VERSA. They’re a Malaysian wealth management platform that lets users save, invest, and grow their money! Now, they just raised a $6.79M Series A. 

Investor check. AHAM Asset Management Berhad (AHAM Capital) led the round, while Tengku Fahad Mua’adzam Shah ibni Almarhum Sultan Haji Ahmad Shah and Teoh Wei-Xiang (CEO, Versa) also joined in!

• Extra Scoop: All of Versa’s funds are managed by AHAM Capital! Oh, and Tengku Fahad Mua’adzam Shah? He’s the son of the late Sultan of Pahang.

‍

↗️ Invest, invest, invest

Investing noobs, don’t know where to put your money? 

Versa’s easy-to-use app and low investment minimum of 100 RM (~$22) make it ideal for young professionals or fresh graduates. 

• They’ve got a wide selection of funds, so you can choose freely based on your needs, goals, and risk appetite. Oh, and they also offer Shariah-compliant funds!
• You can invest in leading US tech giants and emerging pioneers (Versa US-Tech), SGD-dominated assets (Versa SGD), gold (Versa Gold), and more. 

‍

🧓 Future-proof

Versa also lets you open a retirement fund with Versa PRS (Private Retirement Scheme). Users can claim up to 3K RM (~$678) in tax income relief and diversify their retirement income. 

• Hello, savings! Versa also offers a low-risk money market fund with no lock-ins and a minimum deposit of 10 RM (~$20) with Versa Save.

‍

💰 What’s with the $$$? 

They’ll use the funding to accelerate user acquisition and execute the firm’s product roadmap over the next five years.