How much total savings has Versa processed since its 2021 launch?

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Versa Has Processed RM2.5 Billion in Savings Since 2021 Launch

Since its inception in 2021, the Malaysian wealth management application Versa has facilitated a total of RM2.5 billion in savings for its users. This significant figure underscores the growing adoption of digital platforms for personal finance management within the country.
Auto Save Feature Adoption

A key driver of this growth is Versa's Auto Save feature, which is now utilised by over 30,000 individuals. This function empowers users to automatically allocate a portion of their monthly income directly into investment products accessible through the Versa app, thereby simplifying the investment process and fostering consistent saving habits.
Partnership with AHAM Asset Management

Versa's collaboration with AHAM Asset Management Berhad has been instrumental in its success, accumulating more than RM1 billion in assets under management. This partnership ensures that the investment products offered on the Versa platform are managed by a reputable asset management firm, providing users with confidence in their investment choices.
Promotional Offers and Platform Accessibility

To further encourage user engagement, Versa is offering promotional fixed rates of 4.2 per cent per annum for Versa Save Conventional and 3.9 per cent for Versa Save Shariah on fresh funds for a duration of 210 days. Additionally, new users can benefit from a promotional rate of 10 per cent per annum nett on their initial RM500 invested through Auto Save in Versa Save for three months. The platform itself is accessible with a low minimum investment of RM10 and incurs no sales fees, making it an inclusive option for a broad range of investors. Versa's platform currently serves over 400,000 users and operates under the regulation of the Securities Commission Malaysia.

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How much total savings has Versa processed since its 2021 launch?

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