Versa, recently named to Forbes Asia’s “100 to Watch” list, announced that its Auto Save feature on the app has surpassed 30,000 users, while its platform has amassed RM2.5 billion in savings since its 2021 launch. To mark the milestone, Versa is offering rates of up to 10% per annum to new savers.
According to recent figures cited by the Finance Ministry, fewer than four in 10 active Employees Provident Fund (EPF) members in the formal sector have adequate savings for their age bracket, with only 38.3% of the 7.94 million active contributors aged 18 to 60 on track to meet basic retirement milestones.
Nearly 70% of Malaysians aged 54 have less than RM250,000 saved in EPF — equivalent to just RM1,000 per month in retirement income, amid rising urban living costs.
Mandatory contributions remain a vital safety net, but these figures show payroll deductions alone are no longer enough. There needs to be a complementary, systematic approach to saving take-home income.
Versa’s Auto Save feature automatically routes a portion of users’ monthly take-home income into the user’s chosen investment products, applying a “pay yourself first” approach that removes the friction of saving manually.
“We are on a mission to help young Malaysians achieve RM1 million in retirement savings by 65, by making it as easy as possible for them to start early and let compounding do the work,” said Teoh Wei Xiang, Chief Executive Officer of Versa.
“The real success story is that 30,000 of our users are now automating part of their salary for investment instead of relying on willpower alone — creating a buffer for their future selves from inflation and economic uncertainty.”
Versa's strategic partner, AHAM Asset Management Berhad (AHAM Capital), which manages the underlying funds across the Versa platform, said the partnership has resulted in more than RM1 billion in assets under management (AUM) on the Versa platform.
"It is a clear reflection of the trust Malaysians have placed in Versa in building their investment journey, and of our shared philosophy of putting our clients first," said Dato' Teng Chee Wai, Managing Director of AHAM Capital.
To commemorate the milestones and reward new and existing users, Versa has introduced promotional initiatives aimed at encouraging better financial habits among Malaysians.
Versa is offering special fixed return rates for users who deposit their funds for a 210-day period:
* 4.2%* p.a. Fixed Rate Quest: Fixed 4.2% on fresh funds deposited into Versa Save Conventional
* 3.9%* p.a. Fixed Rate Quest: Fixed 3.9% on fresh funds deposited into Versa Save Shariah Compliant
Additionally, new users can enjoy a limited-time promotional rate of 10% p.a. nett* on their first RM500 Auto Save amount in Versa Save for three months.
With zero sales fees and a minimum savings of just RM10, Versa continues its mission to democratise wealth management, proving that achieving financial resilience is entirely possible with the right digital tools. (*Terms and conditions apply. Please visit the website for the full terms and conditions.)
For the record, Versa is a homegrown fintech regulated by the Securities Commission Malaysia. Launched in 2021, it has surpassed 400,000 users and RM2.5 billion in transactions, offering investment tools via a single app in partnership with AHAM Asset Management Berhad. In August 2025, Versa made Forbes Asia’s fifth annual “100 to Watch” list, a ranking that highlights the most promising small companies and startups in the Asia-Pacific. (For more information visit https://versa.com.my/
