About Us - Versa

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Our Story

One unfortunate evening, our founder Xiang’s beloved dog had to undergo an emergency surgery. Xiang had no choice but to break his fixed deposit.

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Our Story

After losing all his FD interest, Xiang was determined to find an alternative savings solution that offers both liquidity and returns.

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Our Story

Xiang enlisted the help of his long time friends, Nelson and Richmond, and they created versa together.

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Our Story

Versa soon partners with reputable fund manager, Affin Hwang Asset Management to realise Xiang’s vision.

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Our Story

With Versa, Malaysians can start saving from as low as RM1 while enjoying Fixed Deposit-like returns and no lock-in period.

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Our Story

Today Versa is regulated by the Securities Commission of Malaysia, hence Malaysians will never have to go through what Xiang experienced again.

Our Vision

Help our members get their money right from the start

Our Mission

Empower our members to accomplish goals they set and achieve financial independence

Meet Our Founders

Teoh Wei Xiang

Founder & CEO

Xiang has 10+ years of experience in entrepreneurship and previously co-founded a leading digital marketing firm C27 with major corporate clients. He also co-founded TH Capital which invested into a portfolio of high potential startups.

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Richmond Yau

Co-founder & COO

As the Chief Operating Officer, Richmond leads the strategic planning and implementation of all operational activities. Richmond was a Senior Manager in EY’s Consulting Practice, where he has led large scale, strategic and operational transformation projects for over 8 years.

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Nelson Wong

Co-founder & CTO

As the CTO, Nelson leads all technological advancement of Versa’s digital capabilities to offer the best platform possible for all users. He has over 10 years of experience in the software development across banking, investments and remittance industries.

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Board of Directors

Dato’ Noorazman Abd Aziz

Chairman of Versa

Dato’ Noorazman has over 38 years of experience in banking and the financial markets. He has held several key positions in banking and investment company in the past decades. He is currently on the Board of Hong Leong Financial Group Berhad, UEM Edgenta Berhad and PLUS Malaysia Berhad. He is also a Member of the Investment Panel of Kumpulan Wang Amanah Pekerja (KWAP).

Notable Positions

CEO of BIMB Holdings Berhad
CEO of Bank Islam Malaysia Berhad
COO of Kuala Lumpur Stock Exchange Berhad
Managing Director of Citibank
Executive Director in Khazanah National Berhad

Achievements

Receiver of the first Asian Banker Achievement Award for Islamic Finance in 2005.

Chan Chee Beng

Non-Independent Non-Executive Director

Mr Chan, was appointed to the Board as a Non-Executive Director on 5 June 2008 and subsequently to the Board of Mobitel (Private) Limited, SLT Property Management (Private) Limited, and SLT Campus (Private) Limited. He also serves as the Chairman of the Audit Committee and is a member of the Remuneration & Nomination Committee.