Wealth management app Versa offers +1% returns in Money Booster campaign
Versa is a rising homegrown digital wealth management app that offers Malaysians 16 funds through Versa Save, Versa Invest and Versa Retirement.
PETALING JAYA: Malaysian digital wealth management app Versa is offering users an additional 1% return on their Versa Cash and Versa Cash-i accounts as part of its “Money Booster” campaign.
The additional nett return is on top of the base monthly nett return rate, the fintech company said in a statement today.
“Using March 2024’s base nett return rate as an example, users can enjoy 3.77% p.a. + 1% p.a. = 4.77% p.a. in their Versa Cash or Versa Cash-i,” said Versa.
To be eligible for the promotional return, users must set up an auto debit plan of a minimum of RM200 per month for any Versa Invest fund, except for Versa Gold. They can enjoy +1% for the first RM10,000 of available balance in Versa Cash or Versa Cash-i.
Alternatively, they can set up an auto debit plan of a minimum of RM500 per month into any Versa Invest fund, except for Versa Gold, to enjoy +1% for the first RM30,000 of available balance in Versa Cash or Versa Cash-i.
“We are excited to introduce the Money Booster campaign as part of our ongoing commitment to provide innovative and rewarding solutions to our users,” said Teoh Wei-Xiang, CEO and co-founder of Versa.
“We recognise that many Malaysians face the emotional weight of financial challenges. Versa aims to alleviate some of that anxiety and burden with our auto debit feature.
“The beauty of our auto debit is that it automates our users’ monthly savings and investments.
“We’re not just about transactions performed via a screen. Versa’s goal is to foster financial peace of mind and confidence in Malaysians to manage their finances effortlessly, stress-free,” he said.
Versa is a rising homegrown digital wealth management app that offers Malaysians 16 funds across three vertical markets through Versa Save, Versa Invest and Versa Retirement.
These offer both shariah-compliant and conventional funds managed by AHAM Asset Management Bhd.
The app aims to simplify saving and investing. It offers intuitive, beginner-friendly features, like a minimalist app interface, auto-debit, goal tracker and educational resources.
Versa is also offering readers of Free Malaysia Today a special sign-up promo.
Users can use the code VFMT to receive a RM10 bonus upon creation of an account and cash-in of a minimum of RM100 in any funds in the app.