Versa Launches Money Booster Campaign: Rewarding Users for Financial Resilience through Automated Investments
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Starting May 1, 2024, Versa users can increase their returns by an extra +1% per annum in Versa Cash or Versa Cash-i, in addition to the base nett return rate. For instance, with March 2024’s base nett return rate at 3.77% per annum, users could potentially earn 4.77% per annum in their Versa Cash or Versa Cash-i accounts by fulfilling specific campaign criteria. Both Versa Cash and Versa Cash-i are managed by AHAM Capital, one of Malaysia’s top three fund houses, which recently strengthened its position through acquisition by CVC Capital Partners in 2022.
Introducing the Money Booster Campaign:
Versa introduces enticing rewards for Users who automate their investments in an effort to help build financially resilient Malaysians
Boost Your Savings with Versa Cash and Versa Cash-i
Versa, a rising homegrown digital wealth management app, is excited to announce the launch of their latest campaign, the Money Booster Campaign, designed to reward users for building better financial habits by automating their savings and investments.
Starting from 1 May 2024, users can enjoy an additional +1% p.a. nett returns in Versa Cash or Versa Cash-i on top of the monthly base nett return rate. Using March 2024’s base nett return rate as an example, users could enjoy 3.77% p.a. + 1% p.a. = 4.77% p.a. in their Versa Cash or Versa Cash-i when they fulfil one of the below campaign criteria. Both Versa Cash and Versa Cash-i are under the expert management of AHAM Capital, one of Malaysia’s top 3 fund houses, which recently gained strength through its acquisition by CVC Capital Partners, a prominent global private equity firm, in 2022.
This campaign aims to provide more value to our users’ savings journey by rewarding them to build better financial habits with this competitive +1% pa. booster rate. Users will be easily able to track their fund and savings performance all within the app itself and Versa offers no upfront charges, Upon completion of the campaign mechanics (detailed below), users will automatically enjoy access to the Money Booster.
“We are excited to introduce the Money Booster Campaign as part of our ongoing commitment to providing 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 and 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 and stress-free.”
Versa strives to simplify saving and investing by offering intuitive and beginner-friendly features like a minimalist app interface, auto debit, goal tracker, and educational resources, ensuring a hassle-free experience for users. All this while offering over 16 diverse funds in three verticals to suit the user’s risk level and initiation to the capital market scene.
Users can start enjoying an additional 1% p.a. return in their Versa Cash or Versa Cash-i through the Versa app available for download from the Apple App Store, Google Play Store & Huawei AppGallery. Versa is regulated by the Securities Commission (SC) Malaysia.
For more information about Versa’s Money Booster Campaign, please visit .
Mechanics of the Money Booster Campaign:
Set up an auto debit plan into any Versa Invest funds (except Versa Gold) to enjoy +1% p.a. returns every month.
- Set up an auto debit plan of a minimum of RM200 per month to enjoy +1% for the first RM10,000 available balance in Versa Cash or Versa Cash-i or
- Set up an auto debit plan of a minimum of RM500 per month to enjoy +1% for the first RM30,000 available balance in Versa Cash or Versa Cash-i.
Moreover, no further action is required from the users’ end as these rate adjustments will be automatically applied.
Sign Up Versa with Referral Code VMYPROMO and Get RM10 Reward
Versa is a new way of managing your money that is licensed by the Securities Commission Malaysia. The reviews and feedback have been convincing! Sign up today with our referral code and RM10.00 worth of Units!
About Versa:
Versa is a rising financial technology company dedicated to democratising investment access and empowering Malaysians to build better financial habits. Through innovative technology and a user-centric approach, Versa provides users with seamless access to a wide range of investment opportunities, enabling them to build diversified portfolios tailored to their needs and preferences. For more information, visit [https://versa.com.my/].
About AHAM Asset Management Berhad
AHAM Asset Management Berhad, also known as AHAM Capital, is an institutionally-owned asset and wealth management firm. Their clear purpose is to help clients build wealth and achieve financial goals through trust.
Serving corporations, institutions, high-net-worth individuals, and others, they deliver superior investment outcomes across various asset classes. The comprehensive wealth platform provides access to regional and global solutions, including Shariah-compliant options. Since its inception in 2001, AHAM Capital has experienced remarkable growth, with total assets under administration reaching approximately RM83.0 billion as of January 31, 2024. We are committed to innovation and sustainability, championing financial literacy and inclusion while pioneering digitalisation efforts for enhanced client experiences.
What is Versa?
Versa is a digital cash management platform, is here to transform your sleeping cash into money-earning potential through return rates similar to the interest of a Fixed Deposit. With Versa, you can ‘duit’ your way and enjoy the freedom to withdraw your savings at any moment without penalties.
- Start saving with just RM100
- Earn FD like returns
- No lock-in periods, withdraw anytime
- No sales charges, no deposit/withdrawal or other hidden fees. No complications. No lock-in period.
How to Sign Up?
Follow these simple 10 steps and use our referral code VMYPROMO to enjoy RM10 of Units. That’s an instant 10% return on your investment.
1. Tap on this link: https://mypromo.my/versa
2. Download App and Tap to Open
3. Tap on Create Account
4. Key in your preferred Display Name and email address
5.Key in Our Exclusive Promo or Referral Code: VMYPROMO
- Important Step for RM10 Reward!
6. Tap Create Account; key in OTP (sent via email) and Verify OTP
7. Set your Password
8. Next steps are all about Verification
> Verify your mobile number
> Verify your identity via Identity Card photos and a Selfie
> Submit additional details
9. Ok, all set and done. Now it’s time to deposit money to your account. Start with minimum RM100 to enjoy RM10 reward.
10. Done. Versa will verify your account and will take up to 5 business day for amount to be reflected in your balance.
Note: All investments involve some degree of risk!
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Pros
- Unlike FD, You can get started with Versa with a deposit as low as RM100.
- Versa is great if you want to park your money for short or long term. You do not need to commit to putting your money for certain period of time. You may withdraw your money anytime.
- It gives very competitive interest rate of up to 2.0% p.a. or higher depending on the performance of Affin Hwang Enhanced Deposit Fund.
Cons
- It takes Up to 3 business days for the deposit to be reflected in your account
- And it takes 2 business days to reach your bank account if you withdraw
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