KUALA LUMPUR, March 19 -- Malaysian wealth management company Versa, which offers an alternative savings platform, has raised RM30 million from investors to expand its reach among younger Malaysians.

In a statement today, the company said it currently has approximately 300,000 registered Malaysian users, with 90 per cent of them aged below 40.

"This funding is a testament to the confidence our investors have in our vision," said Versa chairman Datuk Noorazman Aziz.

"We are committed to driving financial inclusivity and providing Malaysians with innovative, transparent, and rewarding investment solutions," he added.

Versa's latest funds were raised through a Series A investment round-an early-stage funding round designed to help startu...