Assuro partners with Beyond Bank Australia to offer a high-value bank guarantee product on the Assuro platform.
Assuro, Australia’s leading fintech platform for the distribution, origination and management of bank guarantees, has announced a strategic partnership with Beyond Bank Australia (Beyond Bank). Under this commercial agreement, Assuro will offer Beyond Bank’s high value bank guarantee product on its platform, further expanding its suite of offerings for businesses.
This collaboration represents a significant step for Assuro in its mission to simplify bank guarantees. Beyond Bank’s cash-secured bank guarantee product will complement the suite of products currently available through the platform.
Leon Weston, Assuro founder and CEO, shared his thoughts on the partnership:
"We’re proud to partner with Beyond Bank Australia, following a period of close collaboration to bring this competitive product to our platform. This partnership marks a significant milestone for Assuro as we continue to expand our offerings and provide businesses with tailored financial solutions that deliver exceptional value. It reflects our shared vision of customer-first solutions and underscores our commitment to innovation, empowering businesses with smarter, more efficient tools to help them succeed."
This new product offers significant value to customers, combining Beyond Bank’s exceptional return potential on security deposits with Assuro’s hallmark simplicity and efficiency. Businesses can now select from a growing suite of bank guarantees tailored to meet diverse needs, whether prioritising reducing costs or maximising deposit returns.
Wendy den Hartog, Interim Chief Operating Officer Beyond Bank, said, “As one of Australia’s largest customer-owned banks, Beyond Bank is committed to continually improving the value we offer to consumers and businesses. We are thrilled to have partnered with Assuro to bring our competitive Bank Guarantee offering to even more businesses through their market-leading platform.”
With the addition of Beyond Bank’s product, Assuro continues to transform the landscape of bank guarantees, providing businesses with a single easy-to-use platform for selecting, applying for and managing these essential financial instruments.
The Beyond Bank high value bank guarantee product will be available on the Assuro platform from 23rd January 2025. Customers can expect the same exceptional user experience Assuro is known for, with a simple online application process and support from start to finish.
About Assuro:
Assuro is a multi-award-winning Australian fintech company that owns and operates a digital platform specialising in the distribution, origination and management of bank guarantees. Assuro is dedicated to helping businesses thrive by providing a suite of products that simplify bank guarantees and save their clients time and money.
About Beyond Bank Australia
Beyond Bank is one of Australia’s largest customer-owned banks with branches and offices in New South Wales, South Australia, Western Australia, ACT and Victoria. We partner with more than 5000 community organisations around the nation to create and return value for our customers and communities and, through this, change lives. Beyond Bank is a B Corp, a business that is certified as meeting high standards of social and environmental impact, ensuring their practices and outputs benefit all people, communities and our planet.
Media Contact:
Leon Weston, Chief Executive Officer, Assuro, leon@assuro.com.au
Shane Farley, Head of Community, Sustainability & Corporate Affairs, sfarley@beyondbank.com.au
