[Perth, Western Australia] - Assuro is the 2022 winner of the Rio Tinto Growth Innovation Category at the WA Innovator of the Year (WAIOTY) Awards for bank guarantees and bonds made easy. The Growth Innovation Category recognises innovators in WA who have developed an outstanding innovative product, technology, process or service that is post-revenue.
Assuro is transforming the way Australians obtain bank guarantees. For the first time, businesses can apply for a bank guarantee from a source that is neither a bank nor owned by one. In doing so, Assuro has broken the strangle-hold banks have on financial guarantees and reimagined the quality of service and ease of obtaining these products.
“It is a privilege to be recognised by the Western Australian Innovator of the Year Awards in the Growth Innovation Category,” said Leon Weston, CEO of Assuro.
“The WA Government’s commitment to raising the state’s innovation profile is evident here tonight. This award is a testament to the team’s hard work and dedication and will support us as we continue to grow and deliver innovative technology right here in WA.”
The digital platform – which was also named WA Startup of the Year at the INCITE Awards and winner of Curtinnovation’s Business & Law Category – works alongside banks to deliver bank guarantees quickly. Assuro allows companies to apply for and manage their bank guarantees, bonds and other financial guarantees, easily while keeping costs low.
The WAOTY Awards is an annual event that has showcased the state’s most innovative and entrepreneurial organisations since 2006. The Government-run initiative recognises and supports new and emerging businesses in WA whose innovation can benefit the economy, community or environment.
Assuro's win in the Growth Innovation category at the 2022 WAIOTY Awards demonstrates the company’s significant growth potential and proof of its dedication to delivering outstanding customer-focused solutions. As Assuro continues to expand its client base and offering, the fintech startup is positioned to transform Australia’s bank guarantee industry.
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