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Deposit Power, part of the Credeq Group, has today announced the acquisition of Deposit Assure, bringing together two established providers in the Australian deposit bond market and positioning Deposit Power as the largest deposit bond provider in the country.
The acquisition represents a significant milestone for the category and reflects a shared focus on secure underwriting, dependable outcomes and continuity of service for brokers, conveyancers and property professionals.
Deposit Power has been issuing deposit bonds in Australia for over 30 years and is widely accepted by brokers, real estate agents, solicitors, conveyancers and vendors. The acquisition of Deposit Assure will add scale and expertise while supporting continued investment in systems and processes designed to make the issuance of deposit bonds faster, simpler and more reliable.
Ryan Dinsdale, Chief Executive Officer of Deposit Power, said the acquisition was a strategic step forward for the business and the broader market.
“Bringing Deposit Power and Deposit Assure together strengthens our ability to support brokers and their clients with certainty at exchange and confidence through to settlement,” Dinsdale said.
“And it comes at a critical time – in such a tight property market, Australians need a dependable alternative to cash. They need us. And as a larger, stronger player we can invest in making more people aware that there is a more flexible alternative to cash deposits. We can relieve some of that pressure in the market.”
Deposit Assure has operated in Australia for over 11 years and has played a key role in growing the deposit bond market nationally. The business has led innovation in digital deposit bonds and is known for its concierge-led service model, underpinned by strong relationships across brokers, conveyancers and real estate professionals
Etienne Rizzo, Chief Executive Officer of Deposit Assure, said the transaction was a positive outcome for customers, partners and employees.
“This is the right move for our long-term partners and our team. It strengthens our foundation by aligning with HDI Global, a highly rated global insurer, and introduces a policy framework that better reflects the demands of today’s market.”
“By joining with Deposit Power, we’re aligning with a well-established brand that shares our focus on growth through innovation and making the process simpler for our partners. This ensures continuity, while positioning the business to deliver even stronger outcomes without compromising the service standards and relationships Deposit Assure is known for.”
Both businesses will work closely together during a defined transition period to ensure continuity for brokers and partners. Deposit Assure customers will continue to be supported throughout the transition, with existing processes and relationships maintained.
Deposit bonds are designed to provide property buyers with certainty at exchange while allowing time to organise cash for settlement. The combined business will continue to focus on clear processes, disciplined underwriting and reliable outcomes.
The transaction is expected to be completed following customary conditions, with both brands coexisting during the transition period.
About Deposit Power
Deposit Power is Australia’s largest deposit bonds provider and is widely accepted by brokers, real estate agents, solicitors, conveyancers and vendors.
A deposit bond acts as a 10% deposit guarantee, so you can buy now and pay at settlement, securing your property without tying up your savings.
About Credeq Group
Credeq is a leading global credit insurance agency, headquartered in London, driven by the ambition to unlock the credit the world needs.
Backed by profitable long-term capacity partnerships, and an AI-driven risk platform, Credeq delivers superior underwriting precision and responsiveness to a diverse range of specialist credit insurance solutions.
Credeq combines global reach with deep local expertise to support our clients with agile, robust credit solutions. And is actively expanding in key markets, including the UK, South Africa, Australia, Europe and North America.
