Assurant partners with Deposify

Assurant is announcing a new partnership with  Deposify , a European fintech company that developed a solution for managing refundable cash security deposits.

As part of the partnership, Assurant’s property management clients in the Northeast (the service will be rolled out nationally in the coming months) will gain access to Deposify’s cash security deposit management platform, which simplifies the financial and operational process and mitigates the risks associated with traditional cash security deposits along with keeping property managers compliant with each state’s security deposit laws and regulations.

“Managing traditional cash security deposits is an incredibly inefficient process that places considerable burdens on landlords, property managers, brokers and tenants. Our partnership with Deposify will help drive time and cost savings for property managers by using Deposify’s innovative technology solution. We now can provide property management companies with a comprehensive solution to help reduce the administrative hassle of managing traditional deposits, along with deposit alternatives that give prospective tenants options at move in. This offering enables us to meet the different needs of multifamily property managers and owners.” – Steve Hein, SVP of Multifamily Housing at Assurant.

“As one of the nation’s leading multifamily housing risk management providers, Assurant is the ideal partner for Deposify as we continue our expansion in the U.S. market. Assurant brings deep real estate experience and market knowledge to our partnership, as well as distribution on a national scale. Assurant’s security deposit alternative products complement our cash security deposit solution. Owners may prefer a cash security deposit; while residents may prefer an alternative to cash. Owners, property managers and residents can now access, for the first time, cash and alternative security deposit products in one place by Deposify and Assurant working together.” – Deposify’s founder and CEO Jon Bayle.