- CEO
- Nigel Lee
- Full Time Employees
- 577
- Sector
- Commercial services
- Industry
- Miscellaneous commercial services
- Address
- 55 Market Street Sydney NSW Australia 2000
- IPO Date
- Dec 6, 2019
- Business
- Tyro Payments Limited (ASX:TYR), founded in 2003 and headquartered in Sydney, Australia, operates as a technology-driven financial services provider specializing in integrated payment solutions and complementary banking products for small and medium-sized enterprises across Australia. The company functions through Payments and Banking segments, offering electronic funds transfer at point of sale (EFTPOS) acquiring for credit, debit, and EFTPOS cards; countertop and mobile terminals including Tyro Pro, Tyro Go, and Tyro Pro Key; online payments via APIs, payment links, and eCommerce integrations; Tyro Connect as an integration hub for over 450 point-of-sale and practice management systems; Medipass and Tyro Health platforms for Medicare, private health fund, and digital wallet claiming in healthcare; merchant cash advances, business loans, term deposits, and fee-free transaction accounts with features like Visa Debit cards, PayID, PayTo, Osko, and scheduled payments; as well as industry-tailored solutions for hospitality (split bills, tips, bar tabs), retail, services (tradies, beauty, vets), health, accommodation, corporate, aged care, pet insurance, unattended payments, and automotive sectors, serving over 76,000 merchants with 99.99% uptime, no lock-in contracts, and local 24/7 support. Geographically focused on Australia, Tyro holds a full banking licence as an authorised deposit-taking institution and integrates with partners like Xero, Apple, and Alipay. Recent developments include the launch of embedded payments software development kit for POS providers, Tyro Pro Key terminal, online payment links, and expansions into aged care, pet insurance, unattended, and automotive verticals in 2025; a new CEO appointment to drive strategic growth; positive FY25 interim results with 21% earnings growth, banking account user increases of 34%, and reaffirmed guidance; withdrawal from a proposed NZ$1 per share acquisition of Smartpay Holdings in May 2025 following a rival higher bid; and confirmation in August 2025 of non-binding takeover interest from multiple parties including banks, Stripe, and Shift4, amid ongoing market speculation.