About Tyro
Powering the future of business
About us
We’re powering the future of business with innovative payments and banking solutions. But it’s more than that. We know what it takes to grow a business in Australia, which is why we combine the best people, technology, and partners to develop products that simplify payments and commerce. So our customers can get back to what they do best, running their business.
Our achievements are only the start
From our fast EFTPOS solutions to streamlined business lending and banking products, we’re helping thousands of Australian businesses to grow and thrive.
Australia’s largest EFTPOS provider of all ADIs outside the big four*
A team of more than 600 dedicated staff nationally
More than $34.2 billion in transaction value processed in FY22
66,000 customers and growing
Delivered 10 industry firsts
26% transaction volume Compound Annual Growth Rate (FY17-FY22)
Our company values
Wow the customer
We love our customers and we want them to love us too.
Be good
We’re open and transparent, and we do the right thing – even when nobody’s watching or it’s really hard.
Commit to greatness
We think big, move fast and dare to be different – always asking “what’s next?”
Stay hungry
We ooze passion and determination and we play as a team to win.
Win together
We are a united team. With growth mindsets and without ego, we embrace diversity to collaborate, innovate, and accelerate.
Our Journey
2003
Entrepreneurs Paul Wood, Peter Haig and Andrew Rothwell founded Tyro in response to the RBA’s call for greater competition.
2005
17 staff. First technology company to obtain an acquirer bank licence.
2007
34 staff, $6M in transactions. First to launch a cloud-based EFTPOS solution.
2009
41 staff, $511M in transactions. First to launch integrated EFTPOS Medicare rebates.
2010
51 staff, $1.3B in transactions. First to launch non-stop acquiring services.
2011
54 staff, $2B in transactions. First to be certified and compliant with new payments regulations to ensure security of payments applications.
2012
68 staff, $3B in transactions.
2013
93 staff, $4.1B in transactions. First to launch integrated mobile EFTPOS solutions.
2014
127 staff, $5.2B in transactions. Launched an integrated Private Health Fund claiming solution.
2015
221 staff, $6.8B in transactions. Developed a cloud-based and mobile core banking platform.
2016
297 staff, $8.6B in transactions. $100M in funds raised.
Launch of our first banking product: Tyro Bank Account. First technology company to obtain a full Australian banking licence and operate as an Authorised deposit-taking institution (ADI).
2017
371 staff, $10.6B in transactions. First Australian bank to allow business account owners to use Siri to conveniently pay bills.
First Australian bank to launch Xero Payroll integration allowing businesses to enter transactions in Xero and perform single-touch authorisations in the Tyro App.
2018
384 staff, $13.4B in transactions. First Australian bank to launch our version of least-cost routing, Tap & Save, saving Tyro merchants over $1.5 million on fees in the first eight months.
2019
453 staff, $17.5B in transactions. First Australian bank to deliver integrated Alipay solution.
Launch of Tyro Business Term Deposits.
2020
476 staff, $20.1B in transactions. Largest successful IPO by market capitalisation on the ASX in 2019. Investment made in me&u, an app-based ordering, and payment solution for the hospitality vertical.
[Information is based on Tyro’s financial year commencing 1 July and ending 30 June.]
2021
540 staff, $25.5B in transactions. Partnering with Bendigo Bank to become their exclusive merchant acquiring partner. Acquisition of Medipass Solutions, a Melbourne-based digital health payments business. Launch of Tyro Connect – an integration hub that enables hospitality businesses to easily connect food ordering, booking, and other key apps to their POS system.
2022
$34.2B in transactions. Launch of our new Tyro Go EFTPOS reader and the Tyro Health business unit.
Launch of Flexible Settlements via the Tyro Bank Account.
Challenging the status quo, one achievement at a time
 WinnerHigh Authorisation Approval Rate (Acquirer), Global Award Category, Visa 2020 Global Service Quality Awards (GSQA). |
 FinalistAlipay ANZ Innovation Awards, 2020. |
WinnerHighest Authorisation Approval Rate (Acquirer), Global Award Category, Visa 2019 Global Service Quality Awards (GSQA). |
 WinnerSydney Design Awards, 2019. |
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 FinalistBest Banking Innovation, finder Awards 2019. |
 WinnerBest Payment Services Bank, Australian Business Banking Awards 2018. |
WinnerHighest Authorisation Approval Rate (Acquirer) and Lowest Gross Fraud (Acquirer), Global Award Category, Visa 2018 Global Service Quality Awards (GSQA). |
 FinalistBest Banking Innovation, finder Awards 2018. |
 FinalistBest Payment Services, Australian Business Banking Awards 2017. |
 WinnerFinTech Innovation in Lending, FinTech Awards 2017. |
 GoldFinTech and The Future of Work, Tech Design Awards, DRIVENxDESIGN 2017. |
 Established InnovatorFinTech 100, KPMG and H2 Ventures, 2016. |
 Fast 50 AustraliaDeloitte Technology 2012, 2013, 2014. |
 Fast 500 Asia PacificDeloitte Technology, 2012, 2013, 2014, 2015. |
 FinalistTelstra Business Awards 2013, 2014. |
 BRW Fast 100Award 2010, 2011, 2012, 2013. |
Learn more about Tyro
Our partners
With over 330 POS/PMS partners and more than 66,000 business customers, we help our partners build their own success when they integrate with Tyro.
Our leadership team
The Leadership team is passionate about our customers, partners and employees alike, as well as high growth and industry disruption.
News and announcements
Find out the ways Tyro is powering Australian businesses with all our latest news and announcements.
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