28 April 2017

Tyro’s Andrew Rothwell departs for new opportunity in technology start-up

Australia’s leading independent payments provider, Tyro Payments, today announced that its co-founder and Head of Sales Andrew Rothwell would leave the organisation on 19 May to pursue a new opportunity in a start-up technology business.

A new Director of Sales has been identified and an announcement is expected in coming weeks.

Tyro CEO Gerd Schenkel thanked Mr Rothwell for his outstanding service over the last 14- years and for the significant contribution he had made to the business.

“Andrew’s passion for start-up businesses is infectious and he can be proud of the long-term shareholder value he has helped generate since co-founding Tyro in 2003, and we wish him every success for the future,” Mr Schenkel said.

Mr Rothwell said he was sad to leave Tyro after so many years, but felt the organisation was in good hands.

“When I co-founded Tyro Payments in 2003, I was determined to make a difference. We started with three people and today Tyro employs close to 400 people,” he said.

“My passion has always been in the start-up industry and Tyro has now successfully grown beyond that stage. I leave it in the capable hands of a strong management team.

“I am proud of what I have helped achieve in providing Australia’s SME community with a genuine alternative to the large banks.”

In October last year, former Telstra Digital Executive Director and UBank founder Gerd Schenkel was appointed Chief Executive Officer, with long-time CEO Jost Stollmann remaining with the company in a newly created Executive Director role.

In January, former PayPal executive Kareem Al-Bassam was appointed Tyro’s new Head of Product. Mr Al-Bassam has more than 15 years of experience in the global payments industry.

He founded PayPal Credit in Australia, with the launch of SMB Lending product, PayPal Working Capital. In its first two years of operation, PayPal Working Capital originated more than $100 million in loans in Australia.

Likewise, Tyro’s new Head of Marketing Natalie Dinsdale was also appointed in January, significantly strengthening Tyro’s management team.

Ms Dinsdale has more than 17 years’ experience as an entrepreneur and marketer across a range of Australian and UK financial services challenger organisations, including Egg (UK’s 1st Online Bank), Virgin Money, UBank and Bankwest.

“It is exciting to be part of an organisation dedicated solely to giving SMEs a better deal,” Mr Schenkel said.

Need to know more?

For more about this news story please contact:
Monica Appleby, Head of Corporate Communications on 0466 598 946 or mappleby@tyro.com
Sophie Cotterill, Corporate Communications Manager on 0414 960 292 or scotterill@tyro.com