With the mining boom over, it’s up to SMEs and start-ups to secure Australia’s prosperity, Tyro CEO Jost Stollmann told Switzer TV on Sky News recently.
Stollmann (pictured) discussed how Tyro is challenging the big banks’ oligopoly, how its raising of $100 million in capital was “proof of faith” in Australian business, and who the key players were for the country’s future success.
“The mining boom is over. It will be small and medium size businesses, start-ups and fast-growth companies who will be needed to secure prosperity in the digital century,” he told Marty Switzer.
“But where are the banks who can provide what they need to allow them to compete and grow? There is a $60 billion unmet demand (in lending).”