Tyro recognised for excellence in business lending

Tyro Payments has taken home the award for Excellence in Business Lending at the 2024 Finnie Awards, presented by FinTech Australia.

This award recognises Tyro’s innovative approach towards its business lending product, built specifically for Australian merchants to repay loans seamlessly through their daily takings, supporting businesses at every stage of their growth journey and simplifying loan management in fast-paced industries such as hospitality.

Through the Tyro app or web portal, customers can apply and receive funds in under a minute, revolutionising the traditional loan process. Tyro remains committed to empowering Australian businesses with flexible and efficient financial solutions.

Tyro’s Head of Banking, Samantha McEncroe said the Excellence in Business Lending Award acknowledges Tyro’s efforts to help small and medium businesses manage their cashflow with ease. “We are extremely proud to be recognised for this innovative banking product, she said.

“Having provided payments solutions for Australian merchants for more than 20 years, we know that cashflow is the lifeblood for small businesses in dynamic industries such as hospitality, retail and on-the-go services.

“The seamless repayment process of our business loan, means that merchants can more efficiently manage their cashflow operations, without the need for a lumpy monthly repayment and the need to manually manage direct debits,” Ms McEncroe said.

Winners of the 2024 Finnies Awards were selected by an industry judging panel from 322 entries across 19 categories. Tyro was also a finalist in the Excellence in Payments category.

To find out more about Tyro’s Business loan, visit www.tyro.com/products/business-loans/