Tyro Payments: An Australian Financial "Fintech" Institution

AUStock_Pedia
2022-11-27

Hey, this is AUStocks_Pedia.

I would like to introduce some unfamiliar companies that may be of some help to your investments.

The company I'm going to introduce is $Tyro Payments(TYR.AU)$.

It went public on 6 December 2019.

[Company Profile]

Tyro Payments Limited provides payment solutions to merchants in Australia. The company operates through Payments and Banking segments.

It offers electronic funds transfer at point of sale (EFTPOS) solutions, business loans, and banking solutions. The company also acquires credit, debit, and EFTPOS cards and provides complementary banking solutions.

Further, the company offers Tyro Go,Tyro Connect and Medipass. It primarily serves health, hospitality, services, corporate, accommodation, and retail industries.

The company was incorporated in 2003 and is based in Sydney, Australia.

[History & Events]

2003: Tyro was founded by Peter Haig, Andrew Rothwell and Paul Wood as MoneySwitch Ltd.

2015: Tyro was granted a "banking licence", becoming an "Authorised Deposit taking Institution (ADI)". It was the first Australian technology company to be granted this licence by the Australian Prudential Regulatory Authority.

2016: Tyro was named "43rd most innovative fintech in the world" by the KPMG H2 Fintech100 survey.

2017: Tyro became the first bank to implement payments via Siri. At the same time, Tyro announced a partnership with Afterpay.

2019: Tyro Payments Limited commenced trading of its shares on the Australian Securities Exchange (ASX) following a successful initial public offering.

2021: Tyro Payments Limited acquired 20% stake in Axis IP Pty Ltd. for AUD 1.9 million on December 2.

2021: Tyro Payments acquired Medipass Solutions. Medipass to create Australia’s leading healthcare payments platform.

2022: Tyro announced Jonathan (Jon) Davey was appointed as the new CEO with official commencement on October 3.

[Business Section]

Source: TigerTrade

[Net Income &Total Revenue]

Source: TigerTrade

Source: TigerTrade

[Competitors]

$Capitec Bank Holdings Ltd(CKHGY)$

Bankhawk

ZeroPay

Telpay

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