Tyro Payments (OTCMKTS:TYPMF) is an Australian financial technology company that provides integrated payment and banking solutions to small and medium-sized enterprises. Leveraging a regulatory banking license, Tyro delivers a range of merchant services centered on its proprietary electronic funds transfer at point of sale (EFTPOS) terminals, enabling businesses to process card payments seamlessly. The company’s core offering includes countertop and portable EFTPOS devices tailored to the needs of retail, hospitality and healthcare sectors across Australia.
In addition to its payment terminals, Tyro offers a cloud-based payments gateway that integrates with popular accounting, point-of-sale and practice management software. This connectivity allows merchants to automate reconciliation, manage customer insights and streamline workflows. Tyro’s open application programming interfaces (APIs) support custom integrations, while built-in analytics tools furnish real-time transaction data and performance metrics, helping business owners make informed decisions.
Beyond payments processing, Tyro provides business banking services such as transaction accounts, savings solutions and merchant cash advances. Through its lending platform, qualifying customers can access short-term working capital facilities that are repaid via a percentage of daily card turnover. These financing options aim to support cash flow management and growth initiatives without the complexity of traditional bank loans.
Founded in 2003 and headquartered in Sydney, Tyro Payments launched an initial public offering on the Australian Securities Exchange in 2019. Under the leadership of Chief Executive Officer Robbie Cooke, the company has focused on innovation in payments technology, expanding its footprint to serve thousands of businesses across metropolitan and regional Australia. Tyro’s board comprises seasoned executives from banking and technology sectors, guiding its strategy in a dynamic fintech landscape.
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