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	<title>2019 | Tyro</title>
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	<title>2019 | Tyro</title>
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		<title>Tyro to launch term deposit pilot</title>
		<link>https://www.tyro.com/about-tyro/media/tyro-to-launch-term-deposit-pilot/</link>
		
		<dc:creator><![CDATA[Al Walsh]]></dc:creator>
		<pubDate>Tue, 10 Dec 2019 04:33:58 +0000</pubDate>
				<guid isPermaLink="false">https://www.tyro.com/?post_type=press-releases&#038;p=10179</guid>

					<description><![CDATA[<p>The post <a href="https://www.tyro.com/about-tyro/media/tyro-to-launch-term-deposit-pilot/">Tyro to launch term deposit pilot</a> appeared first on <a href="https://www.tyro.com">Tyro</a>.</p>
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<p class="wp-block-cgb-text gutenberg-examples-align-none"><strong>Pilot launches today<br/></strong><br/><strong>(Sydney, 10 December, 2019)</strong> Australia’s fast-growing business bank, Tyro, has announced it is launching a pilot today for the latest addition to its banking product suite with a term deposit product for Australian businesses.<br/><br/>Tyro, which is Australia’s fifth largest merchant acquiring bank by number of terminals in the market, was granted a banking licence in 2015 and has since broadened its product offering beyond payments to include banking and lending products for its customers.<br/><br/>CEO and Managing Director, Robbie Cooke, said Tyro’s first foray into the term deposit market would provide businesses with an opportunity to lock away their savings at competitive rates. <br/><br/><em>“With the addition of a term deposit product, Tyro EFTPOS and eCommerce customers can transact and automate payments via the Tyro Bank Account’s Xero integration; borrow up to $120,000 via the Tyro Business Loan; and now lock away funds for a set period,”</em> Mr Cooke said.<br/><br/><em>“All of that can be done via the Tyro App, which also allows customers to view their in-store EFTPOS and eCommerce transactions in near real-time. They can essentially manage all of their payments and banking from the palm of their hand.”</em><br/><br/>During the pilot, existing customers with a Tyro Bank Account can take up term deposits at attractive rates with balances as low as $1,000 for 30, 60 or 90 day terms.</p>
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<h2 class="wp-block-heading"><strong>Need to know more?</strong></h2>



<p class="wp-block-cgb-text gutenberg-examples-align-none">For more about this news story please contact:<br/>Monica Appleby, Head of Corporate Communications on 0466 598 946 or <a rel="noreferrer noopener" href="mailto:mappleby@tyro.com?subject=Media enquiry" target="_blank" data-type="mailto">mappleby@tyro.com</a><br/>Sophie Cotterill, Corporate Communications Manager on 0414 960 292 or <a rel="noreferrer noopener" href="mailto:scotterill@tyro.com?subject=Media enquiry" target="_blank">scotterill@tyro.com </a></p>



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<h3 class="wp-block-heading">About Tyro </h3>



<p class="wp-block-cgb-text gutenberg-examples-align-none">Tyro is a technology-focused and values-driven company providing Australian businesses with payment solutions and value-adding business banking products. The company provides simple, flexible and reliable payment solutions as a merchant acquirer, along with complementary business banking products.<br/><br/>For the more than 29,000 Australian merchants who chose to partner with Tyro in FY19, the company processed more than $17.5 billion in transaction value. In FY19 the company generated $189.8 million in revenue, originated $52.2 million in loans and held merchant deposits totaling $26.9 million.<br/><br/>Tyro is Australia’s fifth largest merchant acquiring bank by number of terminals in the market, behind the four major banks.<br/><br/>The business was founded in 2003 with a goal of being the most efficient acquirer of electronic payments in Australia. Tyro has a track record of innovation, creating purpose-built solutions and being first to market. This approach saw the company become the first technology company to receive an Australian specialist credit card institution licence in 2005. In 2015 that licence was replaced by the award of an Australian banking licence, making Tyro the first new domestic banking licensee in over a decade.<br/><br/>Payments are at the core of Tyro’s business, using its proprietary core technology platform to enable credit and debit card acquiring. This offering is enhanced by features purpose-designed for those merchants who choose to partner with the company, including Point of Sale systems integrations, least-cost routing (Tap &amp; Save) and alternative payment types such as integrated Alipay. While traditionally focused on in-store payments, Tyro has recently expanded into eCommerce.<br/><br/>Further, Tyro provides value-adding solutions to its partners, such as loans in the form of merchant cash advances and fee-free, interest-bearing merchant transaction accounts.<br/><br/>Tyro are a team of more than 450 people, approximately half of whom are in technology roles.</p>
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<p>The post <a href="https://www.tyro.com/about-tyro/media/tyro-to-launch-term-deposit-pilot/">Tyro to launch term deposit pilot</a> appeared first on <a href="https://www.tyro.com">Tyro</a>.</p>
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		<title>Tyro lists on ASX after successful IPO</title>
		<link>https://www.tyro.com/about-tyro/media/tyro-lists-on-asx-after-successful-ipo/</link>
		
		<dc:creator><![CDATA[]]></dc:creator>
		<pubDate>Thu, 05 Dec 2019 23:01:21 +0000</pubDate>
				<guid isPermaLink="false">https://www.tyro.com/?post_type=press-releases&#038;p=10012</guid>

					<description><![CDATA[<p>The post <a href="https://www.tyro.com/about-tyro/media/tyro-lists-on-asx-after-successful-ipo/">Tyro lists on ASX after successful IPO</a> appeared first on <a href="https://www.tyro.com">Tyro</a>.</p>
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<p class="wp-block-cgb-text gutenberg-examples-align-none"><strong>Sydney, 6 December 2019</strong> &#8211; Tyro Payments Limited (Tyro or the Company) commences trading of its shares on the Australian Securities Exchange (ASX) today following a successful initial public offering (IPO or Offer). The IPO raised total proceeds of $287.2 million at a price of $2.75 per share, representing the top end of the prospectus range of $2.50 to $2.75 per share.</p>



<p class="wp-block-cgb-text gutenberg-examples-align-none"><a href="https://www.tyro.com/wp-content/uploads/2019/12/Tyro-lists-on-ASX-after-successful-IPO-20191106.pdf" target="_blank" rel="noreferrer noopener" aria-label=" (opens in a new tab)">Click here</a> to view full media release.</p>
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<p>The post <a href="https://www.tyro.com/about-tyro/media/tyro-lists-on-asx-after-successful-ipo/">Tyro lists on ASX after successful IPO</a> appeared first on <a href="https://www.tyro.com">Tyro</a>.</p>
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		<title>Tyro lodges IPO Prospectus</title>
		<link>https://www.tyro.com/about-tyro/media/tyro-lodges-ipo-prospectus/</link>
		
		<dc:creator><![CDATA[Al Walsh]]></dc:creator>
		<pubDate>Mon, 18 Nov 2019 04:03:16 +0000</pubDate>
				<guid isPermaLink="false">https://www.tyro.com/?post_type=press-releases&#038;p=9835</guid>

					<description><![CDATA[<p>The post <a href="https://www.tyro.com/about-tyro/media/tyro-lodges-ipo-prospectus/">Tyro lodges IPO Prospectus</a> appeared first on <a href="https://www.tyro.com">Tyro</a>.</p>
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                            <p><span style="color: #1654ba;"><strong>NOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES OR TO US PERSONS</strong></span></p>
<p>&nbsp;</p>
<p>18 November 2019</p>
<p>Tyro Payments Limited (<strong>Tyro </strong>or the<strong> Company</strong>) is pleased to announce the lodgment of its prospectus (<strong>Prospectus</strong>) with the Australian Securities and Investments Commission (<strong>ASIC</strong>) to list on the Australian Securities Exchange (<strong>ASX</strong>) via an initial public offering (<strong>IPO</strong> or <strong>Offer</strong>).</p>
<p>The minimum Offer to retail and institutional investors is expected to raise total gross proceeds of $241.1 – $252.7 million based on an indicative price range of $2.50 – $2.75<sup>[1]</sup> per fully paid ordinary share (<strong>Share</strong>). This values the Company at a total enterprise value of $1.08 – $1.20 billion with an indicative market capitalisation of $1.25 – $1.36 billion. Approximately $125 million of gross proceeds will be raised through the issue of new Shares by the Company with the balance via a secondary offer of Shares by existing Tyro shareholders.</p>
<p>Tyro is a technology-focused and values-driven company providing Australian businesses with payment solutions and value-adding business banking products. The Company provides simple, flexible and reliable payment solutions as a merchant acquirer, along with complementary business banking products.</p>
<p>Tyro chairman David Thodey said, <em>“Tyro is a great Australian success story, with a history of innovation underpinned by a culture that puts the customer at the core of the business. Over the past 16 years the Company has grown to become Australia’s fifth largest merchant acquiring bank by terminal count, with strong aspirations for the future. I am delighted to have the opportunity to invite new shareholders to join us in the next stage of the Tyro journey as we build upon our solid foundation to pursue an exciting growth strategy.” </em></p>
<p>Robbie Cooke, Tyro’s CEO and Managing Director said, <em>“Central to our mission is supporting small to medium business in Australia with better solutions for their payment and banking needs. As a tech-driven enterprise we are well placed to understand and assist in reducing the friction they often experience in their payments and banking activities. Our focus remains firmly on challenging the status quo for the benefit of our merchants. I am particularly excited that Tyro merchants have the ability to invest in our future success by participating in our merchant offer.” </em></p>
<p>The Offer enables Tyro to broaden its shareholder base and provide a liquid market for its approximately 450 existing shareholders. Further it provides funding and financial flexibility to support the Company’s growth strategy and future growth opportunities while also further enhancing Tyro’s brand profile.</p>
<p>A number of institutional investors have committed to acquire, and will be allocated, $140 million<sup>[2]</sup> of Shares at the final price through a cornerstone process as part of an institutional offer.</p>
<p>On completion of the Offer it is expected that existing shareholders of Tyro will continue to hold shares equivalent to around 80% of total Shares on issue. Approximately 50% of issued capital will be subject to voluntary escrow arrangements until lodgment of Tyro’s preliminary financial report for the year ending 30 June 2020.</p>
<p>Tyro will apply to the ASX within the next seven days for admission to the official list and quotation of Shares by the ASX, under the code ‘TYR’. It is expected that trading of the Shares will commence<sup>[3]</sup> on or about 6 December 2019.</p>
<p>The Prospectus contains detailed information about the Offer, Tyro’s financial and operating performance, outlook and material risks associated with the industry and business in which it operates. The Prospectus<sup>[4]</sup> in electronic form is available to certain eligible investors in Australia at <a href="https://events.miraqle.com/Tyro-IPO/Home/">https://events.miraqle.com/Tyro-IPO/Home/</a>. Paper copies of the Prospectus are available to certain eligible investors by calling the Offer Information Line on 1800 883 072 (within Australia) from 8:30am to 5:30pm (Sydney time) Monday to Friday (excluding public holidays). Questions regarding the Offer may also be directed to Offer Information Line.</p>
<p>Clayton Utz has acted as Australian legal adviser.</p>
<p>&nbsp;</p>
<p><a class="waves-effect waves-light btn" href="https://events.miraqle.com/Tyro-IPO/Home/" target="_blank" rel="noopener noreferrer">Download Prospectus and Audited Financial Statements</a></p>
<p><strong>&nbsp;</strong></p>
<h5>Key Offer Dates</h5>
<table>
<tbody>
<tr>
<td>Prospectus date</td>
<td>Monday, 18 November 2019</td>
</tr>
<tr>
<td>Retail offer opens</td>
<td>Tuesday, 26 November 2019</td>
</tr>
<tr>
<td>Retail offer closes</td>
<td>Monday, 2 December 2019</td>
</tr>
<tr>
<td>Bookbuild to determine final price</td>
<td>Tuesday 3 December 2019 – Wednesday 4 December</td>
</tr>
<tr>
<td>Announcement of final price to the market</td>
<td>Thursday, 5 December 2019</td>
</tr>
<tr>
<td>Expected commencement of trading on ASX on a conditional and deferred settlement basis</td>
<td>Friday, 6 December 2019</td>
</tr>
</tbody>
</table>
<p>&nbsp;</p>
<p>The above dates are indicative only and may be subject to change.</p>
<p>&nbsp;</p>
<p><strong>Important Notice:</strong> Offers of Shares will be made in, or accompanied by, a copy of the Prospectus by Tyro Payment Limited and Tyro SaleCo Limited which is available as described above. Investors should consider the Prospectus in deciding whether to acquire Shares. Anyone who wants to acquire Shares will need to complete the application form that will be in or will accompany the Prospectus.</p>
<p><em>This communication does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or any other jurisdiction. The shares referred to herein have not been, and will not be, registered under the U.S. Securities Act of 1933 (the “U.S. Securities Act”) or under the securities laws of any state or other jurisdiction of the United States and may not be offered or sold in the United States absent registration under the U.S. Securities Act or an exemption from registration requirements.</em></p>
<p><strong>&nbsp;</strong></p>
<h5>Enquiries</h5>
<p>Enquiries regarding the Offer should be directed to the Offer Information Line on 1800 883 072 (within Australia).</p>
<p>Media enquiries:</p>
<table>
<tbody>
<tr>
<td>Chloe Rees</td>
<td></td>
<td>Carrie Barrack</td>
</tr>
<tr>
<td>Cato &amp; Clegg</td>
<td></td>
<td>Cato &amp; Clegg</td>
</tr>
<tr>
<td>+ 61 417 665 416</td>
<td></td>
<td>+ 61 422 464 028</td>
</tr>
<tr>
<td><a href="mailto:chloe@catoandclegg.com" style="word-break: break-all;">chloe@catoandclegg.com</a></td>
<td></td>
<td><a href="mailto:carrie@catoandclegg.com" style="word-break: break-all;">carrie@catoandclegg.com</a></td>
</tr>
</tbody>
</table>
<p>&nbsp;</p>
<p>&nbsp;</p>
<h5>About Tyro</h5>
<p>Tyro is a technology-focused and values-driven company providing Australian businesses with payment solutions and value-adding business banking products. The company provides simple, flexible and reliable payment solutions as a merchant acquirer, along with complementary business banking products.</p>
<p>For the more than 29,000 Australian merchants who chose to partner with Tyro in FY19, the company processed more than $17.5 billion in transaction value. In FY19 the company generated $189.8 million in revenue, originated $52.2 million in loans and held merchant deposits totaling $26.9 million.</p>
<p>Tyro is Australia’s fifth largest merchant acquiring bank by number of terminals in the market, behind the four major banks.</p>
<p>The business was founded in 2003 with a goal of being the most efficient acquirer of electronic payments in Australia. Tyro has a track record of innovation, creating purpose-built solutions and being first to market. This approach saw the company become the first technology company to receive an Australian specialist credit card institution licence in 2005. In 2015 that licence was replaced by the award of an Australian banking licence, making Tyro the first new domestic banking licensee in over a decade.</p>
<p>Payments are at the core of Tyro’s business, using its proprietary core technology platform to enable credit and debit card acquiring. This offering is enhanced by features purpose-designed for those merchants who choose to partner with the company, including Point of Sale systems integrations, least-cost routing (Tap &amp; Save) and alternative payment types such as integrated Alipay. While traditionally focused on in-store payments, Tyro has recently expanded into eCommerce.</p>
<p>Further, Tyro provides value-adding solutions to its partners, such as loans in the form of merchant cash advances and fee-free, interest-bearing merchant transaction accounts.</p>
<p>Tyro are a team of more than 450 people, approximately half of whom are in technology roles.</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p><small>[1] The indicative price range for the Offer is the indicative range for the final price. The final price may be set below, within or above the indicative price range and will be determined as part of the bookbuild. Shares may trade below the lower end of the indicative price range after completion.</small></p>
<p><small>[2] Provided the final price is within the indicative price range.</small></p>
<p><small>[3] On a conditional and deferred settlement basis.</small></p>
<p><small>[4] The Prospectus is available without an application form until commencement of the offer period.</small></p>
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<p>The post <a href="https://www.tyro.com/about-tyro/media/tyro-lodges-ipo-prospectus/">Tyro lodges IPO Prospectus</a> appeared first on <a href="https://www.tyro.com">Tyro</a>.</p>
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		<title>Tyro rebrand built on &#8216;Better business banking&#8217;</title>
		<link>https://www.tyro.com/about-tyro/media/tyro-rebrand-built-on-better-business-banking/</link>
		
		<dc:creator><![CDATA[Al Walsh]]></dc:creator>
		<pubDate>Tue, 30 Jul 2019 00:29:45 +0000</pubDate>
				<guid isPermaLink="false">https://www.tyro.com/?post_type=press-releases&#038;p=8453</guid>

					<description><![CDATA[<p>The post <a href="https://www.tyro.com/about-tyro/media/tyro-rebrand-built-on-better-business-banking/">Tyro rebrand built on &#8216;Better business banking&#8217;</a> appeared first on <a href="https://www.tyro.com">Tyro</a>.</p>
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<p class="wp-block-cgb-text gutenberg-examples-align-none">Australian business bank Tyro is taking on a fresh new look with the launch of its first rebrand since 2007.<br/><br/>Headlined with the tagline ‘Better business banking’ to reflect its expansion beyond strictly payments and into banking and lending products in recent years, Tyro’s rebrand also sees the launch of a new-look website and logo and the roll out of a brand campaign in the coming months.<br/><br/>Launched in 2003, Tyro is now Australia’s fifth largest payments provider , while its banking and lending products continue to grow strongly after obtaining a banking licence in 2015.<br/><br/>The rebrand, including the logo and visual identity, was advised by Hulsbosch, while the new website was built and designed by whiteGREY.<br/><br/>CEO Robbie Cooke said while the rebrand presented a fresh look for Tyro, its underlying commitment to deliver innovative payments and banking solutions for Australian businesses would not waver.<br/><br/>&#8220;The rebrand is a significant milestone as we continue to innovate our business banking offering and build on our existing payments, banking and lending solutions,&#8221; Mr Cooke said.<br/><br/>&#8220;Understanding the needs of Australian businesses has been the foundation of our business and its growth over the past 16 years; and the ‘Better business banking’ tagline developed by Hulsbosch reinforces our commitment to deliver innovative products which cater to the needs of our merchants.<br/><br/>&#8220;As a business bank built on technology, our website is our shopfront, which made the development of a new site a fundamental component of our rebrand.<br/><br/>“The team at whiteGREY has done a great job in not only delivering on our desire for a customer-centric website, but also capturing the essence of our new tagline of ‘Better business banking’ across the site.”<br/><br/>Hulsbosch Director Jaid Hulsbosch said the agency partnered with Tyro to evaluate the company’s communications and participated in extensive stakeholder research to build brand insights and customer segmentation that aligned with the company’s growth strategy.<br/><br/>“Partners you can trust to help in business are prized relationships. This is the role Tyro has consistently played over the years and what we discovered is the essence of what makes their banking better,” Mr Hulsbosch said.<br/><br/>“The visual identity created by Hulsbosch is based on this idea of Tyro taking care of payments and banking to enable the business owner to focus on their passion, igniting the business. Partnership is also inherent here and our creative focus for their unique, refreshed brand.”<br/><br/>whiteGREY CEO Lee Simpson said the team worked in close partnership with Tyro across technology, design, project management, client services and customer experience to develop the new site.<br/><br/>“Tyro’s website is the face of the business and has grown organically as the business has introduced new innovative products over the past 16 years.” <br/><br/>“Having the opportunity to develop a website with the right experience and with the foundations to support the business as it scales, was a great way for whiteGREY to play a small but important part in the Tyro story.”<br/><br/></p>



<h3 class="wp-block-heading">About Tyro</h3>



<p class="wp-block-cgb-text gutenberg-examples-align-none">Tyro is an Australian Bank and operates under the supervision of the Australian Prudential Regulation Authority (APRA).<br/><br/>Tyro provides credit, debit and eftpos card acquiring, Medicare and private health fund claiming and rebating services, as well as an interest-bearing transaction and deposit account offering integration with Xero accounting software.<br/><br/>Tyro takes money on deposit and offers unsecured cashflow-based lending to Tyro EFTPOS merchants.<br/><br/>Tyro currently serves more than 25,500 businesses with its own in-house, cloud-based mobile core banking platform.<br/><br/>For more information, visit <a href="https://www.tyro.com/">tyro.com</a><br/><br/></p>



<p class="wp-block-cgb-text gutenberg-examples-align-none"><br/><sup>1</sup> As per the statistics detailed in Authorised Deposit-taking Institutions (ADI) Points of Presence June 2018 issued by APRA in October 2018. Excludes EFTPOS providers who are not ADIs.</p>
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<h2 class="wp-block-heading"><strong>Need to know more?</strong></h2>



<p class="wp-block-cgb-text gutenberg-examples-align-none">For more about this news story please contact:<br/>Monica Appleby, Head of Corporate Communications on 0466 598 946 or <a rel="noreferrer noopener" href="mailto:mappleby@tyro.com?subject=Media enquiry" target="_blank" data-type="mailto">mappleby@tyro.com</a><br/>Sophie Cotterill, Corporate Communications Manager on 0414 960 292 or <a rel="noreferrer noopener" href="mailto:scotterill@tyro.com?subject=Media enquiry" target="_blank">scotterill@tyro.com </a></p>



<p></p>
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<p></p>
<p>The post <a href="https://www.tyro.com/about-tyro/media/tyro-rebrand-built-on-better-business-banking/">Tyro rebrand built on &#8216;Better business banking&#8217;</a> appeared first on <a href="https://www.tyro.com">Tyro</a>.</p>
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		<title>YBF Ventures announces official opening of Sydney tech &#038; innovation hub</title>
		<link>https://www.tyro.com/about-tyro/media/ybf-ventures-announces-official-opening-of-sydney-tech-innovation-hub/</link>
		
		<dc:creator><![CDATA[Mike Hagley]]></dc:creator>
		<pubDate>Tue, 18 Jun 2019 07:07:29 +0000</pubDate>
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					<description><![CDATA[<p>The post <a href="https://www.tyro.com/about-tyro/media/ybf-ventures-announces-official-opening-of-sydney-tech-innovation-hub/">YBF Ventures announces official opening of Sydney tech &#038; innovation hub</a> appeared first on <a href="https://www.tyro.com">Tyro</a>.</p>
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<p class="wp-block-cgb-text gutenberg-examples-align-none"><em><strong>Melbourne, 18 June 2019 –</strong></em> Melbourne-based tech and innovation hub, YBF Ventures is pleased to announce it will be taking operational control and ownership of the Tyro Fintech Hub on Clarence Street in the heart of Sydney’s CBD.<br/><br/>As part of the agreement, Tyro will become a corporate partner of YBF, ensuring the two companies continue to focus on innovation. This will be YBF’s second location and will build upon the success of YBF Melbourne which has helped startups to scale, scaleups to succeed, and corporates to innovate since 2011.<br/><br/>YBF Sydney, as the hub will be named, will transition from 1 July 2019 and will shift from solely fintech to encompassing tech startups and scaleups of all verticals: fintech, Web 3.0, legaltech, Artificial Intelligence (AI), Machine Learning, cybersecurity, and Immersive Experience technology.<br/><br/>The acquisition of a coworking space called Teamsquare, which YBF transformed into an innovation hub in 2018 under the YBF Melbourne moniker, increased YBF’s Melbourne headquarters to 3,100 square metres with 400 desks. The opening of YBF Sydney increases YBF’s Australian footprint by an additional 150 desks.<br/><br/>As with YBF Melbourne, YBF Sydney will implement inspiring community events, will maintain its strong focus on diversity and will forge partnerships with corporates, government and educational institutions, linking all the key tech ecosystem players in both cities.<br/><br/>“Melbourne and Sydney are the two largest commercial centres in Australia. While YBF has had a strong presence in Melbourne as a leader in tech, it is important to have a presence in Sydney,” said YBF Ventures CEO, Farley Blackman. “Tyro has a stellar reputation and shares our values. They are an ideal partner for our expansion and we’re excited to be working with them to support and grow the Sydney tech community for years to come.<br/><br/>“This move solidifies our growth strategy and more specifically fulfils our 2019 goal of opening an interstate location. We are thrilled to be working with and building upon the successes of Robbie and the entire Tyro team,” adds Mr Blackman, who further states, “YBF will continue to look for opportunities both domestically and regionally. We expect to make further expansion announcements before the end of the year.”<br/><br/>Tyro established the Hub to provide a professional workspace and facilitate events and mentoring opportunities for the Sydney startup community; it has since seen more than 100 start-ups take advantage of the facility.<br/><br/>CEO Robbie Cooke said Tyro’s fintech roots remained strong; and preserving those roots was a fundamental part of the decision to partner with YBF Ventures, which has had great success as a tech and innovation-focused hub in Melbourne.<br/><br/>“Strategically, it’s a great fit for both organisations; we wanted to preserve the space for future startups and focus on our core business of developing payments and banking solutions for our merchants, while Farley and his team were looking to expand their footprint,” Mr Cooke said.<br/><br/>“YBF Ventures has had great success in Melbourne and as a corporate partner, we look forward to seeing the Sydney space continue to provide opportunities for Australian startups to grow their businesses.”</p>



<h2 class="wp-block-heading">About YBF Ventures</h2>



<p class="wp-block-cgb-text gutenberg-examples-align-none">Since 2011, YBF Ventures has focused on advancing Australia’s technology-focused entrepreneurial ecosystem, initially from its iconic premises in the Melbourne CBD––the former York Butter Factory, from which ‘YBF’ stems. YBF has been home to 100s of startups who have created 1000s of new jobs. YBF also works in partnership with ASX 200 and Fortune 1000 corporates and Australia’s globally-renowned academic and research institutions.<br/><br/>YBF was initially started as a coworking space in Melbourne and helped kick off the phenomenon in Australia. It has since moved beyond coworking® and has developed into its own innovation ecosystem––a curated and diverse community of entrepreneurs and subject matter experts who have created hundreds of new, disruptive technology businesses. The company focuses on innovation in a myriad of industries, having directly produced successful scaleups including Equiem and Clover.com.au. It is home to high-growth residents such as Wrike, SuperEd, Omny Studio, Plattar, Doshii, Loki, Josef and Startupbootcamp, amongst many others.</p>



<h2 class="wp-block-heading">About Tyro Payments</h2>



<p class="wp-block-cgb-text gutenberg-examples-align-none">Tyro is an Australian Bank and operates under the supervision of the Australian Prudential Regulation Authority (APRA).<br/><br/>Tyro provides credit, debit and eftpos card acquiring, Medicare and private health fund claiming and rebating services, as well as an interest-bearing transaction and deposit account offering integration with Xero accounting software. Tyro takes money on deposit and offers unsecured cash flow-based lending to Tyro EFTPOS merchants.<br/><br/>Tyro currently serves more than 20,000 businesses with its own in-house, cloud-based mobile core banking platform.<br/><br/>For more information, visit tyro.com</p>
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<h2 class="wp-block-heading"><strong>Need to know more?</strong></h2>



<p class="wp-block-cgb-text gutenberg-examples-align-none">For more about this news story please contact:<br/>Monica Appleby, Head of Corporate Communications on 0466 598 946 or <a rel="noreferrer noopener" href="mailto:mappleby@tyro.com?subject=Media enquiry" target="_blank" data-type="mailto">mappleby@tyro.com</a><br/>Sophie Cotterill, Corporate Communications Manager on 0414 960 292 or <a rel="noreferrer noopener" href="mailto:scotterill@tyro.com?subject=Media enquiry" target="_blank">scotterill@tyro.com </a></p>



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<p>The post <a href="https://www.tyro.com/about-tyro/media/ybf-ventures-announces-official-opening-of-sydney-tech-innovation-hub/">YBF Ventures announces official opening of Sydney tech &#038; innovation hub</a> appeared first on <a href="https://www.tyro.com">Tyro</a>.</p>
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		<title>Director Resignation</title>
		<link>https://www.tyro.com/about-tyro/media/director-resignation/</link>
		
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		<pubDate>Wed, 27 Feb 2019 08:25:17 +0000</pubDate>
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					<description><![CDATA[<p>The post <a href="https://www.tyro.com/about-tyro/media/director-resignation/">Director Resignation</a> appeared first on <a href="https://www.tyro.com">Tyro</a>.</p>
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<p class="wp-block-cgb-text gutenberg-examples-align-none"><strong>27 February, 2019</strong> Tyro, Australia’s fast-growing business bank, today announced a change to the Board representation of one of its major shareholders, Mike Cannon-Brookes.<br/></p>



<p class="wp-block-cgb-text gutenberg-examples-align-none">After nine years on Tyro’s Board, Mike Cannon-Brookes has advised he is stepping down as a director of the Company. In announcing this Mike said: </p>



<p class="wp-block-cgb-text gutenberg-examples-align-none">“I have thoroughly enjoyed working with the Tyro board and team over the last nine years. I’ve loved being on the journey with them, helping them build an amazing Australian growth story. While I am stepping back from my director role due to other commitments, I remain a long-term Tyro shareholder – and fan – and will continue to advise the team where I can.” </p>



<p class="wp-block-cgb-text gutenberg-examples-align-none">Tyro’s chairman Kerry Roxburgh, said: </p>



<p class="wp-block-cgb-text gutenberg-examples-align-none">“I would like to thank Mike for his valuable contribution to our Company over the last nine years. We have been very fortunate in having the benefit of Mike’s expertise and counsel on the Board. I understand completely the challenges of balancing a very full executive and directorship portfolio, and that this has meant Mike did not feel he could continue to make the time commitment for the Tyro role. While we will miss his Board contribution I am really pleased that Mike is continuing his active engagement with Tyro and with Robbie Cooke, our CEO, and his executive team.” </p>



<p class="wp-block-cgb-text gutenberg-examples-align-none"> This Board change takes effect on and from 28 February 2019. </p>



<h3 class="wp-block-heading"><br>About Tyro <br></h3>



<p class="wp-block-cgb-text gutenberg-examples-align-none">Tyro is an Australian Bank and operates under the supervision of the Australian Prudential Regulation Authority (APRA). <br/></p>



<p class="wp-block-cgb-text gutenberg-examples-align-none">Tyro provides credit, debit and eftpos card acquiring, Medicare and private health fund claiming and rebating services, as well as an interest-bearing transaction and deposit account offering integration with Xero accounting software. Tyro takes money on deposit and offers unsecured cashflow-based lending to Tyro EFTPOS merchants. </p>



<p class="wp-block-cgb-text gutenberg-examples-align-none">Tyro currently serves more than 20,000 businesses with its own in-house, cloud-based mobile core banking platform. </p>



<p class="wp-block-cgb-text gutenberg-examples-align-none"> For more information, visit tyro.com </p>
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<h2 class="wp-block-heading"><strong>Need to know more?</strong></h2>



<p class="wp-block-cgb-text gutenberg-examples-align-none">For more about this news story please contact:<br/>Monica Appleby, Head of Corporate Communications on 0466 598 946 or <a rel="noreferrer noopener" href="mailto:mappleby@tyro.com?subject=Media enquiry" target="_blank" data-type="mailto">mappleby@tyro.com</a><br/>Sophie Cotterill, Corporate Communications Manager on 0414 960 292 or <a rel="noreferrer noopener" href="mailto:scotterill@tyro.com?subject=Media enquiry" target="_blank">scotterill@tyro.com </a></p>



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<p>The post <a href="https://www.tyro.com/about-tyro/media/director-resignation/">Director Resignation</a> appeared first on <a href="https://www.tyro.com">Tyro</a>.</p>
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		<title>Heinemann Sydney Airport stores now offering Alipay through Tyro</title>
		<link>https://www.tyro.com/about-tyro/media/heinemann-sydney-airport-stores-now-offering-alipay-through-tyro/</link>
		
		<dc:creator><![CDATA[Al Walsh]]></dc:creator>
		<pubDate>Wed, 09 Jan 2019 00:02:53 +0000</pubDate>
				<guid isPermaLink="false">https://www.tyro.com/?post_type=press-releases&#038;p=43</guid>

					<description><![CDATA[<p>The post <a href="https://www.tyro.com/about-tyro/media/heinemann-sydney-airport-stores-now-offering-alipay-through-tyro/">Heinemann Sydney Airport stores now offering Alipay through Tyro</a> appeared first on <a href="https://www.tyro.com">Tyro</a>.</p>
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<p class="wp-block-cgb-text gutenberg-examples-align-none"><em>Tyro first Australian bank to integrate Alipay in Australia, available at Heinemann Sydney Airport</em><br/></p>



<p class="wp-block-cgb-text gutenberg-examples-align-none"><strong>Sydney, Australia, 9 January 2019</strong> – Australia’s business-only bank Tyro, announced its next Alipay integration with Sydney Airport tax and duty-free retailer Heinemann Australia, where the payment system is now live. Tyro is the first Australian bank to offer Alipay to its merchants with Heinemann Gold Coast International Airport going live last month, following the deal signed with Alipay in August 2018. </p>



<p class="wp-block-cgb-text gutenberg-examples-align-none">With 900 million users choosing to pay for goods and services globally via Alipay and its strategic partners, it has evolved from a digital wallet to a lifestyle enabler and is the number one payment method in China. Through its partnership with Alipay, Tyro is now helping Australian businesses access the ever-expanding Chinese visitor market and empowering Australian retailers to better serve Chinese tourists by offering customers more payment options. </p>



<p class="wp-block-cgb-text gutenberg-examples-align-none">Tyro’s CEO, Robbie Cooke, said Alipay is a compelling payment solution option for Australian merchants looking to expand their customer base by accessing the lucrative Chinese visitor market. </p>



<p class="wp-block-cgb-text gutenberg-examples-align-none">“Heinemann Australia is a key player in travel retail and a popular shopping destination for Chinese visitors travelling through Sydney Airport. For our Chinese guests, Alipay is a familiar and preferred payment method, especially while travelling. Tyro is proud to have partnered with Heinemann to bring Alipay to the Australian market. Tyro has a long-standing and successful working relationship with Heinemann with a common goal of bringing new payment technology to market and putting the customer first.” </p>



<p class="wp-block-cgb-text gutenberg-examples-align-none">Richard Goodman, Managing Director of Heinemann Australia, said, “We are excited to partner with Tyro yet again in launching Alipay in our Sydney stores, better reaching our Chinese customers. We look forward to introducing exclusive offers over the Chinese New Year period to Alipay users in partnership with Sydney Airport”.<br/></p>



<p class="wp-block-cgb-text gutenberg-examples-align-none">George Lawson, ANZ Country Manager at Alipay, said, “Australian retailers like Heinemann are recognising the huge opportunity presented by the Chinese visitor boom, particularly in airports which are the gateways to our nation. In fact, Australian airports were the third-most popular airport shopping destinations globally during the recent Chinese Golden Week holiday, and by offering Chinese tourists their preferred payment method – Alipay, Heinemann is well placed to harness this key market.” </p>



<p class="wp-block-cgb-text gutenberg-examples-align-none">For the year ending October 2018, there were over 1.4 million Chinese visitor arrivals in Australia1. Chinese visitors injected AU$10.4 billion into the economy in the year ending December 20172. This is predicted to rise to AU$13 billion by 20203. </p>



<p class="wp-block-cgb-text gutenberg-examples-align-none">According to Tourism Research Australia’s Dispersal of Chinese Free and Independent Leisure Visitors in Australia 2015 report4, Sydney is the most prominent arrival gateway with 45% of Chinese free and independent travellers (FITs) landing in the capital city. </p>



<p class="wp-block-cgb-text gutenberg-examples-align-none">Glyn Williams, General Manager Retail at Sydney Airport, said, “We’re proud to offer a highly tailored experience for Chinese passengers at Sydney Airport including retail, food and dining options, targeted content through WeChat and Chinese wayfinding via eDirectories and Baidu maps. Bolstering Chinese payment options at Sydney Airport is another important step in delivering a superior customer experience for Chinese travellers.” </p>



<p class="wp-block-cgb-text gutenberg-examples-align-none">Tyro will offer Alipay to its other eligible 20,000+ businesses within the first half of 2019 so Australian businesses looking to capitalise on the Chinese tourist market will soon be able to offer a simple and seamless payment option to Chinese visitors, helping to make their local experience more familiar and in keeping with how they transact at home. </p>



<p class="wp-block-cgb-text gutenberg-examples-align-none">Thousands of Chinese students and migrants who use Alipay and merchants, particularly across the retail and hospitality sectors, also have the opportunity to engage with a range of payment options that provide more choice. </p>



<p class="wp-block-cgb-text gutenberg-examples-align-none">Data from Nielsen has indicated that: </p>



<ul class="wp-block-cgb-unordered-list"><li>65% of Chinese tourists use mobile payment platforms during overseas travels – six times more than non-Chinese tourists (11%);</li><li> Over 90% of Chinese tourists would consider using Alipay when travelling abroad if Alipay were more widely accepted among foreign merchants; and </li><li>Over 90% of Chinese tourists indicated they would increase their spending if Alipay were an accepted payment  <br/>method<sup>5</sup></li></ul>



<p class="wp-block-cgb-text gutenberg-examples-align-none">Tyro is further diversifying its offering and responding to merchant needs by introducing initiatives that will attract more revenue to its merchants’ businesses. The Alipay integration fits with Tyro’s strategy to offer alternative payments, as part of its existing award-winning EFTPOS and banking-specific products.<br/></p>



<p class="wp-block-cgb-text gutenberg-examples-align-none">As an Australian bank completely dedicated to business banking, Tyro is at the forefront of banking and payments and strongly supports its customers by designing innovative products and a better experience, so they can succeed. </p>



<p class="wp-block-cgb-text gutenberg-examples-align-none" style="font-size:16px"><sup>1 <a href="http://www.tourism.australia.com/en/markets-and-stats/tourism-statistics/international-visitor-arrivals.html">http://www.tourism.australia.com/en/markets-and-stats/tourism-statistics/international-visitor-arrivals.html</a></sup><br> <br><sup>2 <a href="https://trademinister.gov.au/releases/Pages/2018/sc_mr_180418.aspx">https://trademinister.gov.au/releases/Pages/2018/sc_mr_180418.aspx</a></sup><br> <br><sup>3 <a href="http://www.tourism.australia.com/content/dam/assets/document/1/6/x/g/p/2002921.pdf">http://www.tourism.australia.com/content/dam/assets/document/1/6/x/g/p/2002921.pdf</a></sup><br> <br><sup>4 <br></sup><a href="https://www.tra.gov.au/en/data-and-research">https://www.tra.gov.au/en/data-and-research</a><br> <br><sup>5 <br><a href="https://www.nielsen.com/cn/en/insights/report/2018/nielsen-over-90-percent-chinese-tourists-would-use-mobile-payment-overseas-given-the-option/">https://www.nielsen.com/cn/en/insights/reports/2018/nielsen-over-90-percent-chinese-tourists-would-use-mobile-paymentoverseas-given-the-option.html</a></sup><a href="https://www.nielsen.com/cn/en/insights/report/2018/nielsen-over-90-percent-chinese-tourists-would-use-mobile-payment-overseas-given-the-option/"> </a></p>



<p class="wp-block-cgb-text gutenberg-examples-align-none"><br/><strong>About Tyro</strong><br/> <br/>Tyro is an Australian Bank and operates under the supervision of the Australian Prudential Regulation Authority (APRA). Tyro provides credit, debit and eftpos card acquiring, Medicare and private health fund claiming and rebating services, as well as an interest-bearing transaction and deposit account offering integration with Xero accounting software. Tyro takes money on deposit and offers unsecured cashflow-based lending to Tyro EFTPOS merchants. Tyro currently serves more than 20,000 businesses with its own in-house, cloud-based mobile core banking platform.</p>



<p class="wp-block-cgb-text gutenberg-examples-align-none"> <br/><strong>About Heinemann Australia Pty Ltd</strong> </p>



<p class="wp-block-cgb-text gutenberg-examples-align-none">Heinemann Australia with its 550 employees is a wholly-owned subsidiary of Gebr. Heinemann and was established in 2014 to represent the group in the Trans-Tasman region, in conjunction with winning the Duty Free tender at prestigious Sydney Airport. Now boasting seven impressive stores, Heinemann Tax &amp; Duty Free operates 10,000 sqm of retail space at this destination port. Rooted in Gebr. Heinemann’s legacy, Heinemann Australia is committed to being a key player in travel retail by becoming the preferred partner for landlords, operators and suppliers. Also, by maintaining our enduring commercial relationships and fostering mutual growth with their business partners. For more information, visit https://heinemann.com.au/.</p>



<p class="wp-block-cgb-text gutenberg-examples-align-none"> <br/><strong>About Alipay</strong> </p>



<p class="wp-block-cgb-text gutenberg-examples-align-none"><br/>Operated by Ant Financial Services Group, Alipay is the world’s largest mobile and online payment platform. Launched in 2004, Alipay currently works with over 200 domestic financial institution partners. Over the years, Alipay has evolved from a digital wallet to a lifestyle enabler. Users can hail a taxi, book a hotel, buy movie tickets, pay utility bills, make appointments with doctors, or purchase wealth management products directly from within the app. In addition to online payments, Alipay is expanding to in-store offline payments both inside and outside of China. Alipay’s in-store payment service covers over 40 countries and regions across the world, and tax reimbursement via Alipay is supported in 29 countries and regions. Alipay works with over 250 overseas financial institutions and payment solution providers to enable cross-border payments for Chinese travelling overseas and overseas customers who purchase products from Chinese e-commerce sites. Alipay currently supports 27 currencies.<br/></p>



<p class="wp-block-cgb-text gutenberg-examples-align-none"> <br/><strong>About Sydney Airport</strong> </p>



<p class="wp-block-cgb-text gutenberg-examples-align-none"><br/>Sydney Airport is Australia’s gateway airport, serving more than 43.3 million passengers a year and connecting Sydney to a network of over 100 international, domestic and regional destinations. Located just eight kilometres from the city centre, Sydney Airport contributes $38 billion in economic activity a year, equivalent to 6.8 per cent of the NSW economy. Sydney Airport is a major employer in NSW, generating more than 338,500 direct and indirect jobs, equivalent to 10.1 per cent of NSW employment. 30,900 of these jobs are at the airport itself across 800 different businesses. Sydney Airport is committed to helping its local communities thrive, supporting the leaders of tomorrow, embracing and showcasing Sydney’s best, and partnering with a range of local community events, charities, festivals, clubs, councils and other organisations.</p>
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<h2 class="wp-block-heading"><strong>Need to know more?</strong></h2>



<p class="wp-block-cgb-text gutenberg-examples-align-none">For more about this news story please contact:<br/>Monica Appleby, Head of Corporate Communications on 0466 598 946 or <a rel="noreferrer noopener" href="mailto:mappleby@tyro.com?subject=Media enquiry" target="_blank" data-type="mailto">mappleby@tyro.com</a><br/>Sophie Cotterill, Corporate Communications Manager on 0414 960 292 or <a rel="noreferrer noopener" href="mailto:scotterill@tyro.com?subject=Media enquiry" target="_blank">scotterill@tyro.com </a></p>



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<p>The post <a href="https://www.tyro.com/about-tyro/media/heinemann-sydney-airport-stores-now-offering-alipay-through-tyro/">Heinemann Sydney Airport stores now offering Alipay through Tyro</a> appeared first on <a href="https://www.tyro.com">Tyro</a>.</p>
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