Atlassian boss Mike Cannon-Brookes had a nice little earner when SME payments fintech Tyro listed on the ASX at noon today. The shares soared in the first hour of trade from a listing price of $2.75 to $3.51, a 20% gain on paper for the company’s tightly held register of shareholders. By mid afternoon, the… Read more »
Just a few months on from the departure of cofounder Andrew Rothwell, banking startup Tyro has lost another key figure, with recently appointed CEO Gerd Schenkel today announcing his resignation.
Tyro Payments, the Sydney-based fintech company looking to become the next big Australian bank, has announced the appointment of Gerd Schenkel as its new CEO. Current CEO Jost Stollmann will move to the position of full-time executive director.
Tyro poised for breakout growth after raising $100 million from Tiger Global and Mike Cannon-Brookes
Combined with the banking licence Tyro obtained from the Australian Prudential Regulatory in August, the funding will go towards accelerating Tyro’s growth initiatives and new product development to help the company provide new payment and banking solutions to customers.
Tyro Payments has today announced Tyro Mobile, a partnership with PayPal that will see small businesses able to accept mobile payments from PayPal users in store.
Sydney looks set to become the country’s leading FinTech space with Tyro, a new hub for FinTech startups, opening in the city’s CBD.