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 to Australian businesses. Tyro takes money on deposit and offers unsecured cash-flow based lending to Australian EFTPOS merchants.
Australia’s fifth largest merchant acquiring bank by number of terminals in the market, behind the four major banks
small and medium-sized enterprises - In particular, focus on three verticals – Health, Hospitality and Retail.
Revenue and income is generated from a variety of sources:
Key expenses can be grouped into:
Note: Operating at a loss
Australia's A$2.3 billion in annual net merchant fees currently having around 10% market share
Morgan Stanley forecasts Tyro doubling target market share to 20% by FY 2024/25, increasing gross revenue to $A538 million by FY 2024, and more than doubling gross profit over the same time frame to A$217 million.