Tyro Payments

What Tyro Payments does

Tyro Payments Limited (ASX: TYR) is an Australian fintech founded in 2003 and headquartered in Sydney that provides integrated payment acceptance, business banking, and lending to approximately 76,000 Australian businesses across hospitality, retail, health, trades & services, automotive, hotels & accommodation, franchise, and not-for-profit verticals. The core product platform spans EFTPOS terminals (Tyro Pro Touch, Pro Key, Pro Lite, and the BYO App), online payment acceptance (Tyro eCommerce and Payment Links), business banking (Tyro Transaction Account with same-day seven-day settlement, term deposits), and SME lending (Tyro Flexi Loan up to A$400,000 with 60-second approval). Following the 2026 acquisition of Thriday, Tyro added Tyro Accounting for AI-assisted invoicing, cashflow management and tax planning, turning the platform into an end-to-end financial operating system for SMEs.

Underlying the product surface is a proprietary payment processing infrastructure including a cloud-based payments gateway, the Tyro Connect integration hub linking Tyro EFTPOS to 450+ Point of Sale and Property Management Systems, and AI/ML systems used for fraud detection, anomaly detection, and credit/affordability decisioning in the lending book. Cost-optimization features include Dynamic Surcharging (compliant with RBA rules ahead of the October 2026 surcharge ban) and Tap & Save (cheapest-network routing for contactless debit). The bank account, term deposit, lending, and accounting products are tightly coupled to the merchant payment flow, producing integrated cash-flow management as the unifying value proposition.

Tyro monetizes primarily through transaction-based payment processing fees on card volume, recurring terminal rental subscriptions, business banking deposit/lending economics (interest margin on transaction account balances, term deposits and Flexi Loan interest), and eCommerce/Payment Links transaction fees. Distribution is hybrid: self-serve online onboarding (under 2 minutes via the website), inside sales on 1300 00 8976, an enterprise field sales team for franchise and corporate accounts, and a Partner Portal that onboards merchants through 450+ POS/PMS resellers and software partners. In H1 FY2026, gross profit was AUD 230M (+5% YoY), EBITDA A$39.5M (+19.8% YoY, 33.6% margin), free cash flow A$13.6M (+52% YoY), and statutory profit A$17.7M (+72% YoY); ASX market cap stood at A$446.64M as of June 2026.

Name

Tyro Payments

Legal name

Tyro Payments Limited

Website

https://tyro.com

Company type

Public

Founded year

2003

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Tyro Payments (ASX: TYR) is an Australian fintech providing integrated EFTPOS, eCommerce, business banking, lending and accounting solutions to 76,000+ Australian SMEs across hospitality, retail, health and other verticals, anchored by Tyro Connect and 450+ POS integrations.

Ownership category

akta.pro rank

Product category

Merchant Payment Processing

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Functions Related To Depository Banking, Nec (6099)

akta.pro primary industry

Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure (FSAGABAE)

akta.pro secondary industry

Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB)

Keywords

• Payment processing services
• EFTPOS terminals
• Merchant acquiring
• Business banking solutions
• SME lending platform

Headquarters

HQ city

Sydney

HQ country

Australia

HQ region

Oceania

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales, Supply Chain

Revenue model

1. Payment Processing Transaction Fees: Revenue from processing card payments (EFTPOS, Visa, Mastercard, American Express, etc.) through Tyro terminals. Merchants pay transaction fees based on payment volume processed.
2. Terminal Rental: Monthly rental fees for EFTPOS terminals including Tyro Pro Touch, Tyro Pro Lite, and Tyro BYO App solutions.
3. Business Banking Services: Revenue from Tyro Transaction Account, term deposits, and related banking services. The Tyro Bank Account offers fee-free interest-bearing settlement accounts.
4. Business Lending (Tyro Flexi Loan): Interest income from fast business loans up to $400,000, with same-day approval and funding. Credit check and personal guarantee required.
5. eCommerce and Online Payments: Fees from online payment processing through Tyro eCommerce, Payment Links, and tokenization services.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels7 records

Core offering

Tyro Payments is an Australian fintech that provides integrated payment acceptance, business banking, and lending products to Australian businesses. Its core offerings include EFTPOS terminals (Tyro Pro Touch, Tyro Pro Key, Tyro Pro Lite, and the Tyro BYO App), online payment processing through Tyro eCommerce and Payment Links, the Tyro Transaction Account with same-day seven-day settlement, Tyro Flexi Loans and Business Term Deposits, and the recently acquired Tyro Accounting platform (formerly Thriday). These offerings are unified through the Tyro Connect integration hub, which links to 450+ Point of Sale and Property Management Systems.

Product overview

Tyro Payments is an Australian fintech company offering an integrated payments and banking platform for businesses. The core product portfolio includes EFTPOS hardware solutions (Tyro Pro Touch, Tyro Pro Key, Tyro Pro Lite, Tyro BYO App), online payment processing (Tyro eCommerce, Payment Links), and business banking services (Tyro Transaction Account, Tyro Flexi Loan, Tyro Business Loan, Term Deposits). Following the acquisition of Thriday, Tyro added Tyro Accounting for SME financial management including automated invoicing, cashflow management, and tax planning. The platform is unified through Tyro Connect integration hub and serves multiple industries including hospitality, retail, health, trades, automotive, accommodation, and not-for-profit sectors. Tyro powers approximately 76,000 Australian businesses with 99.99% payment acceptance availability.

Differentiator

Problem solved

Functional benefit

Products and services

• Tyro Pro Touch

Quantifiable outcome

• 99.99% payment acceptance availability based on historical system availability measured over past three calendar years
• +6 more outcomes

Named customers10 records

Segments10 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

AI capability6 records

Feature7 records

Partnerships

Five partnerships are on record, tiered core and minor.

• ThridaycoreStrategic or Co-development Partner · 15 December 2025Acquisition completed to integrate Thriday's AI-powered financial management platform for SMEs into Tyro's offerings. This creates an integrated cashflow management solution combining payments, banking, and accounting. Thriday CEO Michael Nuciforo and team joined Tyro upon deal completion in January 2026.
• XerocoreTechnology or Integration · 11 September 2025Xero integration provides seamless reconciliation with integrated bank feeds, enabling Tyro merchants to automatically sync transactions with their Xero accounting software. Also supports Xero Payroll for batch payments and recurring transactions.
• BPAYcoreTechnology or Integration · 11 September 2025BPAY payment scheme integration enables Tyro Bank Account holders to schedule recurring or batch payments through BPAY. Tyro holds BPAY trademark license from BPAY Pty Ltd ABN 69 079 137 518.
• Medipass SolutionsminorStrategic or Co-development Partner · 10 May 2021Acquired Medipass Solutions, a digital health payments platform based in Melbourne, in a deal valued at $22.5 million. Included Medipass's platform and 20-person team, completed within the month of May 2021.
• 450+ POS/PMS Software PartnerscoreTechnology or IntegrationExtensive ecosystem of Point of Sale and Property Management System integrations through Tyro Connect. Partners include major POS vendors whose merchants are referred or onboarded to Tyro for payment processing.

Scale indicators14 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Zeller: Australian payments and business banking fintech serving SMEs with EFTPOS terminals, transaction accounts, and integrated payments. Closest direct competitor to Tyro, serving overlapping hospitality, retail, and services verticals in Australia.
• Square (Block): Global payments fintech offering EFTPOS-style hardware, online payments, banking, and lending to SMEs. Competes with Tyro in Australia through Square Reader, Square Terminal, and integrated Square Banking, with comparable SMB-focused value proposition.
• Stripe: Global online payments and fintech infrastructure provider. Direct competitor in Tyro's eCommerce and online payments segment, serving Australian merchants with comparable developer-led API and growing offline ambitions.
• Pin Payments: Australian online payment processor focused on SMEs and platforms, competing with Tyro's eCommerce and Payment Links offerings. Comparable pricing model and developer-led positioning in the Australian market.
• Windcave: New Zealand-headquartered payment processor offering EFTPOS, online, and unattended payments across Australia and New Zealand. Closest trans-Tasman competitor with overlapping merchant-acquiring functionality.

Broad incumbents

• Adyen: Global payments platform serving enterprise and platform merchants with unified online, in-store, and platform payments. Competes with Tyro for mid-market and enterprise merchants seeking single-acquirer omnichannel rails.
• Westpac: Major Australian bank with merchant acquiring and business banking products. A Westfield-adjacent enterprise customer of Tyro is also a Westpac client, illustrating the head-to-head competition in large-venue payments and banking.
• Commonwealth Bank (CommBank): Australia's largest bank, offering merchant acquiring, EFTPOS, business banking, and lending to SMEs. Competes with Tyro across the full payments-banking-lending stack but as part of a much broader consumer and institutional franchise.
• National Australia Bank (NAB): Major Australian bank offering merchant services, business banking, and lending. Previously backed Thriday before its sale to Tyro, making NAB a relevant incumbent competitor across payments and SME banking.

Emerging players

• Airwallex: Australia-founded cross-border payments and business banking platform. Comparable in offering multi-currency accounts and payment APIs, but focused on international rather than domestic EFTPOS, making it a partial-overlap emerging competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCxhgpaX7sEqQmXbiRWPqhmA
• Facebookfacebook.com/tyrolimited
• LinkedInlinkedin.com/company/tyro-payments
• Instagraminstagram.com/tyropayments
• TikToktiktok.com/@tyropayments
• Xx.com/tyropayments

Revenue estimate

Valuation estimate

Number of profiles

Profiles19 records

Subsidiaries2 records

Funding overview

Funding rounds18 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Tyro Payments