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tyro.com

Founded Year

2003

Stage

IPO | IPO

Total Raised

$72.27M

Date of IPO

12/6/2019

Market Cap

0.52B

Revenue

$0000 

About Tyro

Tyro (ASX: TYR) is an independent EFTPOS provider in Australia competing with the major retail banks, advocating and voicing the interests of the small business community. Tyro holds a banking authority to acquire credit and debit card transactions and does not take money on deposit.

Tyro Headquarters Location

Level 1 155 Clarence Street

Sydney, New South Wales, 2000,

Australia

+61 (0)1 300 966 639

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Research containing Tyro

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Tyro in 2 CB Insights research briefs, most recently on Jun 9, 2021.

Expert Collections containing Tyro

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Tyro is included in 5 Expert Collections, including Banking.

B

Banking

951 items

F

Fintech 250

498 items

S

SMB Fintech

1,145 items

P

Payments

2,323 items

Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.

F

Fintech

3,392 items

Excludes US-based companies

Latest Tyro News

Down 25% in six months, is the Tyro (ASX:TYR) share price now a bargain buy?

Dec 13, 2021

Tyro shares have declined significantly over the last six months. Is it a buy? Tristan Harrison has been a contributor to The Motley Fool since October 2016. He has an advanced diploma from the Association of Accounting Technicians (UK) and is currently studying to be a Chartered Institute Management Accountant. Tristan's goal is to help Australians learn about the great businesses listed on the ASX that will help grow their portfolio, wealth and confidence about investments over the long term. He's a keen tennis fan and can't wait for the next Australian Open to roll around. You can view Tristan's holdings here . Latest posts by Tristan Harrison ( see all ) Image source: Getty Images The Tyro Payments Ltd (ASX: TYR) share price has had a tough time in recent months. But could the payments business be a buy? Since the start of 2021, Tyro shares have fallen around 14%. But over the last six months it has actually dropped by 25%. Why is the Tyro share price suffering? Whilst only the sellers of Tyro shares know why they sold at the price they did, Jun Bei Liu from Tribeca had a go at explaining what might be going on in an episode of Livewire . She put the blame on a recent update, with management not giving enough details about the contract with Bendigo and Adelaide Bank Ltd (ASX: BEN) regarding the margins and so on. Jun Bei Liu also noted that numerous unprofitable technology businesses have been sold off in recent times, with Tyro getting caught up in that. Other payment companies like Zip Co Ltd (ASX: Z1P) have dropped, it’s down 33% over the last six months and Afterpay Ltd (ASX: APT) is down 28% over the last four months. However, she decided to say that Tyro was a ‘hold’, rather than a buy or a sell, because earnings are still doing “well”, it’s recovering from lockdowns and there are expectations for significant growth. James Gerrish from Market Matters was more optimistic, saying the Tyro Payments share price was a buy, saying that the current issues are only short-term. He pointed out that the total transaction value is still increasing at a fast rate. Looking ahead for the next year, he sees potential. How fast is the company growing? As mentioned by Mr Gerrish, the business is still growing at a quick double digit pace. Tyro’s latest weekly update showed that December transaction value growth to 10 December 2021 was 40% to $1.17 billion. The FY22 year to date growth had been 30%, with the transaction value in the financial year so far being $13.5 billion. In a recent presentation, the business said it’s growing its annual transaction value at five times the speed of the total card payments in Australia. The payments business said it’s well positioned to continue to accelerate growth. Tailored payment solutions are attractive for merchants according to the business and drives transaction value growth. Looking at new merchant applications, each month between July 2021 to October 2021 showed at least 1,100 merchant applications. Management said that it has multiple growth levers to materially increase its market share over the medium-term. This may end up helping the Tyro share price in time as well. Tyro says that future growth drivers includes adding new verticals, increasing its share in existing verticals and increasing the share of its total addressable market. Operating leverage is expected to improve as the platform continues to scale, which will assist and underpin earnings before interest, tax, depreciation and amortisation (EBITDA) growth and margin expansion. Should you invest $1,000 in Tyro Payments right now? Before you consider Tyro Payments, you'll want to hear this. Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now... and Tyro Payments wasn't one of them. The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more. * And right now, Scott thinks there are 5 stocks that are better buys.

Tyro Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
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Tyro Rank

  • When was Tyro founded?

    Tyro was founded in 2003.

  • Where is Tyro's headquarters?

    Tyro's headquarters is located at Level 1, Sydney.

  • What is Tyro's latest funding round?

    Tyro's latest funding round is IPO.

  • How much did Tyro raise?

    Tyro raised a total of $72.27M.

  • Who are the investors of Tyro?

    Investors of Tyro include Tiger Global Management, Mike Cannon-Brookes and TDM Growth Partners.

  • Who are Tyro's competitors?

    Competitors of Tyro include Ezetap, mx51, Klarna, Previse, Pine Labs, Toast, GoCardless, Till Payments, Veem, Handle Financial and 18 more.

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