26% compared to the prior year. In the first half of Financial Year 2017, Tyro processed $5.3 billion in payments, a growth rate of 23%, and generated revenue of $59 million, a growth of 28%. Tyro's employee base grew by 40% to 344 people. In February 2017, Tyro became the first bank to implement payments via Siri. At the same time, Tyro announced a partnership with Afterpay. On 22 July 2020, the share price of Tyro Payments Ltd is down by 4.17%, after the payment processing provider published the new amounts of transactions. As of 17 May 2022, the share price is $1.08, down 70% over the preceding 12 months. Strategy Tyro self-describes its strategy to compete with the major banks as "nextgen banking" focusing on Small and Medium Enterprises (SMEs). As part of that, Tyro is lobbying for a more open data exchange in the traditional banking industry. Tyro is a regular contributor to the national discussion of financial services regulation and it participates on the Prime Minister's advisory panel. On 1 April 2017, Tyro received the authority to call itself a "bank." Awards Tyro has been awarded "Deloitte Technology Fast 50" in 2012, 2013, and 2014; "Deloitte Fast 500 Asia Pacific" in 2012, 2013, 2014, and 2015; "BRW Fast 100" in 2010, 2011, 2012, and 2013. In 2016 Tyro was named "43rd most innovative fintech in the world" by the KPMG H2 Fintech100 survey. Also in 2016, Tyro's founders won the "2016 NSW Pearcey Tech Entrepreneur of the year" award. See also Afterpay References External links Official website 2003 establishments in Australia Banks established in 2003 Financial services companies established in 2003 Financial services companies based in Sydney Neobanks