Tyro Payments Limited (Tyro) is an Australian financial "fintech" institution (neobank) specialising in merchant credit, debit and EFTPOS acquiring. History Tyro was founded in 2003 by Peter Haig, Andrew Rothwell and Paul Wood as MoneySwitch Ltd. Tyro was the first new entrant into the Australian EFTPOS business since 1996. It was the second company in Australia to be granted a Specialist Credit Card Institution (SCCI) licence after GE Capital. In 2015, Tyro was granted a "banking licence", becoming an "Authorised Deposit taking Institution (ADI)". It was the first Australian technology company to be granted this licence by the Australian Prudential Regulatory Authority. In October 2016, Tyro appointed Gerd Schenkel, founder of UBank and Telstra Digital as its new CEO. Gerd resigned in June 2017. In January 2018, Tyro appointed Robbie Cooke as CEO. Cooke was formerly managing director of Tatts Group. In June 2022, Tyro announced the resignation of CEO Robbie Cooke concluding close to five years of leadership at Tyro. Following an executive search process, Tyro announced Jonathan (Jon) Davey was appointed as the new CEO with official commencement on October 3. Jon Davey had led Tyro’s health business unit, following Tyro’s acquisition of health fintech Medipass. In January 2021, Tyro experienced a terminal connectivity issue that impacted a limited number of its terminals. The issue was detected on the evening of 5 January 2021, and by 27 January 2021 Tyro reported that the only a limited number of merchants that were still impacted. In total, Tyro claimed that 70% of all of Tyro's merchants were unaffected by the incident, while 11% of merchants had at least one terminal fully functional at their business premises with the remaining 19% of merchants completely impacted. On 15 January Tyro requested a trading halt on its shares on the same day a short selling firm, Viceroy Research, published a report alleging that a large number of terminals were taken down. Tyro lodged a response to these claims to the Australian Securities Exchange on 19 January 2021, with Viceroy publishing a follow-up on 20 January 2021. Growth In 2012, Tyro exceeded $3.5 billion of card transaction volume. On 1 March 2016, Tyro completed an equity capital raising of $100,127,532.00 at a price per share of $1.0361 led by Tiger Global, TDM Asset Management, and Atlassian co-founder Mike Cannon-Brookes. In Financial Year 2016, Tyro grew to $8.6 billion of transaction volume, a growth of