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PayDay News | Australian Payments News

Tyro to fire up banking licence with new hire

Technology Reporter
3 Jun, 2026
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Alex Zaharov-Reutt
Technology Reporter
3 Jun, 2026
Add us as a preferred source on Google
Tyro has held a full banking licence since 2015, the first Australian tech company to get one. For most of the years since, it's barely used it. A new job ad, posted by a new CEO with a battered share price, is the clearest signal yet that the quietest asset on Tyro's balance sheet is about to be asked to earn its keep.
Tyro to fire up banking licence with new hire
Tyro CEO Nigel Lee says “our Head of Banking role is a rare opportunity to help shape the future of banking for Australian businesses as we continue growing Tyro’s banking capabilities.”

Tyro has held a full banking licence since 2015, the first Australian tech company to get one. For most of the years since, it's barely used it. A new job ad, posted by a new CEO with a battered share price, is the clearest signal yet that the quietest asset on Tyro's balance sheet is…

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