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Me&u launches a new AI-powered reservations platform to compete with Resy and SevenRooms, targeting profitability in 2026 after merging with Mr Yum.
Corporate / CVC · 1 deal
Tyro Payments
Sydney, NSW
Disclosed deals
Every published round Tyro Payments took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| Paypa Plane | Series A | 3 Apr 2023 | $10m | Participant | Startup Daily (Wed 26 Jul 2023), SmartCompany, Women's Agenda, Australian FinTech, Startup Daily (Fri 31 Mar 2023), Business News Australia, paypaplane.com, Sprint Ventures portfolio |
Portfolio
Companies Tyro Payments has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Paypa Plane | 3 Apr 2023, Series A | 1 | 0 |
Funds
Fund closes reported for Tyro Payments, as distinct from the investments it has made.
Portfolio companies acquired
Companies Tyro Payments has backed that another company then bought. An exit for the holding, not a deal Tyro Payments did.
| Company | Bought by | Kind | Announced | Price |
|---|---|---|---|---|
| No portfolio company of Tyro Payments is recorded as having been acquired. | ||||
Who bought Tyro Payments
The transaction that ended Tyro Payments's run as a startup, per published coverage. It closes the funding history too, where it is the ladder's last rung.
| Bought by | Kind | Announced | Price | Sources |
|---|---|---|---|---|
| - | IPO | 6 Dec 2019 | $280m | Startup Daily (Tue 16 Dec 2025), Startup Daily (Fri 6 Dec 2019), Startup Daily (Fri 6 Dec 2019), Startup Daily (Mon 2 Dec 2019), Startup Daily (Thu 21 Nov 2019), Startup Daily (Wed 20 Nov 2019) |
What Tyro Payments bought
Companies Tyro Payments acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Company | Kind | Announced | Price | Sources |
|---|---|---|---|---|
| Thriday | Acquisition | Jan 2026 | - | Startup Daily, Australian FinTech |
| Medipass | Acquisition | 17 May 2021 | $22.5m | SmartCompany, Startup Daily (Mon 17 May 2021), Startup Daily (Tue 11 May 2021) |
Funding history
-
IPO : $287,200,000
Shares sold by holders
Existing Tyro Payments shares sold by the funds and people who held them. None of this money reached Tyro Payments, and none of it counts in what Tyro Payments raised.
| Sold by | Announced | Amount | Valuation | Bought by | Sources |
|---|---|---|---|---|---|
| Ellerston | Mar 2020 | - | - | Ellerston Capital portfolio, Startup Daily (Mon 2 Dec 2019), Startup Daily (Thu 21 Nov 2019), Startup Daily (Wed 20 Nov 2019) |
Investors
Every investor coverage indicates participated in a round Tyro Payments raised.
People
Coverage
Stories naming Tyro Payments. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Funding announcement
Meet our Winter 26 Accelerator cohort
Startmate unveils its incoming Winter '26 accelerator intake, profiling AI, aerospace, legal tech, construction and healthcare startups founded across Australian cities, with others based in San Francisco and Christchurch.
Funding announcement
Cheque-in: four ANZ startups raised $307.1 million in mid-January
Roundup of four ANZ raises: a Queensland rocket company's nine-figure Series E, a New Zealand legal-AI firm's Series B, a seed round for AI code-security, and a Melbourne construction-software raise.
8 deals
Four ANZ startups that raised $307.1 million this week
Roundup of four ANZ raises totalling over $307m: Gilmour Space's Series E, Ivo's Series B, Dam Secure's seed round and SPEC Toolbox's pre-Series A, plus a board appointment at Dam Secure.
Seed
$6.1m
Dam Secure raises $6.1 million to tackle AI code security risks
AI code security startup Dam Secure has closed an oversubscribed $6.1 million seed round led by Paladin Capital Group, with several tech executives investing, to grow its Australian R&D team and build a US sales presence.
Also Startup Daily·Forbes Australia·SmartCompany·Forbes Australia
2 deals
ASX-listed payments platform Tyro is buying NAB-backed rising star fintech Thriday
ASX-listed Tyro is acquiring AI financial-admin startup Thriday for an undisclosed sum, with the deal tipped to close in January 2026. Thriday cofounder and CEO Michael Nuciforo will move across to Tyro.
Also Australian FinTech
Key hire
Shift appoints Praveenesh Pala as Chief Financial Officer
Business lender Shift has named Praveenesh Pala, previously CFO at Tyro Payments, as its Chief Financial Officer with immediate effect, bringing two decades of financial services experience as the company scales.
5 deals
Five ANZ startups that raised $38.5 million this week
Weekly roundup detailing five raises across Australian and New Zealand startups — Hapana, Kinoxis Therapeutics, Appetise, Bike Matrix and Aglow — worth a combined $38.5 million, naming lead investors and planned expansion for each.
2 deals
Ex-Arm chief announced as new Silicon Quantum Computing Chair
Quantum computing firm SQC names Simon Segars as chair and Fiona Pak-Poy as director; the article also recalls its $83m seed round and $50.4m Series A.
Seed
$1.2m
Open banking startup Adatree acquired by payments fintech Fat Zebra
Payments firm Fat Zebra has acquired open-banking platform Adatree, price undisclosed, with all staff moving across; the piece also recalls Adatree's 2021 seed round and the sector's slow consumer-data-right progress.
Also Fintech News Australia·Australian FinTech·Fintech News Australia·Fintech News Australia
2 deals
Queensland govt, Mastercard back fintech Paypa Plane in $10 million Series A
Brisbane payments startup Paypa Plane closed a $10 million Series A led by QIC with Cuscal, Mastercard and Sprint Ventures; Commonwealth Bank earlier took a 20% stake, and two new directors joined the board.
Also Startup Daily·SmartCompany·Australian FinTech·Women's Agenda·Business News Australia
2 deals
Paypa Plane bags $10m in Series A backed by Mastercard
Brisbane payments fintech Paypa Plane has secured a $10 million Series A led by QIC, with Mastercard, Cuscal and Sprint Ventures joining earlier backers CBA and Tyro, funding hiring and US expansion.
Also Startup Daily·SmartCompany·Australian FinTech·Startup Daily·Women's Agenda
2 deals
Multi-award-winning fintech Adatree successfully closes second funding round
Australian Consumer Data Right platform Adatree closed an oversubscribed second funding round, drawing re-investment from existing backers and new investors including Aconex's co-founders' family offices and MoneyPlace's founder.
Also Techboard
News
Adam Schwab: Nitro rejects $400 million Potentia offer despite rising costs and recorded losses
Potentia's $400 million takeover approach for ASX-listed software firm Nitro was rejected, with the column examining Nitro's widening losses, executive pay, and Potentia's separate pursuit of payments company Tyro.
Series B
$25m
Investment notes: Athena AU$25m Series B
Square Peg explains its rationale for leading Athena's Series B, joined by Hostplus and Airtree, with analysis of the Australian mortgage market, the challenger lender's model, and its founding and senior team.
Also Startup Daily·Australian FinTech·SmartCompany·SmartCompany·SmartCompany·Startup Daily·Startup Daily·Crunchbase News
Key hire
Australian blockchain startup Block Earner hires Apurva Chiranewala to bring DeFi to the masses
Block Earner appoints Apurva Chiranewala as general manager, with other senior hires named, as the blockchain fintech prepares to launch its decentralised finance platform for Australian consumers.
Unnamed stage
$40m
US investment giant Tiger Global leads $40 million raise into Australian-based digital broker Stake
Tiger Global led a $40 million round into Stake, an Australian zero-brokerage trading platform, with DST Global partners joining. Previously bootstrapped, the company will use the capital to expand internationally.
Also SmartCompany·Startup Daily·Startup Daily·SmartCompany·Startup Daily·Australian FinTech
4 deals
Ignition Lane's Weekly Wrap: Airwallex's culture concerns, CSIRO's $100m plan, crypto trolls
Ignition Lane's weekly roundup reports Tyro buying Medipass, several startup raises, ASX listings, Hey Tiger shutting down, Airwallex culture complaints, CSIRO's technology spending plan, and Musk's bitcoin antics.
Also Startup Daily
Exit / M&A
Payments platform Tyro buys medical fintech startup Medipass
ASX-listed payments company Tyro is acquiring Melbourne health payments startup Medipass for $22.5 million, mostly cash, giving its backer NAB Ventures and the founders an exit while they stay on.
Seed
$1.2m
Adatree closes oversubscribed Seed Funding Round
Open banking platform Adatree has closed a $1.2 million seed round, nearly three times oversubscribed, with investors including Tyro figures, Equity Seed, Eleanor Ventures' founders and Angus McBean joining its share register.
Also Startup Daily·Cut Through Venture·Startup Daily·SmartCompany·Startup Daily·Australian FinTech
News
Credit Clear plans ASX listing and $15 million IPO
A Melbourne debt-recovery fintech says it will push ahead with a planned sharemarket float and offering, which would value it at several times revenue, as pandemic conditions boost demand for digital bill collection.
Unnamed stage
$100m+
Investing in private assets is ‘way to go’: Odell
Ellerston Capital's JAADE private assets fund, co-led by ex-Aristocrat CEO Jamie Odell, reports a strong first year and ambitions to raise up to $500m; its holdings include Mable, Camms and SiteMinder.
Unnamed stage
Westpac backs mx51 to tackle global payments invasion
Westpac is backing mx51, a payments spin-off from Assembly Payments, to compete with global payments providers and Tyro, using open architecture supporting systems including Afterpay and Zip.
Also Startup Daily
Exit / M&A
Openpay is the latest buy now pay later fintech to list on the ASX – and its shares slumped
Melbourne BNPL fintech Openpay listed on the ASX, raising $50 million at $1.60 a share for a $150 million market cap, with shares falling below the issue price on debut.
Exit / M&A
IPO Watch: Profitable lender MoneyMe is the latest fintech to join the ASX
Personal lender MoneyMe lists on the ASX, with most staff investing in the IPO. Founder Clayton Howes says the listing aids expansion, while other 2019 fintech listings saw strong gains.
Series B
$8m
UberEats in reverse: Dining-out platform me&u bags $8 million from laundry list of high-profile investors
Dining-tech firm me&u has closed an $8 million series B to fund a countrywide rollout, with Merivale's Justin Hemmes and Tyro's Robbie Cooke among new backers; founder Stevan Premutico earlier sold Dimmi to TripAdvisor.
Also SmartCompany·SmartCompany
Exit / M&A
The Tyro float: what you need to know
Tyro has lodged prospectus documents for a December ASX listing seeking roughly a quarter of a billion dollars, part of it existing shareholders selling down, with the article detailing financials, valuation range and offer timetable.
Also Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily
News
Tyro, Carbon Revolution forge ahead with IPOs
Two Australian companies press ahead with planned year-end ASX floats despite a run of collapsed listings, with fund managers commenting on IPO valuations, private equity sell-downs and market conditions.
News
Tyro Payments appoints Morgan Stanley on $1.5 billion-plus ASX listing
Tyro Payments has informally appointed Morgan Stanley as it prepares for a possible ASX listing, reportedly seeking a large valuation with a substantial raising, though no deal is agreed and other banks remain in talks.
News
Business bank Tyro considering ASX listing
Tyro has told investors it is investigating a possible move to an ASX-listed structure, potentially within 18 months, but stresses no decision has been made and several conditions must first be met.
Series A
$10m
Paypa Plane welcomes Mastercard, QIC and Spirit Ventures to the Shareholder list
Payment firm Paypa Plane says Mastercard, Cuscal, Sprint Ventures and Queensland's Business Investment Fund joined its $10 million Series A, with QIC managing the investment and Commonwealth Bank and Tyro already backing it.
Also Business News Australia·Startup Daily·Australian FinTech·SmartCompany·Startup Daily·Women's Agenda