Australia’s business-only bank and EFTPOS provider, announced today it has raised $100 million from Tiger Global Management in New York, TDM Asset Management in Sydney and Australian technology entrepreneur Mike Cannon-Brookes to fund the next stage of its ambitious growth strategy.

Tiger Global is one of the leading technology investors in the world, while Mike Cannon-Brookes incredible success as the founder of Atlassian further showcases the quality of TDM’s co-investment partners. We look forward to partnering with Tyro for many years to come and are excited by the growth opportunity it presents as it disrupts the SME banking market.

For the full announcement. please click here.