Australian financial tech company Tyro Payments plans to challenge the country’s leading retail banks after scoring AUD $100 million (about $72 million) in funding from Tiger Global, TDM Asset Management, and Atlassian co-founder Mike Cannon-Brookes. Founded in 2003 to enable point-of-sale debit and credit card payments, Tyro Payments currently works with 14,000 Australian businesses and processes over AUD $8 billion in transactions each year. Now Tyro Payments is turning its ambitions to banking after becoming the first Australian tech company to receive a banking license from the Australian Prudential Regulatory Authority. Tyro Payments plans to compete with the top four retail banks in Australia: Commonwealth Bank, Westpac, Australia and New Zealand Banking Group, and National Australia Bank.

http://techcrunch.com/2015/11/29/tyro-payments/