Business
‘Woefully inadequate’: Tyro faces legal proceedings as outage problems grow – Sydney Morning Herald
In an update to the Australian Securities Exchange on Wednesday Tyro reported the outages had impacted 30 per cent of its customers.
“Some businesses have been left with the woefully inadequate situation of accepting cash payments only, losing essential revenue,” Bannister Law said in a statement. “In this difficult time, they require every cent to survive and pay their overheads.”
Tyro listed on the Australian Securities Exchange in December 2019 with former Telstra chief executive David Thodey as chair and Robbie Cooke as chief executive and was valued at $1.4 billion on debut.
The fintech’s share price has fallen from $3.34…
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