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Tyro Payments (ASX:TYR), the merchant payments provider, divides fund managers over whether value will be realised. In August 2026, Forager Funds said Tyro showed progress in its 2026 results but not enough to dispel the bear case, describing the coming year as pivotal, after earlier rating it a buy. Wilson Asset Management rated Tyro a sell, believing the board should have sold the business years ago when it had takeover offers. DMX noted a 21% recovery on speculation about corporate activity, and Spheria reported a 12% fall amid a payments sector sell-off. Tyro operates in the Financials sector within the Diversified Financial Services industry, and Thesis Tracker has captured 26 comments from 7 fund managers, including Forager, Wilson Asset Management, DMX and Spheria. Founded in 2003 and headquartered in Sydney, Tyro provides EFTPOS terminals, merchant acquiring, business banking and lending to small and medium businesses in Australia.
Company figures as of 15 Oct 2026. For information only.
Fund managers including Forager Funds, Jencay Capital, DMX Asset Management, Tamim Funds Management, Monash Investors, Wilson Asset Management and Spheria Asset Management have invested in Tyro Payments Ltd (ASX:TYR).
Forager sees Tyro as a value opportunity with progress in its results, and DMX notes renewed speculation about potential corporate activity.
Wilson Asset Management is sceptical after past takeover offers were rejected, Forager says the bear case has not been dispelled, and Spheria notes sensitivity to payments sector sell-offs and regulatory changes such as surcharging rules.
Tyro Payments Ltd., headquartered in Sydney, Australia, provides merchant credit, debit, and EFTPOS acquisition services. Founded in 2003 by Peter Haig, Andrew Rothwell, and Paul Wood, the company operates through two primary segments: Payments and Banking. The Payments segment facilitates electronic payment transactions for merchants, while the Banking segment offers merchant loans and specialized banking services. Tyro Payments focuses on delivering integrated financial technology solutions to support business operations.
General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.
11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.