Andrew Rothwell co-founder and head of sales of payments provider Tyro is leaving the organisation to join Data Republic as Chief Operating Officer effective May 23rd.

Paul McCarney, Co-Founder and CEO of Data Republic, said they had been looking for someone with Rothwell’s expertise for a while.

“The Data Republic ecosystem is growing fast and as we prepare to scale, Andrew’s proven experience navigating tech innovation and growth in highly regulated environments will be invaluable. As our Chief Operating Officer, Andrew will take a lead role managing platform traction and customer success as well as streamlining operational procedures,” McCarney said.

Tyro said a new director of sales has been identified and an announcement is expected in coming weeks.

Tyro CEO Gerd Schenkel thanked Rothwell for his service over the last 14-years and for the significant contribution he had made to the business.

“Andrew’s passion for start-up businesses is infectious and he can be proud of the long-term shareholder value he has helped generate since co-founding Tyro in 2003, and we wish him every success for the future,” Schenkel said.

Rothwell said he was sad to leave Tyro after so many years, but felt the organisation was in good hands.

“When I co-founded Tyro Payments in 2003, I was determined to make a difference. We started with three people and today Tyro employs close to 400 people,” he said.

“My passion has always been in the start-up industry and Tyro has now successfully grown beyond that stage. I leave it in the capable hands of a strong management team.

“I am proud of what I have helped achieve in providing Australia’s SME community with a genuine alternative to the large banks.”

In October last year, former Telstra Digital Executive Director and UBank founder Gerd Schenkel was appointed Chief Executive Officer, with long-time CEO Jost Stollmann remaining with the company in a newly created Executive Director role.

In January, former PayPal executive Kareem Al-Bassam was appointed Tyro’s new Head of Product. Mr Al-Bassam has more than 15 years of experience in the global payments industry.

He founded PayPal Credit in Australia, with the launch of SMB Lending product, PayPal Working Capital. In its first two years of operation, PayPal Working Capital originated more than $100 million in loans in Australia.

Likewise, Tyro’s new Head of Marketing Natalie Dinsdale was also appointed in January, significantly strengthening Tyro’s management team.

Dinsdale has more than 17 years’ experience as an entrepreneur and marketer across a range of Australian and UK financial services challenger organisations, including Egg (UK’s 1st Online Bank), Virgin Money, UBank and Bankwest.

“It is exciting to be part of an organisation dedicated solely to giving SMEs a better deal,” Schenkel said.

Tyro is Australia’s only independent EFTPOS banking institution and is the first new entrant into the banking business in more than 18 years. On 1 April this year, Tyro was granted an unrestricted bank license, allowing it to offer deposit and loan products alongside its EFTPOS product.

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