YBF Ventures takes over Tyro Fintech Hub in Sydney

YBF Ventures takes over Tyro Fintech Hub in Sydney

Melbourne-based tech and innovation hub, YBF Ventures is pleased to announce it will be taking operational control and ownership of the Tyro Fintech Hub on Clarence Street in the heart of Sydney’s CBD.

As part of the agreement, Tyro will become a corporate partner of YBF, ensuring the two companies continue to focus on innovation. This will be YBF’s second location and will build upon the success of YBF Melbourne which has helped startups to scale, scaleups to succeed, and corporates to innovate since 2011.

YBF Sydney, as the hub will be named, will transition from 1 July 2019 and will shift from solely fintech to encompassing tech startups and scaleups of all verticals: fintech, Web 3.0, legaltech, artificial intelligence (AI), machine learning (ML), cybersecurity, and immersive experience technology.

The acquisition of a coworking space called Teamsquare, which YBF transformed into an innovation hub in 2018 under the YBF Melbourne moniker, increased YBF’s Melbourne headquarters to 3,100 square metres with 400 desks. The opening of YBF Sydney increases YBF’s Australian footprint by an additional 150 desks.

As with YBF Melbourne, YBF Sydney will implement inspiring community events, will maintain its strong focus on diversity and will forge partnerships with corporates, government and educational institutions, linking all the key tech ecosystem players in both cities.

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Source: YBF Ventures takes over Tyro Fintech Hub in Sydney | Mirage News