Tyro Payments Limited (ASX: TYR) has agreed to acquire Thriday, an AI-powered financial management platform for SMEs that streamlines invoicing, expense management, accounting and banking workflows.
The deal supports Tyro’s strategy to grow its banking and payments capabilities and is expected to fast-track its rollout of integrated, all-in-one cash-flow management solutions aimed at reducing back-office friction for customers.
“Combining Thriday’s smart automation and financial tools with Tyro’s payments and banking capabilities will deliver a more complete and powerful solution for our customers and a platform for further software-driven innovation," Tyro CFO and acting CEO, Emma Burke, said.
“We see the acquisition of Thriday as a great win for our business and our customers and we will continue to pursue M&A opportunities that are aligned with our growth strategy.”
Thriday CEO, Michael Nuciforo said: “We are excited to join Tyro, a company that shares our commitment to innovation and customer-focused product design. We look forward to helping Tyro accelerate the delivery of customer solutions that help Australian businesses run smarter and grow faster.”
Completion of the transaction is expected in January 2026, subject to customary conditions, with most of Thriday’s team – including CEO Michael Nuciforo – expected to transition to Tyro.