Aussie fintech Tyro (formerly Tyro Payments) has announced its acquisition of Melbourne-based SME financial management platform Thriday for an undisclosed amount.
The deal is subject to customary closing conditions and is expected to be completed in January 2026.
Founded by Michael Nuciforo and Ben Winford in 2020, Thriday was built to act as “the financial operating system of a business”, the company says, combining invoicing, banking, accounting, and tax in one place and utilising AI to help business owners automate and streamline financial admin tasks.
Tyro says its acquisition of Thriday aligns with its strategy “to expand its banking and payments capabilities” and will enable the company to “reduce back-office friction for its customers” as it works towards creating an all-in-one cashflow management solution for businesses.
Established in Sydney in 2003, Tyro powers more than 76,000 merchants with in-store, online, and on-the-go payment solutions, supporting businesses across the hospitality, retail, services, and health sectors.
In 2019, the company rebranded from Tyro Payments to Tyro to reflect its expansion beyond just payments and into the banking and lending sectors as well.
Earlier this year, it was announced that Jon Davey would be stepping down from his role as CEO of Tyro following a three-year tenure. He is to be succeeded by Nigel Lee, effective 12 January 2026, with CFO Emma Burke filling the role in the interim.
Source: https://www.fintechfutures.com/
