(16 December 2025 – Australia) Business bank and payments services provider Tyro will acquire accounting platform Thriday, adding new invoicing, cashflow management, and tax planning services to the ASX-listed company.
Tyro announced the deal on Monday, declaring the Thriday acquisition will expand upon its existing banking and payments products.
The deal will help Tyro build its “all-in-one cash-flow management” solutions, according to the company.
The terms of the deal were not disclosed.
Tyro CFO and acting CEO Emma Burke called the acquisition a “great win” for the business.
“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,” she said, in a statement shared with the market.
Tyro “shares our commitment to innovation and customer-focused product design,” said Thriday co-founder and CEO Michael Nuciforo.
“We look forward to helping Tyro accelerate the delivery of customer solutions that help Australian businesses run smarter and grow faster.”
Nuciforo and the majority of Thriday staff are expected to stay on with Tyro, with the deal scheduled for completion in January 2026, pending customary conditions.
Founded in 2003, Tyro is one of Australia’s largest EFTPOS providers outside of the big four banks, servicing some 71,000 businesses nationwide.
Thriday, founded by Nuciforo and Ben Winford in 2020, helps small businesses and sole traders manage invoices, access Visa debit cards and transaction accounts issued by Regional Australia Bank, and file BAS statements come tax time.
It also uses an artificial intelligence system to forecast tax liabilities, find potential deductions, and track changing tax regulations.
The deal arrives as the Reserve Bank of Australia considers reforms that could ban surcharges on card payments.
If enacted, such a ban would change the way platforms like Tyro earn revenue from merchant customers.
While Tyro currently allows surcharging, it broadly supports the RBA’s preferred plan to ban surcharging on designated debit, credit and prepaid card networks.
Thriday’s own website lays out the potential case for the Tyro deal, and the expansion of its product offering.
“Tyro is a listed bank with a focus on merchant terminals,” according to Tyro’s own product comparison.
“Tyro does not provide any features to assist small businesses with managing their financial admin.”
Source: Smart Company