SYDNEY – Australian payments firm Tyro Payments Ltd said on Monday it has agreed to acquire Thriday, a financial management platform for small- and medium-sized enterprises (SMEs) that uses artificial intelligence to automate workflows.
The acquisition, expected to be completed in January 2026 pending standard conditions, is part of Tyro’s strategy to bolster its banking and payments offerings. The deal will enable Tyro to accelerate the development of integrated cash-flow management tools aimed at reducing back-office tasks for its business 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,” said Tyro’s Chief Financial Officer and Acting CEO, Emma Burke.
Melbourne-based Thriday, founded in 2020, provides an all-in-one platform that automates invoicing, expense management, accounting, and banking for SMEs. Thriday CEO Michael Nuciforo and most of his team are expected to join Tyro upon completion of the deal.
Tyro, which serves over 76,000 merchants across Australia, said it would continue to pursue merger and acquisition opportunities that align with its growth strategy.