Tyro Payments has flagged that it has made a “very strong” start...

Tyro Payments has flagged that it has made a “very strong” start to the 2023 financial year. Results from Tyro’s payments business to October 31 are trending towards the top end of guidance for all operating metrics provided on October 10, the company said. The transaction value for the period was $14 billion, up 52 per cent on the corresponding prior period. In its banking business, loan originations increased 137 per cent to $48.7 million. Group gross profit for 2023 financial year-to-date was $61.9 million, 57 per cent higher than the previous corresponding period. EBITDA for the period was $10.4 million and operating leverage was at 83 per cent.