Tyro Payments Limited (ASX:TYR) is looking for acquisitions. Praveenesh Pala, Chief Financial Officer said, "We will deploy this capital towards maximizing our competitive advantage, other than growing both our banking and payments businesses. We will be building products and features that increase customer stickiness and therefore, lifetime value.
We'll be investing to increase our delivery velocity and realize the scale benefits from our technology. We will consider forming partnerships and evaluating possible acquisitions that defend our customer base and lower our cost to acquire and cost to serve. We believe this strategy will provide attractive and sustainable returns to our shareholders".