Why it matters: Investors have been battered Tyro shares since Potentia walked from its takeover offer in May.
But the company went to market with its new strategy on Wednesday.
CEO Jon Davey said the market was starting to regain confidence in Tyro.
Tyro chief executive Jon Davey says the payment provider’s new strategy will restore market confidence in the business after a drawn-out and, ultimately, doomed private equity takeover fight led to a plunge in its share price earlier this year.
The strategy, which the company revealed to investors on Wednesday, hinges on Tyro’s ability to push into new segments alongside its healthcare play and grow its small banking arm to contribute 20 per cent of gross profits by 2027.
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Lucas Baird is a journalist based in The Australian Financial Review's Sydney office. Connect with Lucas on Twitter. Email Lucas at lucas.baird@afr.com
