SmartPay Holdings Limited ( (DE:KX2) ) has issued an update.
Tyro Payments Limited has announced its withdrawal from the acquisition process of Smartpay Holdings Limited after Smartpay entered an exclusivity agreement with another party. The decision came before Tyro could complete its due diligence and update its merger proposal, impacting Tyro’s strategic expansion plans and potentially altering competitive dynamics in the payment solutions industry.
More about SmartPay Holdings Limited
Tyro Payments Limited is a company that specializes in providing payment solutions to over 73,000 merchants across Australia. It offers in-store, online, and mobile payment services, working with over 700 partners to support industries such as hospitality, retail, services, and health. Tyro also provides integrated banking and lending solutions to help businesses maximize their potential.
YTD Price Performance: 29.65%
Technical Sentiment Signal: Buy
Current Market Cap: €107.5M
See more insights into KX2 stock on TipRanks’ Stock Analysis page.