Payments company Tyro, which raised A$300 million from its initial public offering last December, produced revenue growth in line with its prospectus forecast in the December half. Revenue was up 28 per cent to $117.3 million. Its prospectus included a forecast of revenue growth of 27 per cent for the full year.It produced some other strong results. Merchant numbers grew 23 per cent to 32,450 and the number of terminals in operation grew 26 per cent to 58,993. Tyro claims to be the fifth largest merchant acquiring bank in Australia.Other highlights included a 30 per cent increase in the value of transactions processed by Tyro merchants - up from $8.5 billion in the December 2018 half to a record $11.1 billion in the latest half.It is using the proceeds of the float to develop new products and services, including trialling an e-commerce solution which allows merchants to use Tyro to process in-store and online payments.It is also trialling a fully integrated Alipay solution.Tyro chief executive Robbie Cooke said in a statement: "We are gaining traction by providing functionality and features that merchants want, such as being the first bank to provide cost savings available from least cost routing."The company made a loss of $19.2 million in the six months to December. The bottom line number included the cost of its initial public offering and ASX listing in December. The loss before IPO costs was $9 million.The company focused on its EBITDA, which was $1.5 million for the half, compared with a loss of $3 million in the previous corresponding period.