PaySauce Quarterly Market Update – Jun 2022

PaySauce maintains strong growth trajectory at
86% YoY
Lower Hutt, New Zealand - 6 July 2022
Employment fintech PaySauce (NZX:PYS) has seen continued strong growth for
the quarter with recurring revenue up 86% year on year (YOY) and Annualised
Recurring Revenue (ARR) up to $4.94m (69% increase YOY).
CFO Jaime Monaghan said that the results were driven from all three key metrics:
customer growth, average processing fees and interest income earned on the
float.
“The sales in the quarter to June are historically underpinned by customer growth
from the dairy sector. This was true again this year, however it’s notable that we’re
attracting many more customers from other rural sectors, as well as in hospitality
and construction.”
“It’s also rewarding to see customers deepening their relationships with us with
increasing numbers seeing the value that our Premium subscription offers. This,
and the rising interest rate environment are driving up the Average Revenue Per
User”
KEY YEAR-ON-YEAR PERFORMANCE HIGHLIGHTS FOR THE QUARTER
●
Recurring revenue of $1.17M (86% increase YOY)
●
Processing fees (PaySauce and SmoothPay) of $1.03M (72% increase YOY)
●
ARR of $4.94M (69% increase YOY)
●
Active customers at end of period 6,514 (24% increase YOY)

Recurring revenue was up 86% year on year, primarily from processing fee
revenue (including SmoothPay) surpassing $1M in the quarter (Up $431k: 72%
YoY).
Growth from interest revenue also increased substantially, up $108k (348%) as the
float held on behalf of customers increased $5.2M (42% YoY). As a PAYE
intermediary, PaySauce can invest those funds to receive interest revenue and
this is included in PaySauce’s Recurring Revenue. Due to the rapidly rising
interest rate environment, term deposits which matured during the quarter were
reinvested at significantly higher interest rates.
ABOUT PAYSAUCE
PaySauce is a SaaS fintech platform providing solutions for people at work in 14
jurisdictions across the Asia-Pacific region. We give employers the technology to
digitally onboard, pay and manage employees from any device. Our platform
includes rosters, mobile timesheets, payroll calculations, banking integration,
automated payments, PAYE filing, labour costing, automated general ledger
entries and digital employment contracts.
www.paysauce.com