PaySauce Quarterly Market Update – Jun 2023

PaySaucedrivesrecordARRof$7m,up41%YoY
LowerHutt,NewZealand-6July2023
EmploymentsolutionsfintechPaySauce(NZX:PYS)announcesa41%yearonyear
(YoY)increaseinAnnualisedRecurringRevenue(ARR)to$7Mforthequarterto
June2023.Thecompanycontinuedtoreinvestrevenuegrowthbackintothe
businessasitbuildsforscaleandpreparesforexpansionintoAustralia.
KEYYEAR-ON-YEARPERFORMANCEHIGHLIGHTSFORTHEQUARTER
●
Recurringrevenueof$1.73Mforthequarter(Up48%YOY)
●
Processingfeerevenueof$1.24Mforthequarter(Up21%YOY)
●
ARRof$7M(Up41%YOY)
●
Activecustomersatendofperiod7,087(Up9%YOY)
CEOAsanthaWijeyeratne,saidit’sabeenanexcitingquarterasthebusiness
scales.
“Thisquarterwe’veinvestedinthesalesanddevelopmentteams,adding
experiencedpeopletoacceleratedeliveryofourstrategicpriorities.We’vefurther
enhancedouroperationalprocessesaswebuildforscaleinpreparationforour
launchintoAustralia.”

Recurringrevenueisup48%YOYat$1.73Mforthequarter,withprocessingfees
contributing$1.24M(72%)ofthis.
Interestrevenuegrewto$0.49Mforthequarterasthebalanceoffundsheldon
behalfofcustomersincreasedinlinewiththevalueofpayrollprocessed.Thiswasa
23%increaseonthemostrecentMarch2023quarter,and2.5timesmorethanthe
quartertoJune2022.
ABOUTPAYSAUCE
PaySauceisaSaaSfintechplatformprovidingsolutionsforpeopleatworkin14
jurisdictionsacrosstheAsia-Pacificregion.Thetechnologyenablessmall
employerstodigitallyonboard,payandmanageemployeesfromanydevice.The
platformincludesrosters,mobiletimesheets,payrollcalculations,banking
integration,automatedpayments,PAYEfiling,labourcosting,automatedgeneral
ledgerentriesanddigitalemploymentcontracts.ThePayNowfeatureenables
customers’employeestoaccessthepaythey’veearnedbeforepayday,providinga
freealternativetopaydaylenders.
www.paysauce.com