PaySauce Quarterly Market Update – Sep 2023

PaySaucesetssightsonsmashing$10mARR
milestone
LowerHutt,NewZealand-11October2023
EmploymentsolutionsfintechPaySauce(NZX:PYS)announcesa32%yearonyear
(YoY)increaseinARRforthequarterendedSeptember2023astheCEOsetshis
sightsonthekey$10mARRmilestone.TheARRcontinuestoincreasenewand
existingcustomersasthecompanyfocusesonenhancingtheproductfornew
markets.
KEYYEAR-ON-YEARPERFORMANCEHIGHLIGHTSFORTHEQUARTER
●
ARRof$7.4M(Up32%YOY)
●
Recurringrevenueof$1.8Mforthequarter(Up34%YOY)
●
Processingfeerevenueof$1.3Mforthequarter(Up15%YOY)
●
Activecustomersatendofperiod7,202(Up8%YOY)
CEOAsanthaWijeyeratne,expressedrelentlessfocusondrivinggrowthinboth
existingandnewmarkets.
“We’vesetthegoalofsmashingthrough$10mARRintheforeseeablefuture.We’ll
dothatbystrengtheningourplatformtoenableabetterexperienceforour

existingcustomersandbuildingnewfeaturesforfuturemarkets.We’ve
strengthenedourteamthroughinvestmentintwokeyareas-firstly,oursalesand
marketingcapabilitytobeclosertoourcustomersthaneverbeforeanddrivesales
incurrentmarketsandsecondly,inproductdevelopmenttoenablefuturegrowth
innewmarkets.Itsanexcitingtimeforus,withdemandfromcustomerskeento
bepartofourpilotgroupinanewmarket.”
Recurringrevenueisup34%YOYat$1.73Mforthequarter,withprocessingfees
contributing$1.3M(71%)ofthis.
Interestrevenuegrewto$0.53Mforthequarterasthebalanceoffundsheldon
behalfofcustomersincreasedinlinewiththevalueofpayrollprocessed.Thiswasa
9%increaseonthemostrecentJune2023quarter,and117%increaseonthe
September2022quarter.
ENDS
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
CONTACT
Pleasedirectanyinvestmentqueriestoinvestor@paysauce.com.