PaySauce Q4 2018 Market Update

PaySauce Grows Recurring Revenue by 109%, Payee 
Numbers by 80% and Gross Payroll Processed by 88%* 

Auckland, New Zealand – 23 January 2019 
 
SaaS payroll provider PaySauce (NZSX:PYS) continues to grow after a successful 2018 
calendar year, which culminated in the company joining the New Zealand Stock 
Exchange on 21 December. Total recurring revenue is up 109% on the same time a year 
ago, while the number of employees in New Zealand receiving their pay through the 
PaySauce payroll software has increased by 80%, to 6,227 people, with annual payslip 
numbers up 78% to 47,814. The gross payroll value processed by PaySauce in the last 
year totals $73 million, an 88% increase. 
 
 
Key Metrics Q4 2018 Q4 2017 % YOY Change 
Total Recurring Revenue NZD $237K NZD $113K 109% 
# Employees (at end of Qtr) 6,227 3,451 80% 
# Payslips (total for Qtr) 47,814 26,902 78% 
Quarterly gross value of 
payroll processed for Q4 2018 
NZD $73M NZD $38.9M 88% 
 
 
The CEO and co-founder of PaySauce, Asantha Wijeyeratne, says the company is 
extremely pleased with its growth trajectory. “We had a very strong 2018, and we’re 
proud to make our debut on the NZX just before we closed out our most recent quarter 
on 31 December. Having marked a number of significant milestones, including 
becoming the first payroll intermediary to have their entire client base on Payday Filing, 
we are concentrating this quarter and through the next year on adding value to the 
shareholders who are backing our business, and on expanding our services to the 
primary sector, which has complex human resourcing needs and is subject to changing 
regulatory obligations.” 
 
PaySauce chair Andrew Barnes says, “A primary management focus has been the 
establishment of a network of partnerships to drive PaySauce’s business 
 
 
*these figures are prepared on the same basis as those in the Profile, released at the time of listing on the NZX. 

development and shore up its strong market share. These partnerships are indicative of 
the company’s direction as an important service provider to the primary sector, and 
include the Dairy Women’s Network, Federated Farmers and ASB.” 
 
 
 
 

KEY PERFORMANCE HIGHLIGHTS 
 
●Revenue up 109% year-on-year 
●Employee numbers on PaySauce up 80% to 6,227 
●Number of payslips produced up 78% to 47,814 
●Gross payroll value processed up 88% to $73 million 
KEY 2018 MILESTONES 
 
●Became an NZX-listed company 
●Became a silver partner of the Dairy Women’s Network 
●Processed over $25m of payroll in a month (October) 
●Completed growth funding round of $1.145m 
●Developed and released Payday Filing and Pay Advance software 
●Runner up in the Launch Category at the Fieldays 2018 Innovation Awards 
 
 
Over the past several years PaySauce has been steadily improving outcomes for SMEs, 
simplifying processes, de-risking businesses and reducing the administrative burden for 
owners. Becoming an NZX-listed company during Q4 2018 significantly extends the 
company’s capability as a service provider. 
 
For more information about the results to 31 December 2018, please contact 
investor@paysauce.com​. 
 
 
www.paysauce.com 
 
  
 
ABOUT PAYSAUCE 
 
PaySauce provides award-winning SaaS payroll to small and medium sized enterprises. 
PaySauce enables business owners to pay staff accurately and efficiently using web, iOS, 
and Android applications. The PaySauce platform includes mobile timesheets, payroll 
calculations, banking integration, PAYE filing, labour costing, automated general ledger 
entries and digital employment contracts.