PaySauce Quarterly Market Update – Dec 2022

PaySauce lifts Annualised Recurring Revenue 54%
YOY with growth from SMEs
Lower Hutt, New Zealand - 12 January 2023
Employment fintech PaySauce (NZX:PYS) increased Annualised Recurring
Revenue (ARR) 54% year on year (YOY) to $6.6M at December 2022. The value of
gross payroll processed continues to increase and illustrates the growing trust
SMEs place in PaySauce.
CEO, Asantha Wijeyeratne, said it was pleasing given the macroeconomic
conditions:
“Against a backdrop of economic uncertainty, small businesses continue to place
huge value in compliant and straightforward payroll software; one less thing
keeping them up at night.”
“The increase in revenue is a result of both continued growth and strategic
pricing decisions made in Q2 that have been well received by our loyal customer
base.”
“We’re trusted with processing billions of dollars of payroll for SMEs in New
Zealand each year. That’s a great platform as we expand our reach into Australia.”
KEY YEAR-ON-YEAR PERFORMANCE HIGHLIGHTS FOR THE QUARTER
●
Recurring revenue of $1.56M (Up 65% YOY)
●
Processing fee revenue of $1.22M (Up 37% YOY)
●
ARR of $6.6M (Up 54% YOY)
●
Active customers at end of period 6,810 (Up 16% YOY)

Recurring revenue was up 65% YOY at $1.56M for the quarter with processing fees
contributing $1.22M of this (up 37% YOY).
Interest revenue grew to $0.35M for the quarter as interest rates rose substantially
and the balance of funds held on behalf of customers increased in line with the
value of payroll processed. This was a 42% increase on the most recent September
2022 quarter, and nearly 5 times more than the quarter to December 2021.
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