PaySauce Quarterly Market Update – Dec 2023

PaySauceannouncesrecordARRsurpassing$8m
LowerHutt,NewZealand-4January2024
EmploymentsolutionsfintechPaySauce(NZX:PYS)announcesa23%yearonyear
(YoY)increaseinARRforthequarterendedDecember2023,growingARRto
$8.2m.TheARRcontinuestoincreasefrombothnewandexistingcustomers,
extractingmorevaluefromexistingcustomerswhilstdrivingsalesthrough
accountingchannelsandverticalpartnerships.
KEYYEAR-ON-YEARPERFORMANCEHIGHLIGHTSFORTHEQUARTER
●
ARRof$8.2m(Up23%YOY)
●
Recurringrevenueof$2mforthequarter(Up26%YOY)
●
Processingfeerevenueof$1.4mforthequarter(Up15%YOY)
●
Activecustomersatendofperiod7,320(Up7%YOY)
CEOAsanthaWijeyeratne,reflectedonthequarter.
“Wecelebratedourmaidenearningspositivefirsthalfoftheyear,andwe’ve
reachedanothermilestoneof$8mARRinquicksuccession.Ourprimaryfocushas
beendevelopingtheGen2.0product,specificallytheproofofconceptforthenew

embeddedsolution,whilstensuringtheexistingproductandexceptionalservice
offeredtocustomersismaintained.
Itwasincredibletohavethisrecognisedatthe2degreesWellingtonRegional
BusinessExcellenceAwards,wherewewontheCustomerServiceAward.The
judgesclearlyalignedwithourviewsoftheimportanceofcustomerserviceand
awardedustheSupremeAwardtoo.”
Recurringrevenueisup26%YOYat$2mforthequarter,withprocessingfees
contributing$1.4m(71%)ofthis.
Interestrevenuegrewto$0.6mforthequarterasthebalanceoffundsheldon
behalfofcustomersincreasedinlinewiththevalueofpayrollprocessed.Thiswasa
9%increaseonthemostrecentSeptember2023quarter,and66%increaseonthe
December2022quarter.
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.