PaySauce Senior Management changes

PaySauceseniormanagement
changes
LowerHutt,NewZealand-18September2024
Software-as-a-ServiceFintechPaySauce(NZX:PYS)todayannouncessenior
managementchangeswithco-founderandChiefTechnologyOfficer(CTO)Troy
TarrantandChiefOperatingOfficer(COO)MathewStokesbothretiringfromthe
companyon30September2024.JacquesLabuschagne,currentlyHeadof
Delivery,willbecomeCTO.JessMcLean,currentlyChiefPeopleOfficer,willassume
anewroleofChiefProductOfficerandwillnowleadourstrategytodriveadoption
ofPaySauce’spayrollsolutiontocreateoneunifiedplatformforallofour
customers.
BothTarrantandStokeshavemadeconsiderablepersonalsacrificestocreatethe
productandevolvePaySaucefromstartuptoscaleup.Theybothconsiderthatthe
timeisrighttostepawayfromthebusiness,andenablethenewPaySauceleaders
toprogresstothenextstageofPaySauce’sgrowth.Tarrantwillstepasidefromday
todayoperationsbutcontinuetostrategicallyconsulttothecompanyas
LabuschagneandMcLeantransitiontotheirnewroles.
CEOAsanthaWijeyeratnesaid:“IwanttothankTroyandMatfortheenormous
contributiontheyhavemadetoPaySauce.Sinceourfoundingin2015wehave
carvedoutareputationformakingpaydayseasy.
“Thecompletionofthenewpayrollengine,andoursuccessintakingthe
companythroughtoprofitabilityhavepositionedPaySauceforlong-termsuccess.
Troy,asCo-Founderofthecompany,andMathaveplayedapivotalroleinthese
achievements.
“IamalsodelightedtowelcomeJacquesandJessintotheirnewroles.Jacques
hasledthedevelopmentoftheGen2.0payrollengine,whichthankstoitsnew
rules-basedarchitecture,opensnewopportunitiestoquicklygrowinnewmarket
verticalsandterritoriesandhasalsocreatednewoptionsforthebusinesssuchas
ourwholesalesolution.
“Jess,meanwhile,ispassionateaboutpayroll.Shehastheexperienceto
understandwhatourcustomersneedinourproductandknowledgeofthe
legislativelandscapenecessarytonavigatethewayforwardforourcustomers.
“PaySauceisverywellpositionedforthefuture,”Wijeyeratnesaid.
Tarrantsaid:“WiththetransitiontothenewGen2.0payrollenginecomplete,now
istherighttimetofocusonmyotherinterestsandhandoverthetechnology

leadershipofthecompany.Iamexcitedabouttheopportunitytofocuson
emergingtechnologiesthatwillhaveanimpactonpayrollandtheHRspacefor
thelongertermvisionofPaySauce.Iamproudofwhatwehaveachieved,andasa
substantialshareholder,Iwillcontinuetofollowitsprogressclosely.”
ThenewPaySauceleadershipteamresultingfromthesechangesisAsantha
Wijeyeratne(ChiefExecutiveOfficer)JaimeMonaghan(ChiefFinancialOfficer),
JessMcLean(ChiefProductOfficer)andJacquesLabuschagne(ChiefTechnology
Officer).Togetherthisteamisabletodrawondeepexperienceinpreviousdigital
businessesincludingCatalyst,TradeMe,eServGlobal,SmartPayrollandKiwibank
ENDS
ABOUTPAYSAUCE
PaySauceisaSaaSfintechplatformprovidingsolutionsforpeopleatwork
in14jurisdictionsacrosstheAsia-Pacificregion.Thetechnologyenables
smallemployerstodigitallyonboard,payandmanageemployeesfromany
device.Theplatformincludesrosters,mobiletimesheets,payroll
calculations,bankingintegration,automatedpayments,PAYEfiling,labour
costing,automatedgeneralledgerentriesanddigitalemployment
contracts.ThePayNowfeatureenablescustomers’employeestoaccessthe
paythey’veearnedbeforepayday,providingafreealternativetopayday
lenders.
www.paysauce.com
CONTACT
AsanthaWijeyeratne
CEOPaySauce
+6421554600
Pleasedirectanyinvestmentqueriestoinvestor@paysauce.com