PaySauce Quarterly Market Update - September 2024

PaySauceprogressesproductstrategytoward
unification
LowerHutt,NewZealand-1October2024
KEYYEAR-ON-YEARPERFORMANCEHIGHLIGHTSFORQ2FY25
●
ARRof$8.7m(Up17%YoY)
●
Recurringrevenueof$2.2mforthequarter(Up19%YoY)
●
Processingfeerevenueof$1.6mforthequarter(Up21%YoY)
●
Customersatendofthequarter:7,821(Up9%YoY)
●
MigratedgoPayrollproducttoAWS
MetricSep2024YoYIncrease
ARR$8.7m17%
Recurringrevenue(forthequarter)$2.2m19%
Processingfeerevenue(forthequarter)$1.6m21%
Customers(processedinSep2024)7,8219%

PaySaucegrewitscustomerbaseby9%yearonyearto7,821,anetincreasein
customersof619sincethesametimelastyear.
RecurringrevenueforQ2FY25isup19%YoYat$2.2m,withprocessingfees
contributing$1.6m(up21%YoY),andinterestrevenuefromfundsheldonbehalfof
customerscontributing$0.6m(up14%YoY).
CEOAsanthaWijeyeratnesaid:“Theaccelerationofourcustomergrowthto9%
yearonyearfromthreeconsecutivequartersof7%reflectsoureffortsasweaimto
superchargegrowthonascalableplatform.We’venowsuccessfullymigratedallof
ourcustomerstoAWSwiththemostrecentmove-shiftingthegoPayroll
productionserversovertoAWS.Thisisanotherkeystepinourstrategytoward
productunification,aswecannowutilisethefunctionality,securityandefficiency
thatAWSallowsacrossbothofPaySauceandgoPayrollproducts.Wecontinueto
optimiseourtechstackforspeed,securityandscaletoenableanevenbetter
customerexperience.
Itwasalsoaquarterofbigchangeatamanagementlevelaswewelcomed
JacquesLabuschagnetotheroleofChiefTechnologyofficerandJessicaMcLean
totheChiefProductOfficerrole.Theseappointmentswillhelpensurethatwe
deliverthebestpossibleproductanduserexperiencewithaclearstrategyto
deliveracceleratedgrowthforPaySauce.
IwanttoonceagainsayamassivethankyoutooutgoingExecutiveMembersTroy
Tarrant(ChiefTechnologyOffice)andMathewStokes(ChiefOperatingOfficer)who
havemadeincrediblecontributionstoevolvethecompanyfromstart-uptowhere
itistoday.
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
JaimeMonaghan
CFOPaySauce
+64225246366
Pleasedirectanyinvestmentqueriestoinvestor@paysauce.com