PaySauce Quarterly Market Update - Dec 2024
Customer growth drives PaySauce ARR over $9m
Lower Hutt, New Zealand - 14 January 2025
KEY YEAR-ON-YEAR PERFORMANCE HIGHLIGHTS FOR Q3 FY25
● ARR of $9.1m (Up 11% YoY)
● Recurring revenue of $2.3m for the quarter (Up 14% YoY)
● Processing fee revenue of $1.7m for the quarter (Up 19% YoY)
● Customers at end of the quarter: 8,127 (Up 11% YoY)
Metric Dec 2024 YoY Increase
ARR $9.1m 11%
Recurring revenue (for the quarter) $2.3m 14%
Processing fee revenue (for the quarter) $1.7m 19%
Customers (processed in Dec 2024) 8,127 11%
PaySauce increased customer growth to double digits, up 11% year on year to 8,127,
a net increase in customers of 807 since the same time last year.
Recurring revenue for Q3 FY25 is up 14% YoY at $2.3m, with processing fees
contributing $1.7m (up 19% YoY), and interest revenue from funds held on behalf of
customers contributing $0.6m (up 1% YoY).
CEO Asantha Wijeyeratne said: “We’re thrilled to end the calendar year on a high
with record ARR of $9.1m, showing our continued growth journey as a SaaS
business. Pleasingly - the main driver in revenue growth this quarter has been
from new customers, with net customer growth up 11% year on year, driving
increased processing fees. This is the first time we’ve achieved double digit
customer growth since March 2022 - the beginning of the fiscal tightening cycle.
This continues the customer growth trend from the last quarter of 9% year on year
as our Sales and Marketing teams really hit their stride, and micro-businesses
value services that ease their workload.”
“This customer growth remains vital to PaySauce’s future success, securing core
revenue through processing fees as interest rates decrease. I can’t wait to see what
PaySauce achieves in this next calendar year as the team comes back into the
office recharged and ready to raise the bar again.”
ENDS
ABOUT PAYSAUCE
PaySauce is a SaaS fintech platform providing solutions for people at work in 14
jurisdictions across the Asia-Pacific region. The technology enables small
employers to digitally onboard, pay and manage employees from any device. The
platform includes rosters, mobile timesheets, payroll calculations, banking
integration, automated payments, PAYE filing, labour costing, automated general
ledger entries and digital employment contracts. The PayNow feature enables
customers’ employees to access the pay they’ve earned before payday, providing a
free alternative to payday lenders. www.paysauce.com
CONTACT
Jaime Monaghan
CFO PaySauce
+64 22 5246366
Please direct any investment queries to investor@paysauce.com
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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