2025 Annual Meeting Addresses and Presentations

2025 Annual Meeting Addresses and
Presentation
Lower Hutt, New Zealand - 26 September 2025
The PaySauce Limited 2025 Annual Shareholders' Meeting is being held online today
at 3.00pm.

Please find attached the addresses from the Chair and the CEO, as well as the
presentations from the Annual Shareholders' Meeting today. This includes the ASM
presentation and the Australian update.

The results of the meeting shall be published as soon as they are available.

ENDS

PaySauce is a SaaS fintech platform delivering digital payroll solutions across 14
jurisdictions in Asia-Pacific. 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, and automated general ledger entries. 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
Asantha Wijeyeratne
CEO PaySauce
+64 21 554 600
Please direct any investment queries to investor@paysauce.com

---

2025 Annual Meeting Addresses
Lower Hutt, New Zealand - 26 September 2025

Chair’s Address

2025 was another strong year for PaySauce. We delivered a second consecutive year of
net profit after tax, grew our recurring revenue, delivered an increase in positive free
cash flow, and grew the value of our existing customer base. This is a result of continued
focus on executing the strategies that will drive the long-term sustainability of our
business.
FY25 Highlights
Processing fee revenue increased +18% year-on-year, reaching $6.3 million for the year
ended 31 March 2025. This growth is primarily attributed to two key factors: an expanded
customer base, achieved through leveraging and expanding our partner channels and
investment in sales and marketing; and an increase in our average processing fees per
user.

This strong top-line revenue growth, coupled with our diligent management of
shareholder funds, translated directly into enhanced profitability and cash flow. We are
pleased to report a +27% year-on-year increase in Earnings Before Tax, Depreciation, and
Amortization (EBTDA), to $1.4 million, and a +$0.2m increase in free cash flow to $0.5
million. This increase in free cash flow will allow us to accelerate our revenue growth, and
strengthens our overall financial position.

Our operational efficiencies and customer-centric approach have also bolstered our
long-term value. The expanded customer base, combined with an increase in our gross
margin to 78%, highlights our effective service delivery and cost management as we
benefit from scalable investments made to customer support. We also achieved a
significant decrease in the rate of churn by 16% year-on-year, indicating stronger
retention, high customer satisfaction and an improving economic backdrop. These
combined factors led to +28% year-on-year increase in our total customer lifetime value,
which now stands at an impressive $55 million. The total customer lifetime value metric
is an approximation of the value of our existing customers, looking at the value we
expect to generate over their lifetime using PaySauce products.

We are particularly pleased that these results have generated sufficient returns for us to
fully self-fund the product development for the Australian pilot ourselves. This puts us in
great stead for the launch next year.
Governance and Leadership
Turning to governance, a notable change to leadership since we last met, has been the
resignation of Michael O’Donnell (MOD) in August. MOD had been a director of
PaySauce for the last five years, and tabled his resignation to allow him to take up a role
1

as Regional Trade Director for NZ Trade & Enterprise based in Los Angeles. We thank
MOD for his valuable contributions to the Board. As you’ll hear from Asantha shortly,
PaySauce has begun its expansion into Australia. MOD’s departure opens an
opportunity, as outlined in Resolution C, for the appointment of a new Director to
support our Australian expansion. In the meantime, I’m confident that we have the
appropriate balance of independence, skills, knowledge, experience and perspectives
among the remaining Directors until the time is right to add a second Australian
director to the Board.
Outlook
The board and management remain confident about the company’s prospects. We
continue to weather the impact that a decreasing interest rate environment has on the
interest revenue generated on funds held on behalf of our customers, combined with
the tough economic environment for businesses in New Zealand. We expect to see a
turnaround in business confidence with market commentators forecasting a further 50
to 75 basis points of cuts to the OCR this year. Whilst the immediate impact is adverse to
the interest we earn on the customer float, the medium term impact is expected to
drive accelerated customer growth, through new business formation.

Our next target of $10m in ARR is in sight as we leverage the investments made into our
product to start delivering accelerated growth. Loving our customers, supercharging
growth and building for scale have been the driving forces that have led to the roll-out
of our new Gen 2.0 payroll engine. We’re starting with Australia and being hyper
focussed on targeting an underserved segment of the market employing 1-5 employees.
Through leveraging cutting edge technology, we’ve developed the Australian payroll
rule set and completed the front end for the product. We’ll support the scalable growth
of that new product through considered use of A.I. as we gear up for our commercial
launch into Australia early next year - but I’ll let Asantha go into more detail on that.

On behalf of the board, I want to thank the PaySauce team for their dedication over the
past year. To our shareholders, thank you for your trust and continued support.



CEO’s Address

We continue to see steady progress and strong engagement with our existing customer
base, further solidifying our position in the market. We finished the first quarter of FY26
to June with positive growth across all of our key quarterly metrics.

Quarterly Update - June 2025
As published in our market update - our quarterly processing fee revenue grew +17%
year on year to $1.7m, off the back of an increase in customer numbers of +10% year on
year to 8,382. The growth in processing fee revenue is outpacing the decline in interest
revenue resulting from the decreasing interest rate environment, evidenced by the +6%
2

year on year growth in both ARR and quarterly recurring revenue ($8.7m and $2.2m
respectively).

Our growth has largely been supported by growing strength in the dairy and adjacent
sectors, which has been a rare positive in the current economic environment as recovery
of business confidence is yet to be seen in other sectors of New Zealand.

We look forward to sharing the second quarter result to 30 September soon.
Australia Update
Now to the most exciting topic, the pilot of our new Australian payroll product, utilising
the Gen 2.0 engine, and the entry into the Australian micro-business market. This
represents a pivotal moment in PaySauce's growth strategy, opening up a vast and
underserved market.

To truly illustrate the problem we're solving, I'd like you to Meet Belinda and Stuart
Griffin, Dairy Farmers from Victoria. They represent our ideal customer in this initial
Australian market, and their story will help you understand the real-world impact of our
solution.

They are typical dairy farmers in Victoria, Australia, encompassing many roles and
responsibilities that extend far beyond simply farming. They are hands-on dairy farmers,
trusting employers to their staff, astute business people managing complex operations,
self-starters who drive their own success, and industry leaders. They also play vital
personal roles as parents, crucial decision-makers for their business, careful
purse-holders managing finances, and proactive risk managers. Critically, while they rely
on their Accountant for 'the hard stuff' when it comes to compliance and complex
financial matters, they are also inclined to give something a go themselves first,
demonstrating their need for an intuitive and empowering solution.

The Problem to be Solved
One of the current, and key pain points is needing multiple apps to pay their staff. This is
a common and incredibly inefficient process for small business owners like Belinda and
Stuart. To pay their staff, they typically have to manage rostering and timesheets in one
system, then manually import that data into a separate payroll system. They must then
painstakingly understand complex regulations, maintain four-weekly tallies of hours,
amend rates to comply with the Fair Work Pastoral Award, complete tax and
superannuation filing with the Australian Tax Office and finally, export and upload
banking files for payments.

This entire process is incredibly time-consuming and prone to errors - so Belinda and
Stuart are highly motivated to adopt a better way. They are not alone - approximately
3

2,500 dairy farmers in Victoria, Australia, and the 4,400 across Australia face exactly the
same challenge.

The problem is not just isolated to dairy farmers though. It is a widespread problem with
micro-businesses across all industries facing a growing compliance burden and lack of
integrated solutions. With rising concerns around superannuation reconciliation and
fraud, and an increasingly complex regulatory landscape, the room for error and the
associated time, cost and stress of getting it wrong is significant.

The Australian regulatory landscape, particularly the Fair Work Act and the complexities
of awards and agreements, creates a significant compliance challenge for small
employers. Many micro-businesses still rely on manual processes or outdated software,
leading to errors, penalties, and wasted time. There is a clear need for a simple,
affordable, and integrated payroll solution designed specifically to meet the needs of the
700,000 micro-businesses across all of Australia - a significant addressable market which
reinforces the strategic importance of our Australian expansion.

The Solution
Our solution offers a single, integrated platform for micro-businesses, delivering
end-to-end payroll with integrated payments and compliance. Unlike fragmented
solutions that require multiple apps and manual data transfer, PaySauce provides a
seamless experience. From rostering and timesheets to complex award calculations, STP
filing, and integrated payments, our platform handles it all. This simplifies the payroll
process, reduces the risk of errors, and frees up valuable time for business owners to
focus on running their businesses. We are not just a payroll provider; we are a complete
payroll partner for micro-businesses. This is essentially a new category that we are
bringing to market.

The Technology
Our advanced Gen 2.0 payroll engine is modern and flexible. It is built to handle the
complexities of different payroll rules and awards, and regulatory environments. This
opens doors to industries like trades, hospitality, and professional services in Australia, as
well as rapid expansion into new jurisdictions beyond Australia. This expands our
addressable market beyond dairy farming and provides a clear roadmap for future
growth. The scalability of our tech stack is a key enabler of our growth strategy, and gives
us a significant competitive advantage in entering new markets. By partnering with
industry experts, we’ve leveraged cutting edge technology to deliver near real-time
payments on the New Payments Platform (NPP). Having the essential Pastoral Award
rules interpretation, payroll calculations, tax filing and all payments from the PaySauce
app.
To validate our approach we have a video from our pilot customers Belinda and Stuart -
reinforcing the value of our solution. This testimonial provides a powerful endorsement
4

of our product and strategy and the impact PaySauce will have on Australian
micro-businesses.
The Opportunity
Our competitor gap is clear: we offer a streamlined, specialised, and integrated solution
specifically for the underserved Australian micro-business market. Many existing payroll
solutions in Australia are either too complex and expensive for micro-businesses or lack
the integrated functionality that PaySauce provides. We have identified a clear gap in
the market and are uniquely positioned to fill it with our user-friendly, affordable, and
comprehensive platform. We are not trying to be all things to all businesses; we are
laser-focused on the needs of micro-businesses.

Demand for a solution to the growing compliance burdens of micro-businesses is high.
There are over 700,000 micro businesses in Australia, many of which share similar pain
points that are solved by PaySauce already. Our technology stack then enables easy
configuration to solve the industry-specific challenges that they face.
The increasing regulatory complexity creates a tailwind for payroll software providers like
PaySauce.
Progress and Timelines
Our rollout strategy & timeline prioritises the Victorian Dairy sector due to our
competitive advantage, deep understanding of the industry and the problems, and
similar sales dynamics. Our focus on the Victorian Dairy sector allows us to leverage our
existing expertise and build early traction before expanding to other sectors and regions.
We have clear milestones - the first of which we’ve completed - with our first pilot
Australian customer having already completed calculations, filing, and payments - a
strong indicator of our progress. Our next step will be to onboard additional pilot
customers by the end of Q3, then to launch the product at the Australian Dairy
Conference in Melbourne, in February next year, onboarding a further cohort of
customers by the end of FY26.
Summary
We've seen sustained growth in our New Zealand business, and the cash generated is
being reinvested into our Gen 2.0 payroll engine. This engine is key to our long-term
strategy of becoming the global payroll solution for micro-businesses.

Our initial market entry into Victoria, Australia, directly addresses the payroll challenges
faced by dairy farmers like Belinda and Stuart, which are typical of many in the sector.
We plan to expand our testing to understand the broader payroll needs of hundreds of
thousands of Australian micro-businesses, delivering on our core mission to give peace
of mind and time back to these hard working business owners

5

By making payroll, payments, and compliance effortless, we save hours each pay,
offering a scalable solution across Australia. This Australian expansion serves as a
blueprint for our entry into other global jurisdictions.

I’m incredibly excited to embark on the next chapter of PaySauce’s growth journey, and I
want to extend my sincere thanks to the entire PaySauce team for their hard work and
dedication, especially over the last few months to bring this vision to life. To my fellow
directors for their guidance and support, and all of you, our valued shareholders, for your
continued trust and investment in our vision - thank you.


I look forward to sharing our progress over the coming months.

ENDS

PaySauce is a SaaS fintech platform delivering digital payroll solutions across 14
jurisdictions in Asia-Pacific. 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, and automated general ledger entries. 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
Asantha Wijeyeratne
CEO PaySauce
+64 21 554 600
Please direct any investment queries to investor@paysauce.com

6

---

2025 ANNUAL
SHAREHOLDERS’
MEETING
26 September 2025

DISCLAIMER
The information in this presentation is of a general nature and does not constitute financial product advice, investment advice or
any other recommendation. Nothing in this presentation constitutes legal, financial, tax or other advice.
This presentation should be read in conjunction with, and is subject to PaySauce’s Annual Report, market releases and information
published on PaySauce’s website - www.paysauce.com
This presentation may contain forward-looking statements about PaySauce and the environment in which PaySauce operates,
which are subject to uncertainties and elements outside of PaySauce’s control - PaySauce’s actual results or performance may differ
materially from these statements. PaySauce gives no warranty or representation as to its future financial performance or any future
matter.
This presentation may include statements relating to past performance, which should not be regarded as a reliable indicator for
future performance.
This presentation may include information from third parties believed to be reliable; however, no representations or warranties are
made as to the accuracy or completeness of such information.
While reasonable care has been taken in compiling this presentation, none of PaySauce nor its subsidiaries, directors, employees,
agents or advisors (to the maximum extent permitted by law) gives any warranty or representation (express or implied) as to the
accuracy, completeness or reliability of the information contained in it, nor takes any responsibility for it. The information in this
presentation has not been and will not be independently verified or audited.
No person is under any obligation to update this presentation at any time after its release to you or provide you with further
information about PaySauce.
Please refer to the Glossary for definitions of key terms used in this presentation.
All currency amounts are in New Zealand Dollars unless stated otherwise.

RESIGNED
BOARD OF DIRECTORS
Asantha Wijeyeratne
CEO & Co-Founder, Director
(Non-Independent)
Gavin Thompson
Non-Executive Director
(Non-Independent)
Shelley Ruha
Non-Executive Director
(Independent), Chair
Mark Samlal
Non-Executive Director
(Independent)
Jim Sybertsma
Non-Executive Director
(Independent), ARC Chair
Michael O’Donnell
Resigned 8 Aug 2025 to take
up an opportunity in the US

EXECUTIVE TEAM
Asantha Wijeyeratne
CEO & Co-Founder
Jacques Labuschagne
Chief Technology Officer
Jaime Monaghan
Chief Financial Officer
Jess McLean
Chief Product Officer

AGENDA
Chair’s Introduction
CEO’s Address to Shareholders
Australia Update
Ordinary Resolutions
Other Business & Shareholder
Questions

CHAIR’S
ADDRESS
SHELLEY RUHA

Maintained profitability and substantially increased free cashflow 
Accelerated customer growth, new customers up 17% year on year
Increased the value of our existing customer base
FY25 HIGHLIGHTS
Maintained positive EBTDA - $0.3m
year on year improvement in EBTDA
EBTDA
Up 27% YoY
1.4
$m
Total Customer Lifetime Value (LTV)
grew 28% year on year
Total LTV
Up 28% YoY
55.3
$
m
Processing fee revenue grew 18%
year on year
Processing fees
Up 18% YoY
6.3
$
Maintained positive free cashflow -
$206k year on year improvement in
free cash flow
Free Cashflow
Up 70% YoY
502
$
k
1
1 . before funds due to customers and IRD
m

Strategic pillars have driven the new Gen 2.0 payroll engine:
Supercharging Growth
Loving Our Customers
Scalability
Hyper-focused on Australian micro-businesses
Leveraging technology to unify our platform
Utilising AI to build scalable processes
TARGETING $10M ARR
Supercharge Growth
Loving Our Customers
Scalability

CEO’S
ADDRESS
ASANTHA WIJEYERATNE

Processing Fees up +17% YoY, as PaySauce gears up for Australian Launch
ARR
Up 2% QoQ
8.7
Up 6% YoY
$
m
2.2
For the Quarter
Recurring Revenue
$
m
Up 3% QoQ
Up 6% YoY
For the Quarter
Processing Revenue
1.7
$m
Up 6% QoQ
Up 17% YoY
Active Customers
June 2025
8,382
Up 2% QoQ
Up 10% YoY
All figures are in New Zealand dollars unless specified otherwise.
# Active Customers are those that have processed payments in the month.
Q1 2026 UPDATE

RESOLUTIONS
SHELLEY RUHA

F O R
RESOLUTION A
Asantha Wijeyeratne
Executive Director & CEO
A B S TA I N
A G A I N S T
Having retired, that Asantha Wijeyeratne be re-elected as a Director of PaySauce

F O R
RESOLUTION B
Having retired, that Shelley Ruha be re-elected as a Director of PaySauce
Shelley Ruha
Independent Non-Executive
Director, Chair
A B S TA I N
A G A I N S T

F O R
RESOLUTION C
That the maximum aggregate amount
of remuneration payable by PaySauce to
all Directors (in their capacity as
Directors) be increased from $230,000
per annum to a maximum of $275,000
(plus GST, if any) per annum, with this
sum available to be paid to the Directors
of the Company as the Board considers
appropriate.
A B S TA I N
A G A I N S T

F O R
A B S TA I N
A G A I N S T
RESOLUTION D
That the Board is authorised
to fix the fees and expenses
of Grant Thornton as the
auditor of PaySauce.

GENERAL BUSINESS
The meeting is
now open to any
general questions

GLOSSARY
Recurring Revenue: Recurring revenue is revenue that is expected to repeat each period into the future. For PaySauce, this is directly linked to the number
of customers, their size, and the number of pays they run using the PaySauce payroll products. There are currently two sources of recurring revenue -
processing fees and interest income.
ARR: The total recurring revenue for the last calendar month of the reporting period, multiplied by 12.
ARPU (monthly): Average revenue per user (monthly) is the total recurring revenue for the month, divided by the total customers processing payroll that
month.
Gross margin: When discussed as a SaaS term, is the recurring revenue of the business, less the cost to serve customers. This is often then expressed as a
percentage, where the gross margin is divided by the recurring revenue.
Churn (monthly): Churn is expressed as a percentage calculated as the net reduction of customers in a calendar month divided by the total customers at the
start of that month.
LTV: Lifetime value is the estimated value of a customer over its lifetime with PaySauce. This is calculated by taking the monthly ARPU multiplied by the
gross margin percentage, then divided by the monthly churn percentage.
Total LTV: Total customer lifetime value is the lifetime value multiplied by the total customers.
LTV : CAC: This ratio reflects the return on investment for customer acquisition. It is calculated by dividing the lifetime value of a customer by the customer
acquisition cost (per addition).
Free cash flow: Free cash flow is a measure that demonstrates the net cash generated by, and invested into the business. PaySauce defines free cash flow as
cash flows generated from operating activities less cash flows used for investing activities (excluding funds held on behalf of customers).
EBTDA: Earnings Before Tax, Depreciation and Amortisation is calculated by adding back depreciation, amortisation and income tax expense to the amounts
reported in the NZ IFRS-based financial statements. PaySauce believes that this measure provides useful insights to measure the performance of PaySauce
as a SaaS business.
Note - the terms and metrics above are Non-Generally Accepted Accounting Principles (non-GAAP) measures and should not be viewed in isolation, not
considered substitutes for measures reported in accordance with New Zealand Equivalents to International Financial Reporting Standards (NZ IFRS). Refer to
the PaySauce Annual Report for further information.

THANK YOU!

---

AUSTRALIAN
PRODUCT
LAUNCH
26 September 2025

Parents
Lifelong learners
Decision makers
Purse-holders
Risk managers
Hands-on dairy farmers
Trusting employers
Business people
Self-starters
Industry leaders
The roles they play
Who they are
INTRODUCING BELINDA
AND STUART GRIFFIN
Dairy Farmers from Victoria, Australia

Rostering & Timesheets
Import into Payroll
Understand Regulations
Maintain 4 Weekly Tallies
Amend rates to comply with FWA
Export and upload banking files
THEY NEED MULTIPLE APPS TO PAY THEIR STAFF

THEY’RE NOT ALONE.
There are over 2,500 dairy farms in Victoria, Australia, and more
than 4,400 across the whole of Australia, employing 46,000
people. The Fair Work Pastoral Award is prescribed and highly
complex, and is a problem that all dairy farms grapple with
regularly. Examples include:
1
A farm hand must be paid time and a half for every hour worked in
excess of 152 hours in any four-week period, but most staff are paid
fortnightly.
If any overtime is worked on a Sunday, farm hands get paid double-
time, unless they are feeding and watering stock, in which case they
are paid time and a half.
1.Source: Dairy Australia Report: In Focus 2024
2.https://explorecareers.com.au/employers/australian-dairy/
3.https://www.asbfeo.gov.au/small-business-data-portal/number-small-businesses-australia

Fair Work Payroll Awards apply to all 700,000 micro-businesses
(1-5 employees) in Australia. Compliance challenges apply to
these businesses as they do to large incorporations:
1
Superannuation reconciliation and fraud are rising concerns
Manual processes such as offline tallies, .csv transfers, and
manual payments are prevalent
There is no single solution for managing employment for
micro-businesses
The time, cost and stress of non-compliance is significant
BEYOND THE PASTORAL AWARD
1.https://www.asbfeo.gov.au/small-business-data-portal/number-small-businesses-australia
Starting July 1, 2026,
superannuation payments
must align with wage
payments, instead of being
made 1-4 times a year
The business is defined
by the people running it

With 994 different pay rates across almost 100
pages, the GRIA is incredibly difficult for
employers to understand. It is clearly not fit-for-
purpose for larger employers. The expectation
that smaller mum-and-dad operated businesses,
who lack legal and HR resources, can use the
award appropriately is entirely unreasonable.
CONSEQUENCES OF BREACHING THE
REGULATIONS ARE SIGNIFICANT...
Australian Retailers Association (ARA) CEO Chris Rodwell (2025)
Source: https://www.retail.org.au/media/ara-statement-on-federal-court-decision-concerning-underpayment-of-salaried-workers-under-the-general-retail-industry-award-2010-9-sept

“INSPECTORS VISITED 360
FARMS, INVESTIGATED 521
BUSINESSES DURING CROP
SEASONS AND ISSUED $760,405
IN FINES TO EMPLOYERS WHO
FAILED TO MEET THEIR PAYSLIP
AND RECORD KEEPING
OBLIGATIONS”
Source: https://www.abc.net.au/news/rural/2025-06-25/horticulture-businesses-breach-
workplace-laws/105348956

SOLVING THE COMPLEXITY
One solution for micro-businesses that delivers end-to-end
payroll:
Banking integration for staff payments
Integrated Superannuation payments and filing
Single Touch Payroll Phase 2 (STP 2) compliant with
integrated ATO payments and filing
Fair Work Australia Pastoral Award interpretation and
comparison checks - rules for other industry Awards to
follow
Mobile-enabled technology for employers and employees
on the go
STP: Single Touch Payroll STP is the way DSPs report your their customers’ employees' tax and super information to the ATO.
STP 2: Single Touch Payroll Phase 2 includes additional reporting with remuneration, PAYG and superannuation liability.
DSP: A Digital Service Provider develops digital services that help the community (and business) meet their tax and super obligations.
ATO: Australian Tax Office collects tax so that government can deliver services for the Australian community.

THE TECHNOLOGY
Mobile-friendly product that’s simple and easy to
understand. It has everything that micro businesses need,
and nothing they don’t
Our Gen 2.0 payroll engine is highly configurable for new
awards and jurisdictions beyond Australia. Its layered
design gives us the ability to plug-in new payroll rules
without impacting other parts of the code base
The essential Pastoral Award rules are already incorporated
Leveraging payments technology in Australia, using NPP
(New Payments Platform) for near real-time payments
NPP: New Payments Platform is open access infrastructure for fast payments in Australia, launched in Feb 2018, enabling near real-time payments.

Click to hear
what Belinda
and Stuart
have to say
Youtube Link
https://www.youtube.com/
shorts/0SDwDdIK-2M

The competition in Australia is either focused on larger
businesses or underserves the micro-business payroll
landscape.
Current solutions are fragmented, and there is no end-
to-end payroll solution that solves all of their needs.
Only a few existing solutions have built-in functionality
to manage the complex Fair Work Payroll Awards.
COMPETITOR LANDSCAPE

Victoria, Australia, and Beyond:
2,500 Dairy Farms in Victoria
4,400 Dairy Farms in Australia, employing 46,000 staff
700,000 micro-businesses in Australia, with 80,000 established in 2024-25
SMEs represent over 90% of businesses in OECD countries
1
Many of the micro-businesses share similar pain points that are already solved by PaySauce. The
PaySauce technology stack then enables easy configuration of industry-specific challenges:
Trades/construction (Workforce management → Timesheet → Job costing)
Hospitality (High staff turnover → More part time employees → Employee maintenance)
Professional services (Salaried staff → Job costing → Client billing)
MARKET OPPORTUNITY
1.OECD SME Outlook Highlights Policy Highlights

ROLLOUT STRATEGY & TIMELINE
2025 Q32025 Q42026 H1
First customer
completed
calculation, filing and
payment of staff in
Australia
Build customer-
driven key features
for a known industry
in a new geography
(Dairy farmers in VIC)
Targeted digital
marketing
campaign
Public launch at
an industry event
Key growth stage
for start of AU Tax
Year
First hire in Australia
Support Dairy
Australia’s Women in
Dairy networking
event in Gippsland,
Victoria
2026 H2
Test and learn in
identified new
markets

NZ business is achieving sustained growth
Cash generated is being reinvested into the Gen 2.0 payroll engine
The engine will enable us to deliver our long-term strategy of being
the optimal global micro-business payroll solution
The first market entry solves Belinda and Stuart’s payroll problems,
typical of all dairy farmers, in a new territory (VIC, Australia)
Expand the testing further to understand the broader payroll
problems shared by hundreds of thousands of micro-businesses in
Australia
Making payroll, payments and compliance effortless saves hours
each pay - being a scalable solution in Australia
Australia is a blueprint for the next global jurisdiction
SUMMARY & OUTLOOK

THANK YOU!