PaySauce raises $5m after SPP oversubscribed

PaySauce raises $5m after SPP oversubscribed

Lower Hutt, New Zealand - 26 January 2026


Software-as-a-Service fintech PaySauce Limited (NZX: PYS) today announces it has
raised a total of $5m, after a Share Purchase Plan (SPP) that closed at 5.00pm on
Friday 23 January 2026 raised $1.5 million, with the Board accepting all over
subscriptions.

The capital raised through the SPP alongside the $3.5 million raised in a
placement in December (together, the Offer), strengthens PaySauce’s balance
sheet as the company moves to take advantage of the significant growth
opportunities it is moving to realise both in New Zealand, Australia and further
afield. It also gives the company flexibility to respond quickly to any small-scale
bolt on acquisition opportunities or market volatility.

The SPP Shares are scheduled to be allotted on Friday, 30 January 2026 with
trading of the SPP Shares commencing on the NZX Market that day. The SPP
Shares will rank equally with and be of the same class as PaySauce’s ordinary
shares quoted on the NZX Market.

Chief Executive Asantha Wijeyeratne said: “We are delighted with the strong
support we have received from existing and new investors through this Offer. We
take it as a strong endorsement of our plans to continue our expansion in New
Zealand and begin to offer our solutions to the 700,000 micro-businesses in
Australia, a market that is largely under served by existing payroll providers.”

Wijeyeratne said the company was looking forward to the commercial launch of
the PaySauce solution in Australia at the Australian Dairy Conference on the 11-13 of
February 2026 in Melbourne. PaySauce is initially prioritising the Australian dairy
sector reflecting the company’s deep understanding of the industry and the
sector sharing similar sales dynamics to its core New Zealand operations.

“Our solution is a single, integrated platform providing end-to-end payroll that
seamlessly handles rostering, timesheets, complex award calculations, STP tax
filing (Single Touch Payroll), and integrated payments via Australia’s NPP (New
Payments Platform).

“We believe all of these features will resonate with the 46,000 people working on
Australia’s 4,000 dairy farms, reducing complexity, saving them time, and
delivering the peace of mind that comes with the assurance of a payroll compliant
platform. We look forward to updating shareholders on our progress with our Q4
results in early April 2026,” Wijeyeratne said.

Released for and on behalf of PaySauce by PaySauce CFO Jaime Monaghan

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
Investors Media
Asantha Wijeyeratne Richard Inder
CEO PaySauce The Project
+64 21 554 600 +64 21 645 643

Please direct any investment queries to investor@paysauce.com