PaySauce boosts customers with acquisition

PaySauce CEO Asantha Wijeyeratne said the firm added 1,300 customers across the Asia-Pacific region. (Image: PaySauce).

Wed, 01 Jun 2022

Payroll software provider PaySauce has reported an improved financial position, with strong customer growth.The NZX-listed fintech company, which charges customers $35 a month for its most popular payroll product, posted its 2022 annual report on Tuesday.PaySauce reported total operating revenue of $3.5 million and expenses of $4.8m, delivering a total after-tax loss of about $1.2m for the year ending March 31, an improvement on the $1.6m loss the previous year.Annual recurring revenue was up to $4.5m as of March 31, an 83% year-on-year increas...

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