PaySauce processes 51% more payroll in 1Q22

Thu, 08 Jul 2021

Employment fintech PaySauce said it finished the first quarter of FY22 with accelerated customer and revenue growth.Processing fee revenue lifted 44% to $581,000 in the three months to June 30 versus the same period a year ago. Total recurring revenue for the June 2021 quarter increased 36% year-on-year to $612,000. The number of employees paid through the PaySauce platform increased 44% year-on-year to 20,159 while the gross value of payroll processed was $240 million versus $158 million the prior year, a 51% lift. Chief execut...

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