PaySauce reports maiden profit

PaySauce chief executive and co-founder Asantha Wijeyeratne. (Image: PaySauce)

Wed, 22 May 2024

PaySauce has reported a maiden net profit, as the company grew its customer base and increased interest income.The software as service fintech reported $1.2 million of net profit after tax for the year ending March 31, reversing a $0.6m loss the year prior. The company's shares lifted 1.9% to $0.265 after the release. Operating revenue was up 33% to $7.7m for the payroll provider with a 7% increase in customers to 7,368 and an 11% increase in average monthly revenue per user to $91.Processing fee income lifted 17% to $5.4m driven by cu...

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