PaySauce March qtr recurring revenue growth slows to 30%

Tue, 13 Apr 2021

PaySauce said it added 100 new clients in the March quarter, taking the total number of businesses it processes wage payments for to 3,377, up 36% from a year earlier.The company now processes wages for nearly 18,000 employees.While processing fees from customers grew 42% to $526,000 in the latest three months, low-interest rates meant interest earned accounted for just 6% of total revenue from 14% in the March quarter last year.That limited recurring annual revenue growth to 30%, down from the 44% pace in the December quarter."We've d...

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