PaySauce has announced its forecast for a net profit in the 2024 financial year.
The New Zealand-based SaaS fintech platform said it is on track to deliver its maiden net profit after tax and positive cashflow for the year ending in March 2024.
In the fourth quarter of FY24, PaySauce saw growth in key performance metrics, with recurring revenue up 24% year-on-year at $2.02 million, and processing fee revenue up 16% y-o-y at $1.43m.
The company also reported a 7% increase in customers at the end of the quarter, bringing the total to 7,368.
PaySauce is scheduled to release its FY24 financial results on May 21.
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