PaySauce (NZX:PYS) has reported a 54% YOY increase in Annualised Recurring Revenue (ARR) to $6.6M as of December 2022, driven by continued growth from SMEs in New Zealand and Australia.

CEO, Asantha Wijeyeratne, highlighted the success of their strategic pricing decisions and the trust SMEs have in the fintech platform's payroll solutions.

The quarter saw a 65% YOY increase in recurring revenue, a 37% YOY increase in processing fees and a 42% YOY increase in interest revenue.

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