PaySauce, a Lower Hutt-based fintech company, has reported a 41% year-on-year increase in Annualised Recurring Revenue (ARR) to $7M for the quarter to June 2023.
The company has invested in its sales and development teams and enhanced operational processes in preparation for expansion into Australia.
Recurring revenue for the quarter was up 48% year-on-year at $1.73M, with processing fees contributing $1.24M (72%) of this.
Interest revenue also grew to $0.49M for the quarter, a 23% increase on the most recent March 2023 quarter.
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