PaySauce (NZX:PYS), a Lower Hutt-based employment fintech, has achieved strong growth for the quarter with recurring revenue up 87% year on year (YOY) and positive cash flow for the first time.
CEO Asantha Wijeyeratne said the results were driven by strategic pricing changes, the SmoothPay acquisition and continued cost control.
Interest income increased 62% YOY, positively impacted by rising interest rates.
PaySauce will announce its FY22 full year result on 25th May 2022, with a virtual briefing to follow.
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