PaySauce, a Lower Hutt-based employment fintech, has achieved its goal of market leadership in the New Zealand dairy industry, with over half of all employing dairy farms now using the platform to pay their staff.
The success is attributed to strong relationships, investment in the industry ecosystem and the delivery of excellent service.
The company has also seen a 74% year-on-year increase in recurring revenue, surpassing $5.5m in Annualised Recurring Revenue.
Additionally, with global interest rates rising, interest income is becoming a meaningful contributor to the company's overall recurring revenue.
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