PaySauce reports 17% revenue increase, profits rise

PaySauce, the software as a service fintech company, has reported a 17% increase in revenue for the half year ending September 2024.

The company's annualised recurring revenue (ARR) reached $8.7 million, up 17% from the same period last year.

PaySauce attributed the growth to an increase in customer numbers and a 13% rise in average revenue per user (ARPU).

The company also reported a 20% increase in total recurring revenue, with customer numbers up 9%.

PaySauce's net profit after tax was $70,000, compared to a loss of $337,000 in the previous year.

The company said its investments in customer recruitment and diversification of industries have started to pay off.