PaySauce, a New Zealand-based employment solutions fintech, has announced a 32% year-on-year increase in Annual Recurring Revenue (ARR) for the quarter ending September 2023.

The company aims to reach a key milestone of $10 million ARR and is focused on enhancing its product for new markets.

The highlights for the quarter include an ARR of $7.4 million, recurring revenue of $1.8 million (up 34% YoY), processing fee revenue of $1.3 million (up 15% YoY), and 8% YoY growth in active customers.

PaySauce is investing in sales and marketing capabilities and product development to drive growth in existing and new markets.

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