PaySauce to test payroll tech integration for growth

PaySauce, an employment fintech company based in New Zealand, has announced a new agreement to deliver a proof of concept (POC) for embedding its payroll technology within a third-party employment solution.

The agreement, if successful, is expected to increase the company's Annual Recurring Revenue (ARR) and create new growth opportunities.

The specific counterparty to the agreement has not been disclosed.

The initial POC will utilize PaySauce's Gen 2.0 Payroll Engine, which is also being developed for the company's expansion into Australia.

The goal is to demonstrate the scalability of PaySauce's technology by integrating it with existing employment software.

This move is expected to drive revenue growth and operational cash flow for the company.

The agreement will have a positive impact on key business metrics such as revenue, cash flow, customer acquisition, and cost to serve.

The company's CEO, Asantha Wijeyeratne, will be presenting the Interim Report for the six months ended 30 September 2023 at an investor and media conference.