PaySauce Quarterly Market Update

SaaS employment solutions provider PaySauce (NZX: PYS ) finishes the second quarter of FY21 with continued strong growth. Relative to the second quarter of F20, total recurring revenue grew 52% to $519K. PaySauce is also reporting high performance in customer satisfaction and loyalty, with a Net Promoter Score (NPS) of 76. The number of employees in New Zealand paid through PaySauce payroll software increased by 37% to 16,117 people, and the total number of employers processing through PaySauce increased proportionately to 3,085.

PaySauce welcomed more than 261 new clients this quarter, a 9% increase in the total customer base since June 30th, with the majority of the growth being organic. A small number of new clients joined the PaySauce platform through the strategic partnership announced in March this year. Growth from this channel relies on in-person sales and implementation and due to COVID-19, uptake has been slower than originally expected.

See the link below for more details:

PaySauce F21 Q2 Quarterly Market Update

Source: PaySauce

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

Vector announces sale of HRV
GNE - 2025 ASM and closing date for director nominations
The Warehouse Group Appoints Chair
August 1st Morning Report
Infratil releases Climate Related Disclosures
The Warehouse Group Appoints Chief Digital & Transformation
The Financial Collapse Has Already Begun - Will You Be Caught Off Guard?
NWF - IMPLEMENTATION OF SCHEME OF ARRANGEMENT
EROAD Publishes FY25 Group Climate Statement
Synlait provides performance update