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

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