Sharechat Logo

PaySauce Quarterly Market Update

Tuesday 13th October 2020

Text too small?

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

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
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.

Related News:

Wellington Drive Technologies announces CEO stepping down
Hallenstein Glasson Holdings Limited (NZX: HLG) releases Annual Report
Good Spirits Hospitality Limited (NZX: GSH) releases Annual Report
Heartland Group Holdings Limited (NZX/ASX: HGH) publishes Annual Report
Scott Technology Limited (NZX: SCT) Announces FY20 Results
Accordant Group Half Year Financial Performance
ANZ 2020 released Full Year Results Documents
QEX’s Missing Inventory in Shanghai Bonded Warehouse
Chorus announces changes to its Executive team
Wellington signs commercial agreement with Imbera for supply of IoT hardware and data services.

IRG See IRG research reports