Recommended NZ | Guide to Money | Gimme: Competitions - Giveaways

PaySauce grows recurring revenue and customer numbers - PaySauce

Fuseworks Media
Fuseworks Media

SaaS employment solutions provider PaySauce (NZX:PYS) continues to deliver strong year-on-year growth, with total recurring revenue1 up 96% for Q4 2019. The number of employees in New Zealand being paid through PaySauce payroll software increased by 114% to 13,349 people. The number of payslips issued grew 106% to 98,443, and total employers processing pays through PaySauce payroll increased by 108% to 2,434. The gross payroll value processed by PaySauce for the quarter totalled $160.3 million, an increase of 120%.

Key Metrics / Q4 2019 / Q4 2018 / % YOY Change

Total recurring revenue  / NZD $461.4K / NZD $235.4K / 96%

# Employees (at end of qtr) / 13,349 / 6,227 / 114%

# Payslips (total for qtr) / 98,443 / 47,814 / 106%

# Payroll customers (at end of qtr) / 2,434 / 1,171 / 108%

Gross value of payroll processed / NZD $160.3M / NZD $73M / 120%

CEO and co-founder of PaySauce, Asantha Wijeyeratne, reflects on the quarter: "It’s safe to say we ended the year on a high note, being named by Deloitte as one of the fastest-growing tech companies in the Asia-Pacific region, and hitting another milestone of $2M ARR based on December monthly revenue. While the majority of our customers come from the agriculture sector, this quarter has seen our customer base diversify across a range of rural industries. We’re really excited to be heading into 2020 with a renewed focus on partnerships and customer experience."


● Recurring revenue up 96% to $461.4K

● Total employees paid through PaySauce up 114% to 13,349

● Number of payslips issued up 106% to 98,443

● Number of payroll customers up 108% to 2,434

● Gross payroll value processed up 120% to $160.3M

For more information about the quarter results to 31 December 2019, please contact

All articles and comments on have been submitted by our community of users. Please notify us if you believe an item on this site breaches our community guidelines.