PaySauce Limited (NZX:PYS) shared its quarterly update on Thursday (14 January 2021) and noted a total recurring revenue growth by 44% to $569 thousand, as compared to the third quarter of FY 20.
Key pointers from the statement:
- 17,944 people were paid with the help of PaySauce software, a 34% spurt in the number of employees being paid via this software.
- Total number of businesses processing via PaySauce rose to 3,274.
- PYS made more than 300 new clients.
Asantha Wijeyeratne, CEO said that the Company’s growth in the revenues suggests that the small businesses are recovering from setbacks of pandemic.
He also said that several their customers have resumed the payroll services and are now in position to employ staff and therefore this growth.