- Business
- PaySauce Limited (NZX:PYS) provides cloud-based Software as a Service (SaaS) fintech solutions for payroll and employee management, primarily targeting small and medium-sized enterprises (SMEs) in New Zealand with a focus on micro-businesses across agriculture, horticulture, retail, hospitality, trades, manufacturing, forestry, trucking, professional services, and charities. The company's PaySauce platform enables employers to digitally onboard, pay, and manage employees from any device via web, iOS, and Android applications; core features include mobile timesheets, rosters, payroll calculations, banking integration, automated payments, PAYE filing with Inland Revenue, labour costing, automated general ledger entries, digital employment contracts, leave management, and custom reports with accounting software integration. PaySauce also operates PAYE intermediary services and employee share scheme bare trustee business, serving over 8,000 customers with compliance to New Zealand legislation including minimum wage requirements. Founded in 2015 and headquartered in Lower Hutt, New Zealand, the company operates subsidiaries including PaySauce Operations Limited, Right Remuneration Limited, and PaySauce Pty Limited, with primary revenue from the New Zealand market and initial expansion into Australia. In recent developments, PaySauce launched a payroll pilot in Victoria, Australia, targeting the dairy sector in September 2025 ahead of a formal 2026 commercial rollout, marking a strategic entry into a market of over 700,000 underserved micro-businesses; the company reported 5% recurring revenue growth to $4.5 million and 42% EBITDA increase to $779,000 for the half-year ended September 30, 2025 (1H FY26), alongside a 15% rise in processing fees, reduced customer churn, and a reiterated target of $10 million annual recurring revenue in FY27.